BlackRock Invests in Ethereum and Bitcoin
BlackRock has deposited $364 million in Ethereum and $77.67 million in Bitcoin to Coinbase Prime.
According to on-chain data tracked by Lookonchain, this investment aims to bolster liquidity for its crypto ETFs amid fluctuating market conditions.
Coinbase Prime enables seamless integration between traditional finance and blockchain assets for institutional clients.
- $364 million in Ethereum
- $77.67 million in Bitcoin
Coinbase Prime serves as a key custodian for BlackRock's digital asset activities, central to its cryptocurrency management operations as the firm expands its ETF offerings.
Author's summary: BlackRock invests in Ethereum and Bitcoin through Coinbase Prime.