BlackRock Deposits 3,495.55 BTC (Bitcoin) to Coinbase for $384M and 31,754 ETH ($122M) – Onchain Lens Update

COINOTAG News, citing Onchain Lens, reports that in the past hour BlackRock deposited 3,495.55 BTC (about $384 million) and 31,754 ETH (about $122 million) to Coinbase. The move marks a notable instance of institutional activity and highlights a pattern of flows toward regulated custody platforms in a volatile crypto environment.

Such on-chain disclosures shape the evolving institutional crypto narrative, with BTC and ETH transfers to reputable custody venues serving as a barometer for liquidity and risk management. Investors will monitor for additional confirmations across exchanges to assess potential near-term price dynamics and regulatory-compliant custody activity.