Blackrock deposits 2,043 BTC and 22,681 ETH into Coinbase
Crypto Briefing
BlackRock deposited 2,043 BTC worth $213 million and 22,681 ETH worth $80 million into Coinbase.Summary
BlackRock, the world's largest asset manager, recently deposited a significant amount of cryptocurrency into Coinbase, specifically 2,043 Bitcoin (BTC) valued at approximately $213 million and 22,681 Ethereum (ETH) valued at about $80 million, based on current market rates. These recurring transfers to Coinbase Prime suggest ongoing institutional involvement in the digital asset space, as BlackRock utilizes Coinbase as a primary custodian for activities like its Bitcoin ETF operations and potential asset tokenization projects. Such movements could indicate custody rebalancing, tokenization efforts, or preparations for potential redemptions or sales.
(Source：Crypto Briefing)