Is #blackRock loading up on ETH? We track a newly created wallet 0xCAD…D1BDE withdrew around $25.27M worth of ETH from Coinbase about 20 hours ago.
The interesting part is Arkham has tagged this wallet as being linked to BlackRock. And BlackRock has definitely been active on-chain. Its ETF-linked addresses have moved large amounts of both BTC and ETH through Coinbase before, although those transfers can be related to #ETF creations, redemptions, rebalancing or settlement they don’t automatically mean BlackRock is buying or selling.
So if Arkham's attribution is correct, this latest $25.27M ETH withdrawal is definitely worth watching. BlackRock + new wallet + $25M ETH withdrawal = 👀 with EyeOnChain. (ha--ha--ha)
Address: 0xCADa1F833Cf09029006AB9b11A3B881a961D1BDE
The interesting part is Arkham has tagged this wallet as being linked to BlackRock. And BlackRock has definitely been active on-chain. Its ETF-linked addresses have moved large amounts of both BTC and ETH through Coinbase before, although those transfers can be related to #ETF creations, redemptions, rebalancing or settlement they don’t automatically mean BlackRock is buying or selling.
So if Arkham's attribution is correct, this latest $25.27M ETH withdrawal is definitely worth watching. BlackRock + new wallet + $25M ETH withdrawal = 👀 with EyeOnChain. (ha--ha--ha)
Address: 0xCADa1F833Cf09029006AB9b11A3B881a961D1BDE
