Derived from BitJie, BlackRock transferred approximately 2,019 BTC (worth $182 million) and 29,928 ETH (worth $91 million) to Coinbase Prime’s institutional custody and trading platform on Monday, according to blockchain data tracked by Arkham Intelligence. The move comes as BlackRock’s Bitcoin ETF saw a net outflow of over $240 million and its Ethereum fund a net outflow of $558 million last week, contributing to a $952 million loss in crypto investment products. Bitcoin recently rebounded above $90,000 after falling below $85,000, lifting overall market sentiment with crypto’s total market cap rising 1.5% to $3.1 trillion in 24 hours.
BlackRock Transfers $182M in Bitcoin and $91M in Ethereum to Coinbase Prime
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Summary
BlackRock moved $182M in Bitcoin and $91M in Ethereum to Coinbase Prime, as tracked by Arkham Intelligence. The transfer included 2,019 BTC and 29,928 ETH. The move follows a $952M loss in crypto investment products last week. Bitcoin recently rose above $90,000, lifting market sentiment. Altcoins to watch may benefit from improved conditions. The fear and greed index shows cautious optimism as the market cap hit $3.1T.
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