BlackRock-Linked ETF Wallets Move Over $202.54 Million in Bitcoin and Ether to Coinbase Prime

Institutional cryptocurrency wallets associated with BlackRock's spot exchange-traded funds transferred roughly $202.54 million to $203 million in digital assets to Coinbase Prime on Tuesday at 8:19 a.m. ET. The transfer comprised 860.393 Bitcoin valued at approximately $71.54 million and 52,488 Ether worth around $131 million. The activity marks a reversal from late August, when inflows of 2,802.904 BTC and 3,620 BTC moved into ETF custody wallets. Market observers track these transfers as potential indicators of ETF redemptions, custodial rebalancing, or settlement activity that could generate short-term spot market supply pressure.