BlackRock-linked wallets shifted large amounts of Bitcoin and Ethereum to Coinbase Prime, including 2,268 BTC and 45,324 ETH on February 9, 2026. Traders read the exchange-bound flows as potential sell pressure amid an around $2.5 billion options expiry and a recent Bitcoin drawdown toward the low-$60,000 area.

Grayscale expanded its ETF plans by filing a Form S-1 with the SEC on January 23, 2026 for a spot BNB fund, and moving to convert its Grayscale Near Trust into a spot NEAR ETF. The BNB move places it alongside VanEck, while coverage noted NEAR rose more than 3% even as the broader crypto market faced pressure.

U.S. spot Bitcoin ETFs logged about $697 million in net inflows on January 5, led by BlackRock’s IBIT and Fidelity’s FBTC. Bitcoin traded near $93,800 and briefly set a 2026 high around $94,000, while thin liquidity and resistance near $95,000 may challenge momentum if flows ease.