BlackRock deposits $616M in Bitcoin and $200M in Ethereum into Coinbase
Crypto Briefing
BlackRock moved $616 million in Bitcoin and $200 million in Ethereum to Coinbase Prime for its ETF operations.Summary
BlackRock, the world's largest asset manager, deposited 6,735 Bitcoin valued at about $616 million and 64,706 Ethereum valued at approximately $200 million into Coinbase today. These transfers were directed to Coinbase Prime, the platform's service for institutional custody and trading. These large crypto movements are part of routine custodial adjustments linked to BlackRock's spot Bitcoin and Ethereum ETF operations, continuing a pattern seen in recent weeks, despite sometimes sparking market discussions about potential selling pressure.
(Source：Crypto Briefing)