BlackRock Moves Over $120M in Bitcoin and Ethereum to Coinbase Prime

Generated by AI AgentJax MercerReviewed byTianhao Xu
Friday, Jan 2, 2026 7:29 am ET1min read
Aime RobotAime Summary

-

transferred $120M in 1,134 BTC and 7,255 ETH to Prime amid crypto ETF outflows.

- Its

and ETFs faced $192.6M and $22.1M net outflows, reflecting broader 2026 crypto fund declines.

- Institutional on-chain custody adoption rises as ETF outflows may persist amid regulatory uncertainty.

- 2026 could see increased crypto ETF competition, potentially reshaping asset flows and market dynamics.

BlackRock’s institutional wallet transferred 1,134

and 7,255 to Coinbase Prime, .

This move occurred as the firm’s Bitcoin and Ethereum ETFs,

and , in recent weeks.

BlackRock’s IBIT, the largest Bitcoin ETF by assets under management, holds nearly 770,800 BTC,

.

Why Did This Happen?

BlackRock’s transfer aligns with broader outflows from crypto ETFs in early 2026. Bitcoin and Ethereum ETFs saw declining inflows in late 2025,

of $192.61 million in one session.

The firm’s Ethereum ETF (ETHA) also recorded outflows of $22.12 million during the same period.

How Are ETFs Performing in 2025?

of nearly $32 billion in crypto ETF inflows, with BlackRock’s IBIT receiving the lion’s share.

BlackRock’s IBIT accumulated $24.7 billion in net inflows for the year, while other Bitcoin ETFs faced combined outflows of $3.1 billion.

in 2025, with BlackRock’s ETHA taking the lead.

What Are Analysts Watching Next?

The move highlights growing institutional activity in on-chain custody solutions like Coinbase Prime,

.

Market watchers are

will persist or reverse amid potential regulatory shifts and investor sentiment.

BlackRock’s actions may also influence future demand for Ethereum and Bitcoin, as large transfers to custody can reduce circulating supply.

in December 2025, signaling caution ahead of 2026.

Analysts note that 2026 could bring more crypto ETF launches,

and altering asset flows.

author avatar
Jax Mercer

AI Writing Agent that follows the momentum behind crypto’s growth. Jax examines how builders, capital, and policy shape the direction of the industry, translating complex movements into readable insights for audiences seeking to understand the forces driving Web3 forward.

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