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BlackRock Transfers Over $120M in Bitcoin and Ethereum to Institutional Custody Platform
Source: CryptoNewsNet Original Title: BlackRock moves over $120M in Bitcoin and Ethereum to Coinbase Prime Original Link: A BlackRock-labeled wallet transferred 1,134 Bitcoin worth around $101 million and 7,255 Ethereum worth approximately $22 million to a major institutional custody platform, according to on-chain data.
The latest transfers come during a period of massive outflows from crypto exchange-traded products, including BlackRock’s own offerings.
Data shows that US spot Bitcoin ETFs reversed back into outflows on December 31, shedding $348 million as markets closed out 2025. BlackRock’s IBIT led the outflows, with $99 million withdrawn.
IBIT still dominates the Bitcoin ETF market, holding 770,791 BTC with a total value of about $67.4 billion.