BlackRock Transfers $359M in Bitcoin and Ethereum to Coinbase
- BlackRock deposited 2,310 Bitcoin worth $222 million into Coinbase.
- The asset manager also transferred 43,240 Ethereum valued at approximately $137 million.
- The transfers coincide with significant outflows from US-listed spot Bitcoin ETFs, totaling around $867 million.
- Ethereum ETFs experienced additional net outflows of $260 million.
- BlackRock’s IBIT witnessed the largest daily outflow among crypto ETPs.
BlackRock’s substantial deposits of Bitcoin and Ethereum into Coinbase align with notable ETF outflows, highlighting ongoing institutional movements in the cryptocurrency market.
Source (3.2)https://cryptobriefing.com/blackrock-deposits-222m-btc-137m-ether-into-coinbase/?rand=59535
