BlackRock Transfers Approximately $77.8 Million in BTC and ETH to Coinbase

TechFlow reports, on August 11, according to Onchain Lens monitoring, BlackRock transferred 838.07 BTC and 12,670 ETH to Coinbase, with a total value of approximately $77.8 million. Of this, the Bitcoin portion is worth approximately $53.88 million, and the Ethereum portion is worth approximately $23.96 million.

Data shows that BlackRock operates the world's largest Bitcoin spot ETF, IBIT, with a current market cap of approximately $47.784 billion.