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      BlackRock ETF Transfers $143 Million in Cryptocurrency to Coinbase

      Wallets linked to the BlackRock Exchange-Traded Fund (ETF) have transferred a total of $143.04 million in cryptocurrency assets to Coinbase Prime. This transaction includes 883.001 Bitcoin, valued at approximately $72.64 million, and 28,957 Ethereum, worth around $70.4 million, as reported by Onchain Lens monitoring.

      The transfer highlights the growing involvement of institutional investors in the cryptocurrency market, particularly through established financial entities like BlackRock. Such movements may indicate a strategic shift in asset management approaches towards digital currencies, reflecting broader trends in investment strategies.

      Coinbase Prime, a platform designed for institutional investors, continues to facilitate significant transactions, underscoring its role in the evolving landscape of cryptocurrency trading and investment. This transfer marks one of the notable movements of digital assets by a major financial institution.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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