The post BlackRock moves $359m in Bitcoin, Ethereum to Coinbase amid selloff appeared on BitcoinEthereumNews.com.

BlackRock shifted $276m in Bitcoin and $83m in Ethereum to Coinbase as both coins fell and spot ETFs flipped to outflows ahead of key U.S. labor data releases. Summary Arkham data shows BlackRock moved about 3,064 BTC (~$276m) and 26,723 ETH (~$83m) to Coinbase Prime as crypto prices retreated.​ The transfers coincided with net outflows from U.S. spot Bitcoin ETFs and choppy Ethereum ETF flows, stoking speculation over potential liquidations.​ The moves came ahead of U.S. jobless claims and payrolls data that could sway Fed policy, keeping macro sensitivity high for BTC and ETH markets. BlackRock has transferred significant amounts of Bitcoin and Ethereum to Coinbase as cryptocurrency markets experience a downturn, according to blockchain tracking data. The asset management firm moved $276 million in Bitcoin (BTC) and $83 million in Ethereum (ETH) to the exchange platform during a period of price declines for both digital assets, the data showed. The transfers occurred on the same day that Bitcoin and Ethereum exchange-traded funds experienced significant outflows, according to market data. The simultaneous movements have prompted speculation among market participants about potential liquidation plans, though BlackRock has not publicly disclosed its intentions. As the world’s largest asset manager, BlackRock’s cryptocurrency transactions are closely monitored by market participants due to the firm’s potential influence on pricing and market sentiment. The cryptocurrency transfers coincide with the expected release of U.S. initial jobless claims data, which economists forecast will show a slight increase. The labor market report is among several economic indicators scheduled for release that could affect both traditional and cryptocurrency markets. Upcoming nonfarm payrolls and unemployment rate data are also expected to influence investor decisions across asset classes, according to market analysts. Economic weakness in these reports could lead to increased market volatility and potentially affect Federal Reserve policy decisions regarding interest…

---

Filed under: News - @ January 9, 2026 11:01 am