BlackRock deposits $222M in Bitcoin and $137M in Ether into Coinbase Prime

BlackRock deposits $222M in Bitcoin and $137M in Ether into Coinbase Prime

Institutional activities highlight the growing link between crypto ETFs and finance as firms manage digital asset liquidity and redemption needs.

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by Vivian Nguyen | Powered by Gloria

BlackRock, the world’s largest asset manager, deposited 2,310 Bitcoin worth $222 million and 43,240 Ethereum worth around $137 million into Coinbase today. The transfer represents the latest institutional movement involving the two leading crypto assets amid ongoing ETF activity.

BlackRock’s recent Bitcoin and Ethereum deposits to Coinbase have sparked speculation about potential selling pressure following ETF outflows.

Roughly $867 million exited US-listed spot Bitcoin ETFs yesterday, alongside $260 million withdrawn from Ethereum ETFs. BlackRock’s IBIT saw the largest daily outflow among crypto ETPs.

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BlackRock deposits $222M in Bitcoin and $137M in Ether into Coinbase Prime

BlackRock deposits $222M in Bitcoin and $137M in Ether into Coinbase Prime

Institutional activities highlight the growing link between crypto ETFs and finance as firms manage digital asset liquidity and redemption needs.

by Vivian Nguyen | Powered by Gloria

Share

Add us on Google

BlackRock, the world’s largest asset manager, deposited 2,310 Bitcoin worth $222 million and 43,240 Ethereum worth around $137 million into Coinbase today. The transfer represents the latest institutional movement involving the two leading crypto assets amid ongoing ETF activity.

BlackRock’s recent Bitcoin and Ethereum deposits to Coinbase have sparked speculation about potential selling pressure following ETF outflows.

Roughly $867 million exited US-listed spot Bitcoin ETFs yesterday, alongside $260 million withdrawn from Ethereum ETFs. BlackRock’s IBIT saw the largest daily outflow among crypto ETPs.