BlackRock, the world’s largest asset manager, deposited approximately 2,043 Bitcoin (BTC) and 22,681 Ethereum (ETH) into Coinbase Prime on Tuesday, November 4.
The transfer was worth $213 million in Bitcoin and $80 million in Ethereum, or $293 million in total, according to data Finbold reviewed on Arkham.
As of the time of writing, BlackRock holds $97 billion in crypto, of which 86% are in BTC and around 14% in ETH.
As usual, the deposit has sparked significant interest among traders regarding potential shifts in institutional flows, as well as fear that the asset manager could begin dumping the two flagship currencies.
The move could potentially be a preparation for some upcoming market plays, most likely with short-term volatility spikes now that BlackRock has announced a new exchange-traded fund (ETF) launch in Australia.
Read more: finbold.com
