# BlackRock has transferred more than $500 million worth of Bitcoin and ETH to hot wallets.

*fintech · news · 2026-05-19 · Finbold*

## Key points

- BlackRock transferred over $500 million in BTC and ETH to Coinbase Prime hot wallets in May 2024.
- The transfers occurred in multiple rapid batches, often in increments of approximately 300 BTC each.
- These movements coincide with BlackRock's largest single-day Bitcoin ETF outflows of about $448 million on May 18.
- Despite redemptions, BlackRock's iShares Bitcoin Trust increased BTC holdings by over 8,000 during May 2024.
- The operational ETF transfers suggest liquidity management for creations, redemptions, or potential liquidation events.

**Companies:** BlackRock, Coinbase
**Countries:** United States

[Read the full story on Finbold](https://finbold.com/blackrock-signals-selling-over-500-million-of-these-cryptocurrencies/)

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