BlackRock Moves $225 Million in BTC and ETH to Coinbase Prime
BlackRock’s latest Bitcoin and Ethereum deposits to Coinbase Prime reflect growing institutional confidence in digital assets and may influence broader market adoption trends.
BTC
ETH
Summary
BlackRock has deposited 1,198 BTC and 15,121 ETH into Coinbase in a recent transaction, valued collectively at about $185 million. The move, observed by Onchain Lens on November 3, continues a series of high-volume transfers by the asset manager, underscoring sustained institutional activity in crypto markets.
Terms & Concepts
- BTC: The native cryptocurrency of the Bitcoin network, widely used as a store of value and medium of exchange.
- ETH: The native cryptocurrency of the Ethereum blockchain, used for transactions and smart contract operations.
- Coinbase: A major cryptocurrency exchange that provides trading and custody solutions for retail and institutional clients.