BlackRock Moves $673M in BTC & ETH to Coinbase Prime
BlackRock deposits over $673M in BTC and ETH to Coinbase Prime, signaling increased crypto activity.
- BlackRock transfers 4,653 BTC and 57,455 ETH to Coinbase Prime.
- Total deposit value exceeds $673 million.
- Move reflects growing institutional crypto engagement.
Massive Crypto Transfer by BlackRock
In a significant crypto market development, investment giant BlackRock has moved a staggering $673 million worth of Bitcoin and Ethereum to Coinbase Prime, a platform designed for institutional crypto trading and custody.
The transfer includes 4,653 BTC, valued at approximately $478.5 million, and 57,455 ETH, worth around $194.9 million. These sizable transactions indicate that BlackRock is not just observing the crypto space—it’s actively participating in it.
Why It Matters
Coinbase Prime is tailored specifically for institutions looking for secure and compliant digital asset trading and custody solutions. BlackRock’s use of this platform confirms that the world’s largest asset manager is aligning more closely with regulated, transparent infrastructure as it expands its crypto exposure.
While the company has already made headlines this year with its Bitcoin ETF and growing digital asset strategy, this direct movement of funds to Coinbase Prime hints at further activity behind the scenes—possibly rebalancing, staking, or deeper engagement with on-chain protocols.
Institutional Confidence on the Rise
This isn’t just a routine transfer—it’s a statement. Institutional trust in crypto markets is increasing, and BlackRock’s active moves underscore a broader trend: crypto is becoming a serious asset class for the world’s largest financial players.
As traditional firms like BlackRock deepen their on-chain presence, it also helps validate the infrastructure and regulation efforts supporting crypto’s mainstream adoption.
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