BlackRock puts $200M in Bitcoin and $29M in Ethereum into Coinbase Prime.
Key receivers
BlackRock Transfers Bitcoin and Ethereum to Coinbase Prime. Its IBIT and ETHA ETFs continue to receive net investor inflows.
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BlackRock deposited roughly $200 million in Bitcoin and $29 million in Ethereum into Coinbase Prime on Wednesday, according to data from Arkham Intelligence.
The moves coincide with a period of equity interest in BlackRock's Bitcoin and Ethereum ETFs, where outflows have outpaced inflows in recent weeks.
BlackRock's flagship Bitcoin ETF ( IBIT ) saw roughly $157 million in net redemptions yesterday, and its Ethereum ETF ( ETHA ) saw an additional $25 million exited by offshore investors.
The IBIT Fund still leads the market for Bitcoin investment products. The Wall Street giant highlighted that Bitcoin is one of the top investment trends for 2025, alongside T-bills and major tech stocks.
