BlackRock Transfers $120M in Bitcoin and $2.5M in Ethereum to Institutional Platform

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Source: CryptoBriefing Original Title: BlackRock transfers $120M in Bitcoin, $2.5M in Ethereum to Coinbase Prime Original Link:

Overview

BlackRock, the world’s largest asset manager, transferred around $120 million in Bitcoin and $2.5 million in Ethereum to a specialized institutional platform today. The transfers highlight continued institutional portfolio adjustments as the firm manages its crypto holdings.

Platform Details

The receiving platform is a specialized service for institutional investors, providing secure custody and high-volume trading services for digital assets. It has received multiple transfers from BlackRock as part of the asset manager’s crypto-related activities.

Ongoing Portfolio Management

BlackRock has been conducting regular transfers of Bitcoin and Ethereum to institutional platforms as part of its digital asset holdings management. The firm operates spot Bitcoin and Ethereum ETFs, requiring ongoing portfolio adjustments through institutional trading services.

ETF Performance

BlackRock’s Bitcoin ETF saw about $113 million in net outflows on Thursday, while its Ethereum ETF recorded $28 million in inflows.

BTC2.39%
ETH6.48%
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wagmi_eventuallyvip
· 12-08 10:20
BlackRock has finally made a move. Now the momentum of institutions entering the market really feels different.
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DegenTherapistvip
· 12-05 13:44
BlackRock is playing it like this... Institutions are really quietly accumulating.
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AirdropChaservip
· 12-05 13:27
BlackRock’s move shows that institutions are truly unmatched when it comes to entering the market; the main players for the next cycle are basically locked in.
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HappyToBeDumpedvip
· 12-05 13:25
BlackRock's move here... Institutions entering the market really make a difference. Retail investors should wake up.
View OriginalReply0
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