BlackRock Deposits $250M Bitcoin (BTC) into Coinbase Prime: Sell-Off?

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author: CryptoNews

date: November 15, 2025

1 min. read

BlackRock has deposited a significant amount of Bitcoin into Coinbase Prime, raising speculation about a potential sell-off. On-chain analytics platform Lookonchain reported that BlackRock moved 2610 BTC into Coinbase Prime within the last 3 hours. This Bitcoin deposit is currently valued at approximately $250 million. In addition to the BTC, BlackRock also deposited 43,240 ETH, worth around $130 million. Exchange deposits are often interpreted by market analysts as an indication that an entity intends to sell the deposited assets. However, it could also be for custody, lending, or other purposes on the Coinbase Prime platform. The motive behind BlackRock's deposit remains unclear. Further monitoring is needed to confirm whether this signals a shift in strategy for the investment giant. ```