BlackRock Transfers 59,606 ETH (~$254M) to Coinbase Prime — LookIntoChain Reports (Aug 21)
ETH/USDT
$39,049,302,904.94
$2,145.26 / $2,009.54
Change: $135.72 (6.75%)
-0.0018%
Shorts pay
COINOTAG News reported, citing on-chain analytics from LookIntoChain, that asset manager BlackRock transferred 1,885 BTC (approximately $111.66 million) and 59,606 ETH (approximately $254.43 million) to Coinbase Prime about four hours prior to the report.
According to the monitoring data, both transfers were directed to an institutional custody and trading venue; the aggregate value of the movements is roughly $366.09 million, representing a notable single-session institutional inflow into a centralized prime brokerage account.
The observation is based on real-time on-chain monitoring by LookIntoChain as relayed by COINOTAG, documenting the transfer event without commentary on intent, consistent with routine custodial reallocation or margin placement activity for institutional counterparties.