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COINOTAG News, citing Lookonchain monitoring, reports that a BlackRock-controlled address received a notable cross-asset transfer within the last 40 minutes. The wallet allegedly acquired 1,884 BTC and 10,585 ETH, valued near $204.9 million and $40.3 million respectively, sourced from Coinbase Prime, signaling ongoing institutional liquidity movements among leading crypto assets.
The move highlights persistent institutional activity in crypto custody and treasury management, with the transfer directed to a major asset manager’s address. While on-chain data confirms the transaction, no additional details on intent can be verified. The scale underscores demand for robust liquidity channels for BTC and ETH and reinforces the role of premier exchanges like Coinbase Prime in facilitating large-scale asset movements.
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