BlackRock - Backpack Securities

On-chain data shows BlackRock ETF wallets sent 7,244 BTC and 63,598 ETH, worth about $702.25 million, to Coinbase Prime. Here is what such transfers usually signal.

BlackRock-linked wallets moved 580,145 $ETH (about $1.32 billion) in a month, while the iShares Ethereum Trust (ETHA) lost roughly $1.42 billion in October, per Lookonchain and Farside data.

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