- BlackRock transfers significant Bitcoin and Ethereum holdings to Coinbase Prime.
- The transfer included 3,290 Bitcoin and 5,692 Ethereum.
Asset management giant BlackRock deposited 3,290 Bitcoin worth about $303 million and 5,692 Ethereum valued at approximately $18 million into Coinbase Prime today, according to Arkham Intelligence data.
BlackRock manages investment products, including spot Bitcoin and Ethereum ETFs, which have seen outflows predominantly amid mixed market sentiments in recent weeks.
BlackRock’s Bitcoin ETF (IBIT) saw nearly $71 million in outflows yesterday, marking four consecutive days of withdrawals, while its Ethereum ETF experienced around $80 million in redemptions, according to Farside Investors.