BlackRock Transfers $603.8 Million in BTC, ETH to Coinbase Prime

BlackRock has deposited 3,970 BTC valued at $356.7 million and 82,813 ETH worth $247.1 million into Coinbase Prime, as tracked by Lookonchain.

The deposits reflect BlackRock’s ongoing ETF management, indicating institutional interest, potentially impacting crypto market dynamics amidst fluctuating ETF streams in early January 2026.

BlackRock Crypto Operations Align with ETF Mechanisms

The major transfer by BlackRock, spotted by Lookonchain monitoring, involved 3,970 BTC and 82,813 ETH. These deposits feed into routine ETF creation and redemption activities. No public statements were released by BlackRock leadership regarding these transactions. On-chain data suggests similar but smaller transactions occurred earlier in the month, amplifying existing market strategies.

The frequent shifts in cryptocurrency by BlackRock may respond to ETF inflows and outflows, impacting market liquidity and sentiment. For instance, fluctuations in ETF asset levels usually affect cryptocurrency movements, but no substantial price change has been observed post-deposit. The cycles of these deposits highlight BlackRock’s dynamic management over its asset custody strategies.

Market reactions to these deposits vary, with some stakeholders expressing concerns over potential selling pressure. Trading volume surged by 164% following the deposits, yet BTC’s price has maintained its stability. No responses from major crypto influencers like Arthur Hayes or Vitalik Buterin have been documented on this occurrence.

Larry Fink, CEO, BlackRock, stated, “As we continue our commitment to delivering efficient solutions in the evolving digital landscape, our movements in BTC and ETH are part of routine operations to balance ETF offerings.”

Historical Context, Price Data, and Expert Analysis

Did you know? BlackRock’s recent deposits follow a pattern since 2024, often preceding notable crypto ETF flows, with Bitcoin’s price staying resilient above $90,000 post-transaction.

As of January 22, 2026, according to CoinMarketCap, Bitcoin’s price stands at $89,974.35, with a market cap of 1.80 trillion and market dominance at 59.15%. The coin has experienced a 1.62% price uptick in the past 24 hours despite a 19.24% drop over the last 90 days. Its circulating supply is 19,979,253 out of a 21,000,000 maximum.

Experts from the Coincu research team predict ongoing institutional interest driven by Bitcoin’s integration into traditional finance. Increases in ETF assets suggest enhancements in regulatory frameworks, bolstering market confidence. Despite recent fluctuations, the coupling of cryptocurrency in financial models hints at robust technologization trends. The coin has experienced a 1.62% price uptick in the past 24 hours despite a 19.24% drop over the last 90 days. Its circulating supply is 19,979,253 out of a 21,000,000 maximum.