Key Takeaways
- BlackRock deposited $115 million in Ethereum into Coinbase on November 5.
- The deposit is a part of BlackRock’s broader technique to make use of Coinbase Prime as a custodian for its crypto initiatives, together with ETF operations.
BlackRock, the worldwide asset administration big, deposited $115 million in Ethereum into Coinbase Prime immediately, in response to on-chain knowledge.
Coinbase serves as a key cryptocurrency platform and first custodian for institutional digital asset actions, together with buying and selling and liquidity administration for main asset managers getting into the crypto house.
The most recent transfers come as BlackRock’s Ethereum ETF (ETHA) notched its fourth consecutive day of redemptions, with $111 million exiting the fund yesterday.
