BlackRock moves $135M in Ethereum to Coinbase Prime
PositiveCryptocurrency

- BlackRock has transferred $135 million in Ethereum to Coinbase Prime, marking a significant step in the firm's ongoing integration of cryptocurrency into its investment strategies. This move reflects the growing institutional trust in digital assets and highlights BlackRock's commitment to adapting to the evolving financial landscape.
- This transfer is part of BlackRock's broader strategy to enhance its digital asset offerings, which have become increasingly important as the firm seeks to capitalize on the rising interest in cryptocurrencies among institutional investors.
- The transaction occurs amid a backdrop of fluctuating market dynamics, where institutional demand for cryptocurrencies is on the rise, as evidenced by recent reports of increased Bitcoin purchases by US institutions and the launch of BlackRock's Bitcoin ETF, which has seen substantial trading volumes.
— via World Pulse Now AI Editorial System







