Bitcoin BlackRock Deposits $200M to Coinbase

BlackRock Moves $200M in Bitcoin and $29M in Ethereum to Coinbase Prime

• BlackRock transferred approximately $200 million in Bitcoin and $29 million in Ethereum to Coinbase Prime.
• The transfers coincide with ongoing net outflows from BlackRock’s Bitcoin and Ethereum ETFs.
• The IBIT Bitcoin ETF experienced around $157 million in net redemptions recently.
• The ETHA Ethereum ETF saw an additional $25 million withdrawn.
• Despite outflows, the IBIT fund remains a leader among Bitcoin investment products.

BlackRock’s recent transfer of substantial funds into Coinbase Prime occurs amid significant outflows from its Bitcoin and Ethereum ETFs, highlighting ongoing market dynamics for these investment vehicles.