Hupzy (Spot On Chain)|Jun 26, 2026 11:38
๐ BlackRock has deposited ๐ฐ,๐ฑ๐ณ๐ณ ๐๐ง๐ ($๐ฎ๐ณ๐ฎ๐ ) and ๐ฐ๐ญ,๐ต๐ต๐ฒ ๐๐ง๐ ($๐ฒ๐ฑ.๐ฎ๐ ) to Coinbase Prime โ a combined $337M transfer, one of the largest single institutional flows to a custodian in recent weeks. The move comes amid sustained ETF outflows and broader market weakness.
๐๐๐ฝ๐๐ ๐๐ฎ๐ธ๐ฒ: A $337M deposit by BlackRock to Coinbase Prime during a period of ETF outflows is a notable institutional flow signal. While deposits to custodians don't necessarily mean immediate buying (they could be for custody, ETF creation, or rebalancing), the scale suggests BlackRock is managing significant position adjustments. For BTC and ETH traders, large institutional custody movements often precede structural market shifts โ monitor whether this translates to ETF creation or is purely defensive repositioning.
Explorer: https://arkm.com/explorer/entity/blackrock
Track real-time signals & trade โ https://hupzy.com/trending?utm_source=x&utm_medium=social&utm_campaign=agent_x_post&utm_content=984(Hupzy (Spot On Chain))
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