BlackRock moves $182M in Bitcoin and $91M in Ethereum to Coinbase Prime
Crypto Briefing
BlackRock transferred $182 million in Bitcoin and $91 million in Ethereum to Coinbase Prime's institutional platform.Summary
BlackRock recently moved substantial cryptocurrency assets, specifically 2,019 Bitcoin valued at approximately $182 million and 29,928 Ethereum worth about $91 million, to Coinbase Prime on Monday. These assets were deposited into Coinbase Prime's institutional custody and trading platform, movements that markets often monitor closely for subsequent trading activity. This transfer occurred while BlackRock's crypto investment products experienced significant outflows last week, with Bitcoin ETFs seeing over $240 million in net outflows and Ethereum funds shedding roughly $558 million. Despite these outflows, Bitcoin rebounded past $90,000 ahead of the US open, boosting overall crypto market sentiment.
(Source：Crypto Briefing)