On-chain data shows activity from wallets linked to leading asset management firm BlackRock, with more than $153 million in Bitcoin and Ethereum moved to cryptocurrency exchange Coinbase.
Onchain Lens, an on-chain data analysis platform, has reported a transfer from BlackRock, where a large amount of Bitcoin and Ethereum were moved in recent hours.
Onchain Lens reported that Blackrock deposited 2,200 $BTC $149.13 million and equivalent to $2,417 $ETH Worth $4.84 million on Coinbase. Bitcoin and Ethereum moved more than $153 million in monetary terms.
Blackrock deposited 2,200 $BTC $149.13 million and equivalent to $2,417 $ETH ($4.84 million) Deposited in #Coinbase, more deposits possible https://t.co/pyOLoPpL7H?from=article-links pic.twitter.com/b1IFifmNeA
— Onchain Lens (@OnchainLens) March 9, 2026
BlackRock remains one of the hottest institutional investors in the crypto market, considering its Bitcoin and Ethereum spot ETFs.
In the past week $BTC/$ETH ETF update shared by Arkham shows BlackRock is the largest Bitcoin; $ETH ETF purchaser.
Bitcoin ETFs recorded positive net inflows of $568.5 million for the week, with the largest buyer being BlackRock’s IBIT, which attracted $660 million in inflows.
Similarly, the Ethereum ETF also posted positive net flows of $23.5 million for the week, with the largest buyer being BlackRock’s ETHA, which attracted $133.2 million in inflows.
The move to Coinbase remains significant, with the crypto exchange currently storing around 12% of all crypto assets in the world and the majority of spot crypto ETFs in the US.
On-chain lenses suggest that more deposits are required. $BTC and $ETH Coinbase by BlackRock may also follow suit. If this happens, it may suggest rebalancing your crypto investment product portfolio.
BlackRock updates staked Ethereum trust
BlackRock is ramping up preparations for the launch of the iShares Staked Ethereum Trust, which will trade under the ticker ETHB.
Last week, BlackRock updated its filing for the Ethereum Staking ETF (ETHB). The main change is the staking fee, which will now be 10% of your rewards with the possibility of tiered discounts. In the previous application, the staking fee was “18% of the total staking”.
The world’s largest asset management company filed the product following the success of its Spot Ethereum ETF (ETHA).
No official start date has been set, but it is likely to start in the first half of 2026. This follows a change in regulatory sentiment that has allowed staking rewards to be incorporated into exchange-traded products, which was previously considered unlikely by the SEC.
