BlackRock deposits $348M in Bitcoin and $117M in Ethereum into Coinbase Prime
Crypto Briefing
BlackRock moved $348 million in Bitcoin and $117 million in Ethereum to Coinbase Prime for its spot ETFs.Summary
BlackRock, a major global asset manager, deposited $348 million worth of Bitcoin and $117 million worth of Ethereum into Coinbase Prime, its institutional crypto custody and trading platform. These transfers are linked to BlackRock's management of its spot Bitcoin and Ethereum Exchange-Traded Funds (ETFs). This move occurs as BlackRock's iShares Bitcoin Trust (IBIT) has experienced significant recent outflows, totaling around $964 million for the week as of November 20. Coinbase Prime offers secure custody, trading, and financing services, and it continues to see substantial deposits from major financial institutions integrating digital assets.
(Source：Crypto Briefing)