BlackRock Invests in Ethereum and Bitcoin through Coinbase Prime
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 enables seamless integration between traditional finance and blockchain assets for institutional clients.
- The platform serves as a key custodian for BlackRock's digital asset activities.
- The custody service is central to BlackRock's cryptocurrency management operations as the firm expands its ETF offerings.
Author's summary: BlackRock invests in Ethereum and Bitcoin via Coinbase Prime.