BlackRock ETF affiliated wallet transferred to Coinbase Prime approximately 203000000 USD BTC and ETH
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AT A GLANCE
BlackRock ETF affiliated wallet transferred to Coinbase Prime approximately 203000000 USD BTC and ETH。
Article
BlackRock ETF affiliated wallet transferred approximately to Coinbase 203000000 USD BTC and ETH
PANews October 13 news, according to monitoring by Onchain Lens, a BlackRock ETF affiliated wallet, over the past 1 hours, transferred to Coinbase Prime Bitcoin with a total value of approximately 203000000 USD() and Ethereum (BTC), including: -ETH 860.393 BTC worth approximately 71540000 USD；- 52488 ETH worth approximately 131000000 USD。
According to monitoring by Onchain Lens, a BlackRock ETF affiliated wallet, over the past 1 hours, transferred to Coinbase Prime assets with a total value of approximately 203000000 USD BTC and ETH。
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The transfers included 860.393 BTC worth approximately 71540000 USD。
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The transfers included 52488 ETH worth approximately 131000000 USD。
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The news was reported by PANews on October 13.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
On-chain monitoring indicates that a wallet associated with a BlackRock ETF transferred a large amount of Bitcoin and Ethereum to Coinbase Prime. A transfer to an exchange does not mean the assets have been sold; the funds may also be used for custody, settlement, or other institutional operations.
Why it matters to readers
Large asset inflows to an exchange may create potential selling pressure, but the current evidence confirms only the transfers and does not confirm a sale or execution.
Beginners should distinguish between “transferring to an exchange” and “an actual sale”: the former may affect market expectations, but alone cannot prove that prices will definitely fall.
Risks and unknowns
The evidence does not provide the relevant on-chain wallet address, making it impossible to independently verify its association with BlackRock ETF.
There is currently no evidence that BTC or ETH has been sold.
It remains unclear whether the funds are intended for custody, clearing,ETF settlement, or other purposes.
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Related concepts
BTC
The abbreviation commonly used for Bitcoin when referring to it as a digital currency.
