A wallet tied to a BlackRock exchange-traded fund sent Bitcoin (BTC) and Ether (ETH) to Coinbase on Tuesday, Nov. 10, in a $318.36 million transfer split nearly evenly by dollar value.
Valuations put the 2,252 BTC at about $166.94 million and the 72,210 ETH at about $151.42 million. The Bitcoin portion had a slightly larger dollar value, despite involving far fewer tokens.
The earlier deposit was substantially larger: 7,244 BTC and 63,600 ETH valued together at $702.25 million. Compared with the Nov. 3 deposit, the Tuesday, Nov. 10, transfer contained less BTC and more ETH.
The Coinbase-bound transfer alone does not establish whether BlackRock’s overall ETF positions declined. EconoTimes has also covered Ether transfers from BlackRock-linked wallets to Coinbase Prime.
