BlackRock Deposits Massive $387 Million in Crypto, Raises Institutional Questions

Asset manager BlackRock has moved a staggering $387 million worth of Bitcoin and Ethereum to Coinbase Prime in the last three hours, raising eyebrows across the crypto community. The move included 2,610 BTC valued at approximately $250.2 million and 43,240 ETH worth roughly $136.7 million. These funds were sent to Coinbase Prime, a platform known for catering to institutional investors, suggesting strategic activity on a large scale. 💰