BlackRock Transfers $465M in Bitcoin and Ethereum to Coinbase, Signaling Market Confidence

BlackRock, the world’s largest asset manager, has transferred approximately $465 million in Bitcoin and Ethereum to Coinbase Prime on November 21st. This strategic move follows significant outflows from crypto ETFs in November, highlighting a dynamic market environment impacting both Bitcoin and Ethereum prices. Experts attribute this action to Blackrock’s commitment to portfolio management in the face of market volatility.