BLACKROCK PLACES $284M IN $BTC & $ETH ON COINBASE 🔔

BlackRock transferred 3,581 BTC and 9,876 ETH to Coinbase, representing roughly $284.6 million and $22.3 million respectively. The move underscores continued institutional appetite for on‑chain assets and may influence custodial liquidity on the exchange.

The deposit signals confidence in Coinbase’s custodial infrastructure and could tighten on‑chain supply, potentially supporting short‑term price resilience for $BTC and $ETH. Market participants may watch for subsequent allocation patterns or staking activity, which could affect circulating metrics. Traders should monitor order‑book depth and any related macro cues, as large institutional inflows often precede strategic positioning rather than immediate market moves.

Not financial advice. Manage your risk.

#Bitcoin #Ethereum #InstitutionalInvestor #CryptoNews #OnChain

📊

ETHUSDT

Perp

1,693.66

+0.62%