Cointime reports: BlackRock transferred 5,320 BTC, worth about $396.49 million, and 40,720 ETH, worth about $86.17 million, to Coinbase within roughly one hour on November 9, for a combined $482.66 million. Onchain Lens tracked the transfers from an address labeled “BlackRock: Coinbase Prime Deposit,” sent in six transactions to Coinbase Prime hot and cold wallets. The purpose of the transfers and the associated products were not disclosed.
BlackRock Moves $482.66M in BTC and ETH to Coinbase in Under an Hour
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