According to Lookonchain, a wallet labeled as BlackRock deposited 4,538 ETH worth about $20.42M to Coinbase Prime and received 293.6 BTC worth about $34M from Coinbase Prime, with the entity labeling sourced from Arkham Intelligence and the flow reported by Lookonchain (source: Lookonchain; Arkham Intelligence). This on-chain flow shows net BTC received and ETH sent by the BlackRock-labeled entity via Coinbase Prime, as tracked by Lookonchain and attributed by Arkham Intelligence (source: Lookonchain; Arkham Intelligence).

According to @OnchainLens, a Bitcoin OG further deposited 1,000 BTC, valued at $108.35M, into HyperUnit to exchange it for ETH on Aug 30, 2025 (source: @OnchainLens). This order flow reflects a direct BTC-to-ETH rotation executed on-chain via HyperUnit, making ETH/BTC and liquidity on HyperUnit pools key areas to monitor around the swap window (source: @OnchainLens).