BlackRock ETF‑linked wallets route ~416.65 BTC (~$29.9M) and 8,513 ETH (~$19.1M) — ~$49M — into Coinbase Prime via IBIT and ETHA

first published 2026-04-08T13:38:48Z

Arkham on‑chain data shows BlackRock ETF‑linked wallets transferred 8,513 ETH (≈$19.14M) and 416.654 BTC (≈$29.86M), roughly $49M total, into Coinbase Prime using spot ETFs ETHA and IBIT. The moves continue a months‑long pattern of routing large ETF rebalances, creations and redemptions through Coinbase Prime, making these flows a live gauge of institutional positioning in BTC and ETH.

AI Analysis

Arkham on‑chain data: 8,513 ETH (≈$19.14M) and 416.654 BTC (≈$29.86M) were transferred into Coinbase Prime via BlackRock spot ETFs ETHA and IBIT. The summary states these moves continue a months‑long pattern of routing large ETF rebalances, creations and redemptions through Coinbase Prime and are a live gauge of institutional positioning — concrete, on‑chain institutional flows totaling ≈$49M underpin the modestly negative short‑term sentiment and moderate market impact score.

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