Recently, the renowned institution BlackRock has once again caught the attention of the cryptocurrency market. According to Lookonchain monitoring, on February 17, BlackRock's ETF address deposited 1,701 BTC, worth approximately $115.2 million, and 22,661 ETH, worth around $44.5 million, into Coinbase Prime. This transaction highlights the continued interest of institutional players in the crypto space.
This move underscores how institutional investors are actively expanding their exposure to digital assets. Coinbase, as a well-known trading platform, clearly plays a pivotal role in this process. While the exact motivation behind the transaction remains unclear, analysts suggest it could be linked to portfolio rebalancing or long-term investment strategies.