Key Takeaways
- BlackRock deposited $137 million worth of Ether and $222M in Bitcoin into Coinbase on Friday.
- Spot Bitcoin ETFs recorded around $867 million in net outflows yesterday, with Ethereum ETFs posting an additional $260 million.
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BlackRock, the world’s largest asset manager, deposited 2,310 Bitcoin worth $222 million and 43,240 Ethereum worth around $137 million into Coinbase today. The transfer represents the latest institutional movement involving the two leading crypto assets amid ongoing ETF activity.
BlackRock’s recent Bitcoin and Ethereum deposits to Coinbase have sparked speculation about potential selling pressure following ETF outflows.
Roughly $867 million exited US-listed spot Bitcoin ETFs yesterday, alongside $260 million withdrawn from Ethereum ETFs. BlackRock’s IBIT saw the largest daily outflow among crypto ETPs.
