BlackRock Withdraws Significant Holdings from Coinbase in 13-Hour Period
In a notable market movement, financial giant BlackRock has withdrawn 4,716 BTC and 21,147 ETH from Coinbase within a 13-hour window.
Onchain Lens data indicates that during this timeframe, BlackRock's net outflow from Coinbase comprised 4,716 BTC, valued at approximately $345 million, and 21,147 ETH, worth roughly $45.46 million. This follows an earlier deposit of 12,084 ETH, valued at $25.04 million, by the asset manager into the exchange.
The significant withdrawal activity suggests a strategic rebalancing or a shift in holdings by one of the largest institutional players in the digital asset space. The market will be closely watching for further developments and BlackRock's next moves.
#crypto #blockchain #news #BTC #Bitcoin
npub1f6…0xueh
2026-03-05 00:31:48 UTC
Author Public Key
npub1f6dy7ve47xwsgqyah2mdrca0tprh0c4tu5rgvlnuyrmeac8fkn5st0xuehPublished at
2026-03-05 00:31:48 UTCEvent JSON
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"content": "BlackRock Withdraws Significant Holdings from Coinbase in 13-Hour Period\n\nIn a notable market movement, financial giant BlackRock has withdrawn 4,716 BTC and 21,147 ETH from Coinbase within a 13-hour window.\n\nOnchain Lens data indicates that during this timeframe, BlackRock's net outflow from Coinbase comprised 4,716 BTC, valued at approximately $345 million, and 21,147 ETH, worth roughly $45.46 million. This follows an earlier deposit of 12,084 ETH, valued at $25.04 million, by the asset manager into the exchange.\n\nThe significant withdrawal activity suggests a strategic rebalancing or a shift in holdings by one of the largest institutional players in the digital asset space. The market will be closely watching for further developments and BlackRock's next moves.\n\n#crypto #blockchain #news #BTC #Bitcoin ",
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