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BlackRock’s $127M Bitcoin and Ether Transfer: What the On-Chain Data Shows
BlackRock reportedly withdrew 1,150 BTC and 11,840 ETH, worth about $126.95 million, from Coinbase Prime over 40 minutes on September 28. The reported amount was about twice a separate $62 million move earlier in September, but below a roughly $159 million transfer reported on September 15.
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Key takeaways
- BlackRock reportedly withdrew 1,150 BTC and 11,840 ETH, worth about $126.95 million, from Coinbase Prime over 40 minutes on September 28.
- The reported amount was about twice a separate $62 million move earlier in September, but below a roughly $159 million transfer reported on September 15.
- Coinbase Custody is named as custodian for the Bitcoin trust in an SEC filing; the available reports do not explain the purpose of this specific transfer.
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openai.comCreate a landscape editorial hero image for this Studio Global article: What cryptocurrency did BlackRock withdraw from Coinbase Prime on Monday, how much Bitcoin and Ether was involved and over what timeframe, h. Article summary: On Monday, September 28, BlackRock was reported to have withdrawn **Bitcoin and Ether** worth about **$126.95 million** from Coinbase Prime: **1,150 BTC** (about $95.43 million) and **11,840 ETH** (about $31.52 million) . Topic tags: general, general web, user generated, government. Style: premium digital editorial illustration, source-backed research mood, clean composition, high detail, modern web publication hero. Use reference image context only for broad subject, composition, and topical grounding; do not copy the exact image. Avoid: logos, brand marks, copyrighted characters, real person likenesses, fake screenshots, UI text, readable text, watermarks, ch
On September 28, 2026, on-chain reports said BlackRock moved approximately $126.95 million in Bitcoin and Ether from Coinbase Prime within about 40 minutes. The reported transfer comprised 1,150 BTC, valued at roughly $95.43 million, and 11,840 ETH, worth about $31.52 million.2
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The size stands out, but the transfer does not reveal its purpose. On-chain movement alone does not establish that BlackRock sold the assets, that ETF investors redeemed shares, or that the firm was making a directional bet on crypto prices.
What was transferred?
| Asset | Amount | Reported value |
|---|---|---|
| Bitcoin (BTC) | 1,150 BTC | About $95.43 million |
| Ether (ETH) | 11,840 ETH | About $31.52 million |
| Total | — | About $126.95 million |
The figures and 40-minute timeframe were reported from on-chain monitoring data.2
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How it compares with earlier reported moves
The September 28 transfer was larger than a separate roughly $62 million movement of Bitcoin and Ether reported earlier in September, but smaller than a roughly $159 million withdrawal reported on September 15.1
3 These reports show that large movements involving Coinbase Prime had occurred before; they do not establish whether the transactions shared the same purpose.
Why a Coinbase Prime transfer is not automatically a sale
A transfer out of a platform identifies movement between addresses, not the reason for it. BlackRock’s SEC filing for its Bitcoin trust identifies Coinbase Custody Trust Company as the trust’s bitcoin custodian.26 That custody relationship helps explain why Coinbase-related infrastructure can appear in fund operations, but it does not establish that this particular transfer was a custody adjustment—or that it was a sale.
The available reports do not explain where the assets went or why they moved. Nor do they establish a public explanation from BlackRock for this specific transaction.2
6 Without that information, the careful conclusion is limited: a substantial BTC-and-ETH transfer was reported, but its market meaning remains uncertain.
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What is the short answer to "BlackRock’s $127M Bitcoin and Ether Transfer: What the On-Chain Data Shows"?
BlackRock reportedly withdrew 1,150 BTC and 11,840 ETH, worth about $126.95 million, from Coinbase Prime over 40 minutes on September 28.
What are the key points to validate first?
BlackRock reportedly withdrew 1,150 BTC and 11,840 ETH, worth about $126.95 million, from Coinbase Prime over 40 minutes on September 28. The reported amount was about twice a separate $62 million move earlier in September, but below a roughly $159 million transfer reported on September 15.
What should I do next in practice?
Coinbase Custody is named as custodian for the Bitcoin trust in an SEC filing; the available reports do not explain the purpose of this specific transfer.
Sources
tokenpost.comBlackRock Withdraws $126.95 Million in Bitcoin and Ether | TokenPost
phemex.comBlackRock Withdraws $127M in BTC and ETH from Coinbase Prime
za.headtopics.comBlackRock Moves $62M in Bitcoin and Ethereum Amid Market Volatility
kucoin.comBlackRock Withdraws 1698.44 BTC and 11700 ETH Worth ...