BlackRock Transfers $366 Million in Bitcoin and Ethereum to Coinbase Prime

Investment giant BlackRock has moved a significant amount of both Bitcoin (BTC) and Ethereum (ETH), totaling over $366 million, into Coinbase Prime. Blockchain data shows approximately 1,885 BTC valued at $111.66 million and 59,606 ETH worth $254.43 million were deposited about four hours ago. This move, considered significant by the crypto community, suggests a potential rebalance of BlackRock’s portfolio. Experts speculate that this transfer could signal a sell-off or liquidation strategy.