BlackRock transferred approximately $444 million worth of BTC and ETH to Coinbase Prime within half an hour.
According to monitoring by Onchain Lens, the assets came from its ETF wallets and included 4,189 BTC (approximately $305 million) and 68,230 ETH (approximately $139 million).
· These transfers were observed on-chain. The source did not specify their purpose, so they cannot be directly equated with a sale.
· The amounts are based on estimates provided by the monitor; the basis for converting BTC and ETH into U.S. dollars was not disclosed.
Would you first watch to see whether the on-chain addresses make further transfers, or wait for ETF creation and redemption data?
$BTC $ETH
According to monitoring by Onchain Lens, the assets came from its ETF wallets and included 4,189 BTC (approximately $305 million) and 68,230 ETH (approximately $139 million).
· These transfers were observed on-chain. The source did not specify their purpose, so they cannot be directly equated with a sale.
· The amounts are based on estimates provided by the monitor; the basis for converting BTC and ETH into U.S. dollars was not disclosed.
Would you first watch to see whether the on-chain addresses make further transfers, or wait for ETF creation and redemption data?
$BTC $ETH
