According to Onchain Lens, on January 12, global asset manager BlackRock transferred 3,143 BTC (worth around $285 million) and 7,204 ETH (worth around $22.42 million) to the cryptocurrency exchange Coinbase within 15 minutes.
Significance of the Transaction
This large-scale transfer not only highlights the continued interest of traditional financial institutions in crypto assets but also indicates that BlackRock is deepening its presence in the digital asset space. Although the market has not fully interpreted the details of this transaction, its positive impact on industry confidence is already evident.
Market Reaction
Following the news, both Bitcoin and Ethereum prices saw a slight increase, with investor sentiment positively influenced. Analysts suggest that inflows of institutional capital could become a key driver for future price trends.