As monitored by LookIntoChain, BlackRock has reportedly moved into a large crypto transfer window. The data tracker’s latest read shows 953 BTC and 15,722 ETH moving from Coinbase Prime to BlackRock custody in the last 20 minutes. At prevailing price levels, that amounts to roughly $83.43 million in Bitcoin and $46.24 million in Ethereum, highlighting ongoing institutional activity in regulated crypto settlements.
This trend underscores growing institutional demand for liquid, custody-compatible crypto exposure and the central role of prime brokers in onboarding large asset managers. While such transfers enhance portfolio diversification, market watchers emphasize adherence to risk controls and transparency to confirm provenance and compliance across counterparties.