BlackRock deposits $200M in Bitcoin and $29M in Ethereum to Coinbase Prime
Crypto Briefing
BlackRock moved $200 million in Bitcoin and $29 million in Ethereum to Coinbase Prime amid recent ETF outflows.Summary
BlackRock recently deposited approximately $200 million worth of Bitcoin and $29 million worth of Ethereum into Coinbase Prime, according to data from Arkham Intelligence. These transfers occurred while BlackRock's crypto exchange-traded funds (ETFs) have been experiencing net investor outflows. Specifically, the flagship Bitcoin ETF (IBIT) saw about $157 million in net redemptions on a recent day, and the Ethereum ETF (ETHA) experienced an additional $25 million withdrawal. Despite these recent outflows, BlackRock's IBIT fund remains the market leader among Bitcoin investment products, and the firm has identified Bitcoin as a key investment theme for 2025.
(Source：Crypto Briefing)