BlackRock Invests $480 Million in Bitcoin and Ethereum on Coinbase

Major asset management firm, BlackRock, has made a significant move by depositing over $480 million worth of Bitcoin (BTC) and Ethereum (ETH) into Coinbase. This transaction represents a substantial investment from BlackRock, one of the world’s leading financial institutions, demonstrating growing institutional interest in cryptocurrencies. The transfer involved 3,064 BTC and 64,707 ETH, totaling $280 million and $198.7 million respectively.