BlackRock has deposited another 3,402 BTC valued at $227.5 million and 15,108 ETH valued at $29.52 million to Coinbase Prime. This deposit is part of BlackRock’s strategy for its spot crypto ETFs, which depend on Coinbase Prime for secure custody and management of assets. Such transactions are common among asset managers like BlackRock, who transfer cryptocurrencies to prime brokers to support the creation and redemption processes of their ETFs, especially as institutional interest in crypto continues to grow.
BlackRock deposits 3,402 Bitcoin and 15,108 Ethereum to Coinbase Prime
