BlackRock Sends $114M to Coinbase.

BlackRock has moved 1,044 $BTC and 7,557 $ETH roughly $114 million to Coinbase.

This move is probably a passive custody move and an exchange-side positioning with real market implications. Flows of this size typically don't sit idle; they either become liquidity or pressure.

#BTC #ETH #InstitutionalCapital