BlackRock Moves $192M in Bitcoin to Coinbase Following Last Week’s $435M Spend
Key receivers
BlackRock transferred 2,200 Bitcoin and a large amount of Ethereum to Coinbase Prime. Bitcoin remained volatile, rising above $90,000 over the weekend before settling back to $87,703.
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BlackRock, the world's largest asset manager, placed more than 2,200 bitcoins worth $192 million and $22 million in Ethereum for Coinbase Prime today, according to data from Arkham Intelligence.
The latest moves come after the company's flagship Bitcoin ETF posted a net outflow of $435 million last week. Recent weeks have generally brought inflows that have been clipped, but outflows have generally outweighed inflows.
BlackRock's Ethereum ETF ( ETHA ) also saw extended investor withdrawals, including $69 million last week.
Bitcoin saw significant price swings, climbing above $90,000 over the weekend before easing to $87,703 on CoinGecko. Ethereum dropped below $3,000 after earlier gains.
