Coinbase Prime Sees $270M Institutional Crypto Transfer from BlackRock
In a significant move underscoring continued institutional confidence in digital assets, global asset management giant BlackRock has transferred approximately $270 million worth of Bitcoin and Ethereum to Coinbase Prime. According to recent blockchain data, the transfer involved 2,019 BTC (valued around $182 million) and 29,928 ETH (worth about $91 million). This substantial movement of assets to the premier institutional trading platform comes amid a period of notable outflows from BlackRock's own cryptocurrency investment products, highlighting a nuanced and strategic approach to crypto market participation. The transaction, detected and verified through on-chain analytics, signals that major financial institutions are actively managing their crypto exposures through trusted, regulated venues like Coinbase Prime, even during periods of market volatility or fund rebalancing. For BlackRock, a leader in traditional finance now deeply embedded in the digital asset ecosystem, this transfer may represent operational treasury management, liquidity provisioning for client needs, or a preparatory step for other institutional services. The choice of Coinbase Prime—a platform designed specifically for high-volume, institutional trading—reinforces the growing infrastructure maturity supporting large-scale crypto adoption. From a market perspective, this action counters any narrative of broad institutional retreat. While recent weekly data showed net outflows from some spot Bitcoin ETFs, including BlackRock's IBIT, this direct on-chain transfer to a major exchange indicates ongoing engagement and sophisticated asset allocation strategies. It demonstrates that institutions are not merely passive ETF investors but are also utilizing direct custody and trading solutions. For Coinbase, this reinforces its pivotal role as the preferred gateway and infrastructure provider for traditional finance entering the crypto space. As of late December 2025, such movements between heavyweight players like BlackRock and Coinbase continue to validate the crypto market's integration into the global financial system, suggesting that institutional activity is becoming more dynamic and multifaceted beyond simple buy-and-hold ETF investments.
BlackRock Moves $270M in Bitcoin and Ethereum to Coinbase Prime Amid ETF Outflows
BlackRock transferred approximately $270 million worth of Bitcoin and ethereum to Coinbase Prime, signaling continued institutional engagement despite recent outflows from its crypto funds. Blockchain data reveals the asset manager shifted 2,019 BTC ($182M) and 29,928 ETH ($91M) to the institutional trading platform.
The MOVE follows a week of notable withdrawals from BlackRock’s cryptocurrency products, drawing scrutiny from market participants. While no sale was executed, the transfer underscores the firm’s active management of digital asset exposure during volatile conditions.
Bitcoin’s resilience above $90,000 contrasts with the fund outflows, suggesting divergent institutional and retail market dynamics. Coinbase Prime’s role as a custodian for large-scale transactions reinforces its position as a preferred gateway for traditional finance entrants.
Cardano Tests Key Support as Cross-Chain Liquidity Pathways Emerge
Cardano (ADA) is holding critical support at $0.36, with technical indicators suggesting a potential reversal after a prolonged corrective phase. The $0.45–$0.50 range now emerges as the next resistance zone for bulls.
Meanwhile, new cross-chain liquidity pathways are forming between Solana and Cardano ecosystems. While no direct bridge exists, assets can route through Ethereum or Base using Chainlink's CCIP protocol, with Wanchain and ChainPort facilitating final transfers to Cardano.
This development coincides with Base's growing role as a routing layer for cross-chain transactions. The integration of wrapped ADA tokens like cbADA on Coinbase further enhances Cardano's connectivity within the broader crypto liquidity network.
