BlackRock just moved significant crypto holdings off Coinbase Prime. The institutional giant accumulated 6,647 BTC worth approximately $638.1 million and 4,179 ETH valued at $13.76 million in a single transaction. This transfer signals continued institutional appetite for digital assets, particularly Bitcoin and Ethereum, the two largest cryptocurrencies by market cap. Such large-scale movements from established platforms often indicate strategic repositioning or self-custody preferences among major players. Market observers are closely tracking whether this reflects broader institutional accumulation trends or tactical rebalancing strategies.
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blocksnark
· 3h ago
BlackRock's move to self-custody this time, is it really a lack of trust in exchanges or just a way to show muscle?
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SoliditySurvivor
· 3h ago
The big whales are causing trouble again, and they are getting better and better at self-custody.
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fren_with_benefits
· 3h ago
Blackstone's move this time, it seems like they're really going to hold it themselves.
BlackRock just moved significant crypto holdings off Coinbase Prime. The institutional giant accumulated 6,647 BTC worth approximately $638.1 million and 4,179 ETH valued at $13.76 million in a single transaction. This transfer signals continued institutional appetite for digital assets, particularly Bitcoin and Ethereum, the two largest cryptocurrencies by market cap. Such large-scale movements from established platforms often indicate strategic repositioning or self-custody preferences among major players. Market observers are closely tracking whether this reflects broader institutional accumulation trends or tactical rebalancing strategies.