BlackRock sends $276M in Bitcoin and $83M in Ethereum to Coinbase Prime
January 8, 2026
Home » Business » BlackRock sends $276M in Bitcoin and $83M in Ethereum to Coinbase Prime
BlackRock’s Bitcoin ETF IBIT recorded $130 million in redemptions yesterday, while US spot Bitcoin ETFs collectively saw $486 million in net outflows.
Key Takeaways
- BlackRock transferred $276M in Bitcoin and $83M in Ethereum to Coinbase Prime.
- The transfers come as early-2026 ETF flows have shifted rapidly from strong inflows to sharp outflows.
Share this article
BlackRock, the global investment management firm, moved about 3,064 Bitcoin, valued at roughly $276 million, along with 26,723 Ethereum worth more than $83 million, to Coinbase Prime today, according to data from Arkham Intelligence.
The latest transfers come as ETF flows in early 2026 turned volatile, with strong inflows at the start of January quickly giving way to sharp outflows. After solid buying on Jan 2 and Jan 5, sentiment reversed sharply on Jan 6 and Jan 7, resulting in net outflows for the period, per Farside Investors.
IBIT, BlackRock’s Bitcoin ETF, posted $130 million in redemptions yesterday as US spot Bitcoin funds suffered $486 million in net outflows, their biggest daily outflow since late November.
Search
RECENT PRESS RELEASES
