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BlackRock deposits $200M in Bitcoin and $29M in Ethereum to Coinbase Prime

BlackRock deposits $200M in Bitcoin and $29M in Ethereum to Coinbase Prime

The transfers come amid continued pressure on BlackRock’s crypto funds, which have recently experienced more outflows than inflows.

by Vivian Nguyen

1 min read

In Business

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BlackRock deposited approximately $200 million in Bitcoin and $29 million in Ethereum into Coinbase Prime on Wednesday, according to Arkham Intelligence data.

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The transfers coincide with a period of uneven demand for BlackRock’s Bitcoin and Ethereum ETFs, where outflows have outweighed inflows in recent weeks.

BlackRock’s flagship Bitcoin ETF (IBIT) posted around $157 million in net redemptions yesterday, and its Ethereum ETF (ETHA) saw an additional $25 million withdrawn, per Farside Investors.

The IBIT fund still leads the market for Bitcoin investment products. The Wall Street giant has highlighted Bitcoin as one of its leading investment themes for 2025, alongside T-bills and major tech stocks.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.

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