BlackRock transfers 47,728 ETH and 544 BTC worth $140.43M to Coinbase Prime amid $6.4T options expiry market activity
BlackRock has moved digital assets worth over 140 million dollars to Coinbase Prime, drawing attention across crypto markets. The transfer includes both Bitcoin and Ethereum and comes during a period of elevated market activity tied to options expiry events.
BlackRock Transfers Bitcoin and Ethereum to Coinbase Prime
Blockchain tracking platform Lookonchain reported the transaction details. BlackRock deposited 47,728 ETH valued at 102.13 million dollars. It also transferred 544 BTC worth 38.3 million dollars.
The total value of the movement stands at 140.43 million dollars. These assets were sent to Coinbase Prime, which serves institutional clients. The platform provides custody and execution services for large investors.
💥NEW: BLACKROCK MOVES $140M IN $ETH AND $BTC TO COINBASE PRIME
BlackRock has deposited 47,728 $ETH worth $102.13M and 544 $BTC worth $38.3M into Coinbase Prime, for a combined transfer of $ 140.43 M.
The dual-asset movement to Coinbase Prime, the institutional custody arm,… pic.twitter.com/YkNvTjoR90
— BSCN (@BSCNews) March 20, 2026
Coinbase Prime is commonly used by asset managers and funds. It supports secure storage and trading of digital assets. The transfer aligns with known practices among institutional participants.
Timing Aligns With Large Options Expiry Event
The movement took place as markets prepared for a large options expiry.
Data shows that about 6.4 trillion dollars in options were due to expire. This includes contracts linked to multiple asset classes.
Large expiry events often increase market activity. Traders adjust positions, and liquidity can shift across exchanges. Asset transfers during such periods can reflect internal portfolio adjustments.
There has been no official statement from BlackRock regarding the purpose. Lookonchain shared the data based on chain tracking. The firm stated, “BlackRock deposited 47,728 ETH and 544 BTC into Coinbase Prime.”
Related Reading: BlackRock and Ripple Paths Converge as Tokenized Assets Expand on XRPL
Institutional Activity Continues to Shape Crypto Markets
Institutional flows remain a key part of the digital asset market. Firms like BlackRock often use custodial platforms to manage exposure. These movements are tracked closely by market participants.
The use of Coinbase Prime shows continued reliance on regulated infrastructure. It also reflects how institutions handle large scale crypto holdings. Secure custody remains a priority for such entities.
Market observers monitor these transfers for patterns. While the intent behind each move may vary, the data provides insight into activity levels. The transfer adds to ongoing records of institutional engagement in crypto markets.
