BlackRock has just deposited 2,292 BTC and 9,976 ETH into Coinbase Prime, totaling nearly $230 million.
Data recorded by Lookonchain on December 24th shows a large inflow of cryptocurrency from BlackRock into Coinbase Prime's trading/custody infrastructure.
- BlackRock deposited 2,292 BTC worth $199.8 million into Coinbase Prime.
- BlackRock deposited 9,976 ETH worth $29.23 million into Coinbase Prime.
- The total value of the two deposits is nearly $230 million, according to Lookonchain (December 24).
How much BTC and ETH has BlackRock deposited into Coinbase Prime?
According to Lookonchain, BlackRock has just deposited 2,292 bitcoins and 9,976 ETH into Coinbase Prime, equivalent to $199.8 million and $29.23 million respectively.
The transaction details included 2,292 BTC ($199.8 million) and 9,976 ETH ($29.23 million). Combined based on the published figures, the total value reached approximately $229.03 million, often described as close to $230 million.
The information was recorded on December 24th. The report does not provide the wallet address, the time in hours, or the specific purpose of the deposit; it only states the amount of assets and their valuation at the time of reporting.
What does this cash flow reveal about BlackRock's operations?
The deposit of cryptocurrencies into Coinbase Prime indicates that BlackRock is moving BTC and ETH into a prime platform for institutional trading and custody.
Coinbase Prime is commonly used by institutions to manage assets, execute transactions, or optimize custodial operations. In its report, Lookonchain only confirmed the deposit action and size, not whether it was a new purchase, a sale, or an internal transfer.
Original content with note: This content is for informational purposes only and does not constitute investment advice.
