BlackRock has recently deposited 3,402 Bitcoin, valued at $234.3 million, and 30,216 Ethereum, worth $60.83 million, into Coinbase. This move illustrates the growing trend of institutional adoption of cryptocurrencies as major asset managers are incorporating digital assets into their ETF offerings to satisfy increasing demand. Notably, exchanges like Coinbase are strengthening their roles as custodians, supporting the integration of traditional financial firms with crypto platforms to improve liquidity and accessibility for investors.
BlackRock transfers $234.3M in Bitcoin and $60.83M in Ethereum to Coinbase
