BlackRock transferred a combined $123 million worth of Bitcoin and Ethereum to Coinbase (NASDAQ: COIN), according to Arkham data . The move involved 1,134 BTC valued at $101 million and 7,255 ETH worth approximately $22 million. This activity took place shortly after significant outflows from the company’s Bitcoin and Ethereum ETFs were recorded on December 31. SoSoValue data revealed that Bitcoin ETFs saw $348.10 million in net outflows on the final trading day of 2025. Ethereum ETFs followed with $72.06 million in net outflows. BlackRock’s own funds accounted for $99.05 million of the Bitcoin outflows and $21.5 million from the Ethereum segment. The repeated daily outflows have added considerable pressure on Bitcoin and Ethereum prices. Bitcoin ETFs experienced net outflows in eight of the last nine trading days, while Ethereum ETFs saw similar trends on five out of the last six trading days. Options Expiry Coincides with Transfers These movements came as $2.2 billion in crypto opti...