BlackRock deposits $314M in BTC and $115M in ETH into Coinbase Prime
Crypto Briefing
BlackRock recently deposited nearly $314 million in Bitcoin and $115 million in Ethereum into Coinbase Prime.Summary
BlackRock, the world's largest asset manager, deposited approximately $314 million worth of Bitcoin (BTC) and $115 million worth of Ethereum (ETH) into Coinbase Prime within a 24-hour period. Coinbase Prime is an institutional platform offering custody, trading, and prime brokerage services for large firms dealing in cryptocurrencies. These repeated transfers highlight BlackRock's ongoing portfolio management activities, particularly in relation to its expanding cryptocurrency ETF offerings, signaling broader institutional adoption of digital assets through established custody arrangements.
(Source：Crypto Briefing)