💼 BlackRock Moves Millions in BTC & ETH to Coinbase – Here’s What It Really Means

In early Feb 2026, BlackRock transferred a massive chunk of crypto to Coinbase:

2,268 BTC (~$156M)

45,324 ETH (~$92M)

This happened while money was flowing out of BlackRock’s IBIT Bitcoin ETF, which may raise eyebrows at first. 👀

But don’t panic—this is usually normal ETF operations, especially during market volatility.

💡 Why it happened:

When investors redeem ETF shares, the fund needs to return cash.

To do that efficiently, Bitcoin & Ethereum are moved to major exchanges like Coinbase for quick selling.

This is called handling redemptions, not a bearish shift.

⚠️ Bottom line:

These moves are routine for large institutions.

They don’t signal BlackRock turning bearish on crypto.

It’s all about managing liquidity and meeting investor demand.

Current Prices:

BTC: $69,467.62 (-1.87%)

ETH: $2,056.57 (-1.41%)

#bitcoin #ETH #BlackRock #Coinbase #CryptoNews