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BlackRock Moves $110M in Bitcoin and $78M in Ethereum to Custody Platform
Source: CryptoNewsNet Original Title: BlackRock moves $110M in Bitcoin and $78M in Ethereum to Coinbase Prime Original Link: https://cryptonews.net/news/market/32102071/
Overview
BlackRock deposited 1,198 Bitcoin worth around $110 million and 24,792 Ethereum worth approximately $78 million to a major compliant custody platform today, according to Arkham Intelligence data.
Market Context
The asset manager’s latest transfers occurred amid Bitcoin’s rally to $92,000. The digital asset was trading at $91,767 at press time, up approximately 3% in the last 24 hours, per CoinGecko.
Significance
BlackRock’s on-chain movements often draw scrutiny given the firm manages the world’s leading Bitcoin and Ethereum investment products.
Recent ETF Performance
Its ETFs have shown mixed momentum in recent weeks:
These transfers highlight the ongoing dynamics between institutional adoption and investor sentiment toward crypto asset ETFs.