The post BlackRock deposits $321M in Bitcoin and $102M in Ether to Coinbase Prime appeared on BitcoinEthereumNews.com. Key Takeaways BlackRock deposited $321M in Bitcoin and $102M in Ether to Coinbase Prime as part of ETF management. The deposits are tied to BlackRock’s spot Bitcoin and Ethereum ETFs, allowing traditional investors exposure to crypto. BlackRock, a leading asset management firm, deposited around 3,722 Bitcoin worth $321 million and 36,283 Ethereum worth approximately $102 million to Coinbase Prime today as part of its ongoing ETF operations. The deposits reflect BlackRock’s routine portfolio management activities for its spot Bitcoin and Ethereum ETFs, which allow investors to gain exposure to these crypto assets through traditional exchanges without direct ownership. Coinbase Prime, an institutional platform providing custody and trading services for cryptocurrencies, serves as the custodian for BlackRock’s Bitcoin and Ethereum ETFs. The platform handles transfers related to fund redemptions and portfolio rebalancing for large financial players. The latest transfers follow a week of heavy outflows from BlackRock’s spot crypto investment products, including more than $1 billion leaving its Bitcoin trust and $559 million exiting its Ethereum trust. Source: https://cryptobriefing.com/blackrock-deposits-bitcoin-ether-coinbase-prime-etf-operations/The post BlackRock deposits $321M in Bitcoin and $102M in Ether to Coinbase Prime appeared on BitcoinEthereumNews.com. Key Takeaways BlackRock deposited $321M in Bitcoin and $102M in Ether to Coinbase Prime as part of ETF management. The deposits are tied to BlackRock’s spot Bitcoin and Ethereum ETFs, allowing traditional investors exposure to crypto. BlackRock, a leading asset management firm, deposited around 3,722 Bitcoin worth $321 million and 36,283 Ethereum worth approximately $102 million to Coinbase Prime today as part of its ongoing ETF operations. The deposits reflect BlackRock’s routine portfolio management activities for its spot Bitcoin and Ethereum ETFs, which allow investors to gain exposure to these crypto assets through traditional exchanges without direct ownership. Coinbase Prime, an institutional platform providing custody and trading services for cryptocurrencies, serves as the custodian for BlackRock’s Bitcoin and Ethereum ETFs. The platform handles transfers related to fund redemptions and portfolio rebalancing for large financial players. The latest transfers follow a week of heavy outflows from BlackRock’s spot crypto investment products, including more than $1 billion leaving its Bitcoin trust and $559 million exiting its Ethereum trust. Source: https://cryptobriefing.com/blackrock-deposits-bitcoin-ether-coinbase-prime-etf-operations/