BlackRock transfers 3,064 BTC and 64,707 ETH to Coinbase for $478M
Crypto Briefing
BlackRock moved 3,064 BTC and 64,707 ETH, worth about $478 million, to Coinbase Prime custody.Summary
Asset management giant BlackRock transferred 3,064 Bitcoin and 64,707 Ethereum tokens, valued at approximately $478 million, to Coinbase Prime, the exchange's institutional custody platform. This movement aligns with BlackRock's established pattern of depositing digital assets on Coinbase Prime for routine liquidity or asset management adjustments. The transfers occurred amidst continued turbulence in the crypto markets, including Bitcoin's recent sharp correction, and follow a day where BlackRock's IBIT ETF saw significant net outflows.
(Source：Crypto Briefing)