Onchain Lens reported on November 9, 2026, that addresses labeled as BlackRock transferred 5,320 BTC and 40,720 ETH to Coinbase in approximately one hour, according to a Jinse Finance report published at 21:04:57 UTC+8 that day.
The reported values were approximately $396.49 million for the BTC and $86.17 million for the ETH, totaling $482.66 million.
What the transfer breakdown shows
According to Jinse Finance’s description of images attached to the original post, addresses labeled “BlackRock: Coinbase Prime Deposit” sent six transactions to Coinbase Prime hot and cold wallets:
- Four BTC transfers: approximately 2,020 BTC, 600 BTC, 600 BTC and 2,100 BTC.
- Two ETH transfers: approximately 40,000 ETH and 715.19 ETH.
The individual ETH amounts were presented as approximate figures, alongside a reported aggregate of 40,720 ETH.
What remains unknown
The source did not specify the purpose of the transfers or identify an associated product. These reported movements therefore establish neither a sale nor a particular fund flow. Their stated dollar value measures the assets transferred, not a change in BlackRock’s holdings or a valuation conclusion for BTC or ETH.
Original article: Jinse Finance · Onchain Lens post cited in the report