BlackRock Moves 2,201 BTC and 7,557 ETH Worth Over $214 Million to Coinbase as IBIT and ETHA See Outflows

On Monday, December 29, BlackRock transferred 2,201 BTC and 7,557 ETH to Coinbase, a move valued at more than $214 million at transaction-time prices. These sizeable Bitcoin and Ethereum deposits coincided with notable daily net outflows from BlackRock's IBIT and ETHA ETFs, aligning on-chain activity with declining fund assets.