Source: CryptoNewsNet
Original Title: BlackRock-linked wallets move over $430 million in bitcoin, ether to Coinbase Prime
Original Link:
Wallets linked to BlackRock’s spot bitcoin and ether exchange-traded funds routed more than $430 million worth of crypto to a major custodian platform over the past several hours, according to onchain data tracked by Arkham, marking one of the largest ETF-related transfer clusters this week.
These transfers came as U.S.-listed spot crypto ETFs saw heavy outflows on the day, pointing to redemption-driven settlement rather than discretionary selling.
Spot bitcoin ETFs recorded $708.71 million in net outflows, including $356 million from BlackRock, while ether ETFs shed $297.51 million, with $250 million tied to BlackRock, per SoSoValue.
The transactions included roughly 3,070 bitcoin, valued at $276 million, alongside about 52,800 ether worth approximately $157 million at prevailing market prices.
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BlackRock-linked wallets move over $430 million in bitcoin and ether to custodian platform
Source: CryptoNewsNet Original Title: BlackRock-linked wallets move over $430 million in bitcoin, ether to Coinbase Prime Original Link: Wallets linked to BlackRock’s spot bitcoin and ether exchange-traded funds routed more than $430 million worth of crypto to a major custodian platform over the past several hours, according to onchain data tracked by Arkham, marking one of the largest ETF-related transfer clusters this week.
These transfers came as U.S.-listed spot crypto ETFs saw heavy outflows on the day, pointing to redemption-driven settlement rather than discretionary selling.
Spot bitcoin ETFs recorded $708.71 million in net outflows, including $356 million from BlackRock, while ether ETFs shed $297.51 million, with $250 million tied to BlackRock, per SoSoValue.
The transactions included roughly 3,070 bitcoin, valued at $276 million, alongside about 52,800 ether worth approximately $157 million at prevailing market prices.