EL7.AI
CryptoMedium•23 October 2026•
3 min read

$46.59 Million in Bitcoin and Ether Reach Wallets Linked to BlackRock Funds

Key Facts

1Wallets linked to BlackRock were reported to have received 384.77 BTC and 6,334 ETH, worth a combined $46.59 million, on October 22, 2026, according to a report citing Onchain Lens.
2Spot Bitcoin funds recorded net outflows of $381.5 million, and spot Ethereum funds $17.9 million, on October 22, 2026.
3U.S. spot Bitcoin funds recorded net inflows of $528.40 million on October 21, compared with $23.16 million on October 20.
4Bitcoin closed at $81,416.09 and Ether at $2,389.14 on October 22, 2026, according to EL7 data.

A report by Blockchain News, citing Onchain Lens, said wallets linked to BlackRock funds received 384.77 BTC worth $31.4 million and 6,334 ETH worth $15.19 million from Coinbase Prime on October 22, 2026. The report valued the two transfers at a combined $46.59 million. It attributed the figures to the on-chain data tracker, while the available information did not include official confirmation from BlackRock or Coinbase. These figures appeared in an earlier version of the report, but the direction and details of the transfers could not be verified against the original TokenPost page. The movement details therefore remain attributed to the source that reported them and are not an announcement from either company.

The same report also cited an earlier transfer of 18,098 ETH, valued at $43.6 million, from ETHA and ETHB wallets to Coinbase Prime. The source described the transfer as occurring before the movements it cited on October 22, without specifying a more precise date in the available information. Coinbase Prime combines execution, financing, futures, custody and staking services, according to the company’s description of its institutional platform. The arrival of assets at the platform therefore does not by itself prove that they were sold in the market. Coinbase said Prime provides “a single operating system for execution, financing, futures, custody and staking.”

The cited transfers took place on a day when spot funds recorded net outflows: spot Bitcoin funds posted net outflows of $381.5 million, while spot Ethereum funds saw outflows of $17.9 million, according to DefiLlama data. IBIT recorded a daily flow of zero, while FBTC posted an outflow of $217.5 million. BlackRock describes IBIT as seeking to track the price performance of Bitcoin through an exchange-traded product. The company says the fund provides exposure to the asset’s price while simplifying aspects of custody and operations. Asset movements between wallets are not equivalent to the funds’ daily net flows; the figures here describe different measures.

Before that, U.S. spot Bitcoin funds recorded net inflows of $528.40 million on October 21, following $23.16 million on October 20, according to SoSoValue data cited by TokenPost. The source reported that inflows on October 21 were about 22.8 times higher than the previous day. But data for October 22 showed net outflows from spot funds, alongside closing prices of $81,416.09 for Bitcoin and $2,389.14 for Ether, according to EL7 data. During the day’s market moves, Bitcoin rose overnight to near $85,000 before retreating, amid pressure from rising oil prices and a sell-off in AI stocks, according to an Investing.com report based on Reuters. The report cited a price of $82,785.8 at 02:13 Eastern Time on October 22.