BlackRock Transfers $123M in Bitcoin and Ethereum to Coinbase Amid ETF Outflows
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Fund Transfer: BlackRock transferred a total of $123 million in Bitcoin and Ethereum to Coinbase, comprising 1,134 BTC valued at approximately $101 million and 7,255 ETH worth around $22 million, shortly after significant outflows from its ETFs, indicating a waning confidence in its products.
- ETF Outflow Pressure: On the last trading day of 2025, Bitcoin ETFs experienced net outflows of $348.10 million and Ethereum ETFs saw $72.06 million, with BlackRock's own funds accounting for $99.05 million and $21.5 million of these outflows, reflecting a cautious stance among institutional investors towards the crypto market.
- Increased Market Volatility: The transfers coincided with the expiration of $2.2 billion in crypto options, leading to heightened market volatility, particularly with Bitcoin options having a maximum pain point at $88,000, which likely prompted liquidity adjustments by large holders like BlackRock, further impacting market sentiment.
- Weak Demand Indicators: Despite Bitcoin's recovery from an intraday low, Glassnode reported that ETF flow metrics continue to indicate weak institutional demand for both Bitcoin and Ethereum, with the 30-day simple moving average of net flows remaining negative, while long-term holders have largely refrained from selling amidst market turbulence, suggesting a cautious optimism for future market conditions.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
