BlackRock-Linked ETF Wallets Move $202.54 Million in BTC, Ether

BlackRock-linked ETF wallets transferred about $202.54 million in Bitcoin (BTC) and Ether (ETH) to Coinbase Prime over the past hour, marking a major institutional on-chain movement across both assets. The transfer included 860.393 BTC valued at approximately $71.54 million and 52,488 ETH worth about $131 million. Ether represented the larger share of the transaction by value. The move reversed the direction of transfers recorded Aug. 25 and Aug. 27, when 2,802.904 BTC and 3,620 BTC, along with a small amount of ETH, moved from Coinbase Prime to ETF wallets.