Important points
- BlackRock deposited 2,043 BTC and 22,681 ETH into Coinbase.
- The asset is worth approximately $213 million in Bitcoin and $80 million in Ethereum at current prices.
BlackRock, the world’s largest asset manager, deposited approximately 2,043 BTC and 22,681 ETH into Coinbase today, according to data tracked by Arkham Intelligence.
Based on current market prices, this deposit is worth approximately $213 million in Bitcoin and $80 million in Ethereum.
BlackRock regularly deposits crypto assets with Coinbase Prime, indicating continued institutional investor involvement in the digital asset market. Asset managers use Coinbase as the primary custodian for crypto-related activities such as ETF operations and asset tokenization efforts.