BlackRock ETF-linked wallet moves $203M in BTC and ETH to Coinbase Prime
- —860.393 BTC worth about $71.54M transferred
- —52,488 ETH worth about $131M transferred
- —Total moved to Coinbase Prime reached roughly $203M in one hour
Why it matters: Large transfers from ETF-linked wallets to a custodian exchange often precede fund selling or rebalancing, adding pressure on BTC and ETH prices.
Source: PANews