BlackRock deposits $115M in ETH into Coinbase Prime
BlackRock’s Ethereum ETF extended its outflow streak to a fourth day on Tuesday, posting $111 million in net outflows.
BlackRock, the global asset management giant, deposited $115 million in Ethereum into Coinbase Prime today, according to on-chain data.
Coinbase serves as a key cryptocurrency platform and primary custodian for institutional digital asset activities, including trading and liquidity management for major asset managers entering the crypto space.
The latest transfers come as BlackRock’s Ethereum ETF (ETHA) notched its fourth consecutive day of redemptions, with $111 million exiting the fund yesterday.