Key Takeaways
- BlackRock transferred $120 million in Bitcoin and $2.5 million in Ethereum to Coinbase Prime.
- These transactions are part of ongoing institutional portfolio adjustments involving cryptocurrency holdings.
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BlackRock, the world’s largest asset manager, transferred around $120 million in Bitcoin and $2.5 million in Ethereum to Coinbase Prime today. The transfers highlight continued institutional portfolio adjustments as the firm manages its crypto holdings.
Coinbase Prime, a specialized platform for institutional investors, provides secure custody and high-volume trading services for digital assets. The platform has received multiple transfers from BlackRock as part of the asset manager’s crypto-related activities.
BlackRock has been conducting regular transfers of Bitcoin and Ethereum to Coinbase Prime as part of its digital asset holdings management. The firm operates spot Bitcoin and Ethereum ETFs, requiring ongoing portfolio adjustments through institutional platforms.
BlackRock’s Bitcoin ETF saw about $113 million in net outflows on Thursday, while its Ethereum ETF recorded $28 million in inflows.