BlackRock Transfers $276M Bitcoin and $83M Ethereum to Coinbase Amid Market Downturn
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 09 2026- Large Transfers: BlackRock moved approximately 3,064 Bitcoin (around $276 million) and 26,723 Ethereum (about $83 million) to Coinbase during a downturn in the cryptocurrency market, indicating its strategic response to market volatility.
- ETF Outflows: The transfers coincided with significant net outflows from U.S. spot Bitcoin ETFs, intensifying speculation about potential liquidation plans, which could undermine investor confidence and market stability.
- Macro Sensitivity: These transfers occurred ahead of the U.S. initial jobless claims data release, where fluctuations in economic indicators could directly influence Federal Reserve policy decisions, impacting Bitcoin and Ethereum markets.
- Market Monitoring: As the world's largest asset manager, BlackRock's cryptocurrency transactions are closely monitored by market participants, and its transfer activities may significantly affect pricing and market sentiment, especially amid heightened uncertainty in the current market environment.
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.
