BlackRock’s Monumental $664M BlackRock Crypto Deposit Sparks Market Optimism
Main Idea
BlackRock made a significant $664 million deposit of Bitcoin and Ethereum into Coinbase Prime, signaling growing institutional involvement in the cryptocurrency market and boosting market optimism.
Key Points
1. BlackRock deposited 101,975 ETH ($372 million) and 2,544 BTC ($292 million) into Coinbase Prime, totaling $664 million.
2. The large-scale deposit highlights the increasing role of traditional financial institutions in the crypto market.
3. This move is seen as a sign of market maturation and the importance of institutional-grade infrastructure.
4. The transaction suggests a shift towards greater liquidity and stability in the crypto market, though challenges like volatility and regulation remain.
5. BlackRock's choice of Coinbase Prime reflects its robust security and institutional-grade services.
Description
BitcoinWorld BlackRock’s Monumental $664M BlackRock Crypto Deposit Sparks Market Optimism A significant event recently unfolded in the cryptocurrency world, grabbing the attention of investors and market watchers alike. Global asset management giant BlackRock made a substantial BlackRock crypto deposit , moving a combined $664 million worth of Bitcoin (BTC) and Ethereum (ETH) into Coinbase Prime. This massive transfer, specifically 101,975 ETH ($372 million) and 2,544 BTC ($292 million), highlig...
Latest News
- Bitcoin ETF Holdings: Brevan Howard’s Astounding $2.3 Billion Disclosure2025-08-15 15:31:05
- Deribit USDC Options: A Revolutionary Leap for Bitcoin and Ether Trading2025-08-15 14:33:16
- Retail Interest Surges: Why Investors Are Pivoting from Bitcoin to Altcoins and Ethereum2025-08-15 14:29:18
- Bybit’s Daily Treasure Hunt Returns with 220,000 USDT Prize Pool and Lower Entry Barriers2025-08-15 14:28:08
- Bitcoin Uptrend: Resilient Against US PPI Shocks2025-08-15 14:26:33