BlackRock Transfers $55.16 Million in Bitcoin and Ethereum to Coinbase

BlackRock transferred 566.88 BTC and 7,552 ETH, valued at approximately $55.16 million, to Coinbase, onchain data show. The Bitcoin transfer was worth roughly $39.64 million, while the Ethereum deposit totaled around $15.52 million. Onchain analyst Onchain Lens indicated BlackRock may continue depositing additional tokens.