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Top asset management team helps you profit without hassle
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Stake cryptos to earn in PoS products
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HOT
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20 USDT
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BlackRock moves $192M in Bitcoin to major platform following last week's $435M outflow
Source: CryptoNewsNet Original Title: BlackRock moves $192M in Bitcoin to Coinbase following last week’s $435M outflow Original Link: Key Takeaways
Content
BlackRock, the world’s largest asset manager, deposited over 2,200 Bitcoin worth around $192 million and $22 million in Ethereum to a major digital asset platform today, according to data from Arkham Intelligence.
The latest transfers come after IBIT, the company’s flagship Bitcoin ETF, recorded $435 million in net outflows last week. Recent weeks have brought choppy flows overall, but outflows have generally outweighed inflows.
BlackRock’s Ethereum ETF (ETHA) has also seen extended investor withdrawals in recent weeks, including $69 million last week.
Bitcoin has seen sharp price swings, climbing above $90,000 over the weekend before easing to $87,703, per CoinGecko. Ethereum likewise pulled back below $3,000 after earlier gains.