BlackRock has made a significant move by depositing 1,198 Bitcoin and 15,121 Ether on Coinbase as part of its institutional digital asset strategy.
As of October 31, the firm's iShares Bitcoin Trust holds over 801,000 Bitcoin, while its iShares Ethereum Trust manages nearly 4 million Ethereum. This illustrates BlackRock's ongoing reliance on Coinbase Prime for facilitating large-scale transactions in the digital asset market.
Investors should note that BlackRock's strategy includes actively shifting capital between Bitcoin and Ethereum, which indicates a dynamic approach to managing digital assets.