BlackRock Resumes BTC and ETH Transfers to Coinbase After Christmas Pause
On-chain trackers recorded BlackRock restarting transfers of Bitcoin and Ethereum to Coinbase on Dec. 26, 2025, following a temporary pause on Christmas Day. The movements were flagged as outsized flows from addresses associated with the asset manager and mark a notable return to exchange custody after the holiday lull.
Why this matters: large institutional transfers can increase sell-side liquidity and influence short-term price action, while potentially boosting volatility measures like MOVE. Traders and market makers will be watching Coinbase order books and subsequent on-chain activity to see if the coins are sold into the market or shuffled between custodial accounts — either outcome could reshape near-term liquidity and sentiment. Possible explanations include portfolio rebalancing or liquidity needs, but immediate market impact will depend on execution and follow-up flows.