BlackRock moved crypto to Coinbase Prime after depositing 3,743 BTC ($339.45M) and 7,204 ETH ($22.42M), Lookonchain said in a post on X.
BlackRock just deposited 3,743 $BTC($339.45M) and 7,204 $ETH($22.42M) to Coinbase Prime.https://t.co/qmuDIrPHc6 pic.twitter.com/EIiG6xZs78
— Lookonchain (@lookonchain) January 12, 2026
In total, the transfer size comes to about $361.87M, putting a notable BTC and ETH block onto a venue used for institutional execution. Lookonchain did not specify whether the transfer reflects selling, rebalancing, or custody operations, but the onchain footprint is now visible.
The next watch item is follow-through: additional deposits, withdrawals, or repeated routing to Coinbase Prime would clarify whether this is a one-off movement or a sustained de-risking cycle. Any updated wallet activity, or a follow-up post from Lookonchain, will be the cleanest signal.
Source: Lookonchain.
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