BlackRock ETF wallets transferred approximately $318 million in BTC and ETH to Coinbase
Original headline贝莱德 ETF 钱包向 Coinbase 转入约 3.18 亿美元 BTC 和 ETH
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BlackRock ETF wallets transferred roughly $318.36 million in BTC and ETH to Coinbase on November 10, according to OnchainLens. The transfer comprised 2,252 BTC valued at about $166.94 million and 72,210 ETH worth approximately $151.42 million. The move matters because inflows or outflows tied to BlackRock's spot crypto ETFs can signal shifting institutional demand and potential market liquidity. Traders will watch whether the deposited assets are deployed for purchases, redemptions, or rebalancing, and how ETF flow data and BTC and ETH price action respond in the following sessions.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
BlackRock (BLK), Coinbase (COIN), Ethereum (ETH), Bitcoin (BTC), OnchainLens
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