BlackRock moves $356M in BTC and ETH to Coinbase Prime
- —3,215 BTC worth about $262.4 million transferred
- —38,882 ETH worth roughly $93.2 million sent
- —Combined transfers total around $355.6 million
- —Purpose undisclosed; a sale has not been confirmed
Why it matters: Large ETF-wallet deposits to an exchange are often read by traders as a possible sell signal and a source of pressure on BTC and ETH prices.
Source: PANews