BlackRock Transfers $611M in Bitcoin and Ethereum to Coinbase Prime Amid Crypto Market Decline

BlackRock has continued to scale back its cryptocurrency exposure, transferring 7,160 BTC (about $447 million) and 98,850 ETH (roughly $164 million) to Coinbase Prime over the past two days.

The move comes amid broader weakness in the crypto market, with Bitcoin down 3.7% and Ethereum down 6.1% over the past week.

Source: Lookonchain