BlackRock deposits $186M in Bitcoin to Coinbase Prime
Crypto Briefing
BlackRock transferred $186 million in Bitcoin to Coinbase Prime for its spot Bitcoin ETF management.Summary
BlackRock, the world's largest asset manager, deposited $186 million worth of Bitcoin to Coinbase Prime as part of its ongoing management of its spot Bitcoin ETF operations. This transfer to Coinbase Prime, an institutional custody and trading platform, suggests portfolio adjustments, likely in response to recent market activity or redemptions, as the fund previously saw $137 million in net outflows last week. These regular institutional transfers underscore BlackRock's active management of its significant crypto ETF holdings.
(Source：Crypto Briefing)