BlackRock Transfers $120M in Bitcoin and $2.5M in Ethereum to Coinbase Prime
- BlackRock transferred approximately $120 million in Bitcoin and $2.5 million in Ethereum to Coinbase Prime.
- The transactions are part of ongoing institutional portfolio adjustments involving cryptocurrency holdings.
- Coinbase Prime is a specialized platform providing secure custody and high-volume trading services for digital assets.
- BlackRock’s Bitcoin ETF experienced about $113 million in net outflows, while its Ethereum ETF recorded $28 million in inflows on Thursday.
BlackRock, the world’s largest asset manager, continues to adjust its crypto holdings by transferring significant amounts of Bitcoin and Ethereum to Coinbase Prime. The firm’s Bitcoin ETF faced substantial outflows, contrasting with the inflows seen in its Ethereum ETF.
Source (3.2)https://cryptobriefing.com/blackrock-transfers-bitcoin-ethereum-coinbase/?rand=59535
