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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ETH-0,47%
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blocksnarkvip
· 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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SoliditySurvivorvip
· 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_benefitsvip
· 3h ago
Blackstone's move this time, it seems like they're really going to hold it themselves.
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