BlackRock transferred around $182 million in Bitcoin and $91 million in Ethereum to Coinbase Prime, with the assets deposited into Coinbase Prime’s institutional custody and trading platform. On Monday, BlackRock sent 2,019 Bitcoin worth approximately $182 million and 29,928 Ethereum worth around $91 million to Coinbase Prime. After dipping below $85,000 late last week, Bitcoin rebounded past $90,000 ahead of today’s US market open.
BlackRock transferred about $182 million in Bitcoin and $91 million in Ethereum to Coinbase Prime on Monday, with the assets deposited into Coinbase Prime’s institutional custody and trading platform. The moves included 2,019 BTC worth roughly $182 million and 29,928 ETH worth about $91 million. Bitcoin had dipped below $85,000 late last week before rebounding past $90,000 ahead of today’s US market open, underscoring ongoing institutional activity in the space. The transfer illustrates the growing role of major asset managers in custody and trading services as crypto markets evolve.
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