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.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
15 Likes
Reward
15
4
Repost
Share
Comment
0/400
wagmi_eventually
· 12-08 10:20
BlackRock has finally made a move. Now the momentum of institutions entering the market really feels different.
View OriginalReply0
DegenTherapist
· 12-05 13:44
BlackRock is playing it like this... Institutions are really quietly accumulating.
View OriginalReply0
AirdropChaser
· 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.
View OriginalReply0
HappyToBeDumped
· 12-05 13:25
BlackRock's move here... Institutions entering the market really make a difference. Retail investors should wake up.
BlackRock Transfers $120M in Bitcoin and $2.5M in Ethereum to Institutional Platform
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.