BlackRock Transfers 2,196 Bitcoins to Coinbase

2 mins mins

Key Points:

BlackRock transfers 2,196 BTC to Coinbase, valued at $202.76 million.
Transaction involves institutional Bitcoin management.
Potential ETF-related activity sparks market speculation.

In a significant blockchain transaction, BlackRock transferred 2,196 Bitcoin, valued at $202.76 million, to a Coinbase address on December 10, as per OnchainLens monitoring.

This transaction underscores institutional involvement in cryptocurrency markets, possibly linked to ETF operations, affecting Bitcoin liquidity and highlighting ongoing institutionalization within the digital asset space.

BlackRock Transfers 2,196 Bitcoins to Coinbase

BlackRock, reportedly the world’s largest asset manager, made a considerable move involving its labeled wallet by transferring 2,196 BTC to a Coinbase Prime address. This action, tracked by OnchainLens and Arkham Intelligence, aligns with BlackRock’s growing focus on cryptocurrency.

The move could signal an operational or strategic adjustment involving ETF and portfolio management, particularly as BlackRock continues to use Coinbase Prime for institutional transactions. The exact purpose behind this transfer, whether a rebalance or ETF management, remains unspecified.

“BlackRock transferred 2,196 BTC worth about $202.76M to a Coinbase address, as labeled by Arkham Intelligence. The sending entity is tagged BlackRock and the recipient is tagged Coinbase, indicating an exchange deposit.”

Although no official statements from BlackRock or Coinbase leaders have been issued specifically regarding this transfer, market observers have speculated that it might reflect a potential gearing for future ETF positions or liquidity adjustments. The transaction has attracted attention from industry stakeholders, according to Crypto Briefing insights.

Bitcoin Market Implications as Price Dips

Did you know? Historical transfers by BlackRock to Coinbase have typically been linked to ETF-related operations, underscoring the vital role of such exchanges in institutional crypto management.

As of December 10, 2025, Bitcoin (BTC) trades at $92,336.18 with a market cap of $1.84 trillion, dominating 58.33% of the market. Bitcoin’s 24-hour trading volume stood at $55.8 billion, showing a 13.95% decrease, according to CoinMarketCap data. Price fell 1.74% over 24 hours.

bitcoin-daily-chart-4923 — Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 18:02 UTC on December 10, 2025. *Source: CoinMarketCap*

Experts from Coincu Research suggest that such institutional transfers may influence future ETF operations, potentially affecting liquidity and market structure. The involvement of major asset managers indicates a sustained institutionalization of the Bitcoin ecosystem, driven by operational necessities and market factors.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.