BlackRock Invests in Ethereum and Bitcoin through Coinbase Prime
BlackRock has deposited $364 million in Ethereum and $77.67 million in Bitcoin to Coinbase Prime.
This move is part of the global asset manager's efforts to bolster liquidity for its crypto ETFs amidst fluctuating market conditions.
Coinbase Prime serves as a key custodian for BlackRock's digital asset activities, enabling seamless integration between traditional finance and blockchain assets for institutional clients.
Coinbase Prime has become central to BlackRock's cryptocurrency management operations as the firm expands its ETF offerings.
- $364 million in Ethereum deposited
- $77.67 million in Bitcoin deposited
- Coinbase Prime provides custody services for BlackRock's digital assets
Author's summary: BlackRock invests heavily in Ethereum and Bitcoin via Coinbase Prime.