BlackRock Invests Heavily in Ethereum and Bitcoin

According to monitoring data from Arkham, a financial analytics platform, global investment giant BlackRock has made substantial cryptocurrency deposits into Coinbase Prime.

The company deposited a total of 26,273 ETH, worth approximately $59.89 million, through its Ethereum exchange-traded fund (ETF) ETHA, and an additional 226.677 BTC, valued at around $17.54 million, via its Bitcoin ETF IBIT.

The transfers bring the total value of BlackRock's investments in Coinbase Prime to over $77 million, marking a significant milestone in the growing trend of institutional investment in digital assets.