BlackRock Moves $135M in Ethereum to Coinbase Prime
- BlackRock transferred 44,140 Ethereum, valued at approximately $135 million, to Coinbase Prime.
- This transaction is part of BlackRock’s ongoing crypto operations related to its spot Ethereum ETF.
- Coinbase Prime is used by institutions for secure digital asset custody and trading.
- BlackRock’s Ethereum ETF saw around $89 million in net outflows recently, contrasting with gains from Fidelity and Grayscale funds.
BlackRock’s recent transfer of $135 million in Ethereum to Coinbase Prime underscores its active involvement in institutional crypto activities, particularly concerning its spot Ethereum ETF management.
Source (3.2)https://cryptobriefing.com/blackrock-ethereum-transfer-coinbase-prime/?rand=59535
