BlackRock sends $382M in Bitcoin and $220M in Ethereum to Coinbase
BlackRock transferred $382 million in Bitcoin and $220 million in Ethereum to Coinbase Prime custody.Summary
BlackRock recently moved substantial amounts of cryptocurrency to Coinbase Prime, specifically depositing 4,356 Bitcoin valued at $382 million and 74,973 Ethereum worth $220 million, according to Arkham Intelligence data. These large transfers highlight ongoing institutional engagement with major cryptocurrencies via Coinbase's custody platform. This activity occurred despite mixed recent flows in BlackRock's digital asset ETFs; for instance, the Bitcoin ETF experienced over $210 million in net outflows on Tuesday, and the Ethereum ETF saw net redemptions surpassing $220 million. However, the article notes that daily ETF flows, which reflect share creation and redemption, may lag actual market activity and investor sentiment.
(Source：Crypto Briefing)