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BlackRock transfers over $600 million in BTC and ETH to Coinbase, raising sell-signal questions

BlackRock has moved more than $600 million worth of bitcoin and ether to Coinbase Prime wallets over the past 48 hours, according to a crypto media report. The transfers involved 7,160 bitcoin and 98,850 ether, worth about $611 million at the time. Some market participants view the move as possible preparation for selling linked to spot ETF redemptions, though it is not confirmed. Others say it could be asset movement or liquidity management.