BlackRock has made a significant move in the crypto market, transferring a substantial amount of digital assets to Coinbase Prime. According to onchain data tracked by Onchain Lens, the asset management giant allocated 1,814.76 BTC—valued at approximately $160 million—along with 15,112 ETH worth roughly $43.75 million to the institutional trading platform.
The transfer of **15,112 ETH** represents a notable institutional positioning, signaling potential strategic accumulation during current market conditions. Combined with the substantial Bitcoin allocation, BlackRock's deposit totaling over $200 million equivalent highlights institutional confidence in major digital assets.
This kind of large-scale capital movement by major institutional players like BlackRock typically reflects their market outlook and can influence broader investor sentiment. The concentration of **15,112 ETH** units underscores the continued institutional interest in Ethereum's ecosystem alongside Bitcoin holdings.
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BlackRock has made a significant move in the crypto market, transferring a substantial amount of digital assets to Coinbase Prime. According to onchain data tracked by Onchain Lens, the asset management giant allocated 1,814.76 BTC—valued at approximately $160 million—along with 15,112 ETH worth roughly $43.75 million to the institutional trading platform.
The transfer of **15,112 ETH** represents a notable institutional positioning, signaling potential strategic accumulation during current market conditions. Combined with the substantial Bitcoin allocation, BlackRock's deposit totaling over $200 million equivalent highlights institutional confidence in major digital assets.
This kind of large-scale capital movement by major institutional players like BlackRock typically reflects their market outlook and can influence broader investor sentiment. The concentration of **15,112 ETH** units underscores the continued institutional interest in Ethereum's ecosystem alongside Bitcoin holdings.