BlackRock Moves Bitcoin and Ethereum to Coinbase

BlackRock moved a large amount of Bitcoin and Ethereum to a U.S. crypto exchange while investors continued pulling money out of crypto ETFs. The transfers happened in late December, during a period of strong selling pressure in the market.

Data from Arkham shows that BlackRock sent 2,201 Bitcoin, worth about $192 million, and 7,557 Ethereum, valued at around $22 million, to Coinbase Prime. Altogether, the assets were worth more than $214 million. The crypto came from wallets linked to BlackRock, drawing attention because ETF outflows were happening at the same time.

According to SoSoValue, spot Bitcoin ETFs saw $275.88 million leave on December 26. BlackRock’s IBIT ETF made up the largest part of that figure, with $192.61 million in outflows in one day. Ethereum ETFs also saw money leave the market, recording $38.70 million in net outflows. BlackRock’s ETHA ETF lost $22.12 million during the same period.

🚨BlackRock just moved $192 million worth of Bitcoin and $22.12 million worth of $ETH to Coinbase.

Pray for our portfolios. pic.twitter.com/lVy6uRLWst

— Ash Crypto (@AshCrypto) December 29, 2025

Crypto ETF Outflows Deepen as Investor Caution Persists

The selling pressure was not limited to a single day. Over the past week, crypto exchange-traded products recorded $446 million in net outflows, continuing a trend that started after a market correction earlier in the fourth quarter.

CoinShares reported that crypto investment products have seen $3.2 billion in outflows since October 10. The firm said investors remain cautious as the year comes to an end. Even so, total inflows for the year still stand at $46.3 billion, showing that demand earlier in the year was strong.

James Butterfill of CoinShares said that assets under management have grown by only 10% this year, meaning redemptions have reduced overall gains. While Bitcoin and Ethereum products continue to face pressure, XRP and Solana products attracted new money, with inflows of $70.2 million and $7.5 million, as some investors shifted toward select altcoins.

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