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 BlackRock's crypto ETFs amidst fluctuating market conditions.
Coinbase Prime serves as a key custodian for BlackRock's digital asset activities, enabling seamless integration between traditional finance and blockchain assets for institutional clients.
The platform has become central to BlackRock's cryptocurrency management operations as the firm expands its ETF offerings.
- $364 million invested in Ethereum
- $77.67 million invested in Bitcoin
Author's summary: BlackRock invests heavily in Ethereum and Bitcoin through Coinbase Prime.