A BlackRock ETF address transferred 4,189 $BTC and 68,230 $ETH to Coinbase Prime within 30 minutes, according to Onchain Lens, for a total of about $444 million. BTC accounted for about $304.7 million, nearly 70% of the total; ETH accounted for about $139.2 million.
It’s not possible to tell from the direction alone what a transfer of this size from an on-chain address to Coinbase Prime means. It could be part of a creation or redemption settlement, or simply a transfer between addresses. The amount is certainly substantial, close to $444 million.
I’d compare it with the ETF net inflow and outflow data released next. If it lines up with redemptions, that would mean real money is flowing out; if not, it’s just an address transfer, with little to read into from a price perspective. The on-chain monitoring window is only 30 minutes, so that’s the full extent of the sample.
#比特币ETF #贝莱德 #On-chain data
It’s not possible to tell from the direction alone what a transfer of this size from an on-chain address to Coinbase Prime means. It could be part of a creation or redemption settlement, or simply a transfer between addresses. The amount is certainly substantial, close to $444 million.
I’d compare it with the ETF net inflow and outflow data released next. If it lines up with redemptions, that would mean real money is flowing out; if not, it’s just an address transfer, with little to read into from a price perspective. The on-chain monitoring window is only 30 minutes, so that’s the full extent of the sample.
#比特币ETF #贝莱德 #On-chain data