BlackRock moves 3,064 BTC (~$276M) and 26,723 ETH (~$83M) to Coinbase Prime during BTC/ETH selloff ahead of US jobs data

first published 2026-01-09T10:38:44Z

Arkham-tracked transfers show BlackRock sent about 3,064 BTC (≈$276M) and 26,723 ETH (≈$83M) to Coinbase Prime as Bitcoin and Ethereum prices fell. The transfers coincided with net outflows from U.S. spot Bitcoin ETFs and choppy Ethereum ETF flows, prompting speculation the relocations could be linked to potential liquidations. Moves occurred ahead of U.S. initial jobless claims and nonfarm payrolls data that may drive Fed policy and volatility. BlackRock has not commented.

AI Analysis

Large, on-chain transfers of 3,064 BTC and 26,723 ETH to an exchange coincided with reported net outflows from U.S. spot Bitcoin ETFs and volatile ETH ETF flows; timing ahead of key U.S. jobs data increases likelihood these moves are related to selling or liquidation pressure. BlackRock has not provided comment.

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