
BlackRock sends $181 million in Bitcoin, Ether to Coinbase amid crypto sell-off
BlackRock deposited $181 million in digital assets on Coinbase Prime today during a slump in crypto markets that pushed Bitcoin and altcoins lower. According to Arkham Intel data, 612 BTC, worth around $41 million, and 68,567 Ethereum, worth approximately $140 million, were transferred from a wallet owned by the leading asset manager. While BlackRock’s transfers may not involve selling and could be part of a dip-buying strategy, they have caught notice amid mixed demand for exchange-traded products and ongoing geopolitical uncertainty. The deposit took place amid a sharp crypto market retreat, with Bitcoin sliding from above $68,000 to approximately $66,300…
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