BlackRock deposits $321M in Bitcoin and $102M in Ether to Coinbase Prime
Crypto Briefing
BlackRock moved $321 million in Bitcoin and $102 million in Ether to Coinbase Prime for its spot ETF management.Summary
BlackRock, a major asset manager, deposited approximately 3,722 Bitcoin ($321 million) and 36,283 Ethereum ($102 million) to Coinbase Prime as part of its operational management for its spot Bitcoin and Ethereum ETFs. Coinbase Prime acts as the custodian for these ETFs, handling transfers related to rebalancing and fund movements. These recent deposits follow a period of significant outflows from BlackRock's spot crypto products last week, which saw over $1 billion leave its Bitcoin trust.
(Source：Crypto Briefing)