BlackRock Moves $355M in Bitcoin and Ethereum to Coinbase Prime

Picking up: 3 in the last 7 days Updated friday

The latest in this situation

BlackRock moved Bitcoin and Ethereum assets from its ETFs to Coinbase Prime.Friday
Swiss FINMA approved a competing spot bitcoin ETF against BlackRock's US offerings.Thursday
BlackRock's Bitcoin ETF saw significant outflows on October 18, 2026.Oct 18

How it started

20 reports, 13 independent, last reported Fri 00:00. The briefing below covers this first event.

AI-generated briefing. Brind wrote this from the reports listed below and has updated it as the story developed. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Well supportedReported by 13 independent outlets

BlackRock moved $355.6 million in Bitcoin and Ethereum to Coinbase Prime within two hours on October 23, 2026, according to on-chain records. This transfer occurred shortly after spot Bitcoin ETFs logged $635.6 million in net outflows on October 22, 2026. Separately, Farside Investors reported $16.8 million in net inflows to BlackRock’s IBIT, while BlackRock’s ETHA recorded a $44.4 million outflow on October 15, 2026.

From aol.com, econotimes.com

Why it matters

Some supportBrind's analysis of the reports

The movement of large volumes of digital assets to an institutional trading desk raises questions about whether the transfers signal fresh selling pressure. Meanwhile, the Swiss Financial Market Supervisory Authority approved a competing spot bitcoin ETF, marking Europe's only spot bitcoin ETF.

From aol.com, prnewswire.com

Who's involved

BlackRockManages specialized Bitcoin and Ethereum ETFs and moved assets to Coinbase Prime.
InvescoCompetes with BlackRock in the ETF and index fund markets.

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

CleanSparkSpeculative
CleanSpark might see reduced mining revenue and asset value due to Bitcoin price drops.
Hut 8Speculative
Hut 8 could see reduced core reserves and asset value following market price declines.
StrategySpeculative
Strategy might experience a reduction in the value of its core treasury reserve asset due to Bitcoin price drops.

Possible ripples

Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.

How it developed

Newest first. Tap a step to see who reported it.

Fri 00:00BlackRock moved Bitcoin and Ethereum assets from its ETFs to Coinbase Prime.1 source
- aol.com
Thu 00:00Swiss FINMA approved a competing spot bitcoin ETF against BlackRock's US offerings.1 source
- prnewswire.com
Sun 14:57BlackRock's Bitcoin ETF saw significant outflows on October 18, 2026.Sub-event
Aug 25IBIT inflows fuel market surge as treasury yields ease and leadership meets.1 source
- ibtimes.com
Jun 28Bespoke reported on IBIT fund losses due to Bitcoin price drop.1 source
- yahoo.com
Jun 8BlackRock's AUM growth was aided by Trump's pause and the listing of spot Bitcoin ETFs, alongside a Preqin acquisition.Sub-event
Jun 7Ethereum ETFs are now attracting significant institutional capital, with BlackRock's iShares Ethereum Trust leading the inflows.Sub-event
Sep 5BlackRock's IBIT led Bitcoin ETF inflows, and BlackRock's ETHA fund led Ethereum ETF outflows.1 source
- Cryptonews

Show 1 earlier step

Aug 30BlackRock moved millions of Bitcoin after ETF purchases and holds Ethereum in its crypto portfolio.1 source
- Cryptonews

Keep exploring

The entities involved

Bitcoin
digital cash system and associated currency
- A company established a digital asset treasury strategy.03:25
- Both Bitcoin and stocks are noted as offering potential for high returns.Sat 22:21
BlackRock
American multinational investment management corporation
- BlackRock issued the iShares LifePath Target Date 2065 ETF, and the SEC received a disclosure from Citadel Advisors LLC.Sat 19:58
- BlackRock manages the iShares Morningstar Mid-Cap Value ETF.Sat 19:51
Invesco
US investment management company
- Invesco is managing the Invesco S&P 500 Pure Growth ETF.Sat 13:55
- Invesco manages the Invesco Dorsey Wright SmallCap Momentum ETF fund.Sat 08:07
Ethereum
public blockchain platform with programmable transaction functionality
- BlackRock's iShares Ethereum Trust drove most withdrawals on October 24, 2026.Sat 18:07
- The Clarity Act vote provides regulatory clarity, defining SEC responsibilities while Ethereum shows resilience despite hawkish monetary policy.Sat 15:22

Related events

Coverage

Newest first; wire copies grouped

Fri 00:00aol.com
Thu 00:00prnewswire.com
Mon 00:00aol.com
Oct 16econotimes.com
Sep 22yahoo.com
Sep 22coinspeaker.com
Sep 20hindustantimes.com
Aug 25ibtimes.com
Aug 17hedgeco.net
Aug 9coindesk.com
Aug 9yahoo.com
Jul 1benzinga.com
Jun 28yahoo.com
Sep 5CryptonewsEthereum ETFs Bleed Amid $301M BTC Inflow, Yet Whales Buy More ETH – Here’s Why Spot Bitcoin ETFs returned to strong inflows this week, even as Ethereum funds faced sharp withdrawals, showing a shift
Sep 3CoinspeakerBitcoin ETF Inflows Resume Sparking “Digital Gold” Narrative, Ether ETFs Bleed Amid the broader crypto market correction, Bitcoin is once again emerging as a safe haven asset, regaining the “digital
Aug 30CryptonewsBlackRock Offloads Millions in BTC After Weekly Buys – Market ‘Manipulation’ or Routine Rebalance? The world’s largest asset manager, BlackRock, is drawing scrutiny after blockchain data revealed THA
Jul 11TheStreetBitcoin rockets past $118k, inches toward $120k Bitcoin rockets past $118k, inches toward $120k originally appeared on TheStreet. Bitcoin has set a new all-time price high on July 11 at $118,403.89,
Jul 4Unknown outlet
Jun 28Unknown outlet
Jun 21Unknown outlet