According to Lookonchain’s on-chain monitoring, a BlackRock wallet transferred 74,973 ETH (about $220.1 million) and 2,257 BTC (about $197.6 million) into Coinbase Prime. COINOTAG News corroborates the move, framing it as a substantial institutional custody action that shifts large crypto balances into a regulated prime-broker platform, signaling enhanced storage controls and compliance-ready exposure to digital assets.

Such a deployment to Coinbase Prime reflects a broader trend among major asset owners toward institutional custody solutions, with on-chain data highlighting real-time transfer activity. The move may influence liquidity access and market structure by bolstering regulated pathways for asset custody while maintaining a disciplined risk-management posture.