Recently, according to data from blockchain monitoring platform Onchain Lens, global asset management giant BlackRock has transferred a significant amount of cryptocurrency to Coinbase.
The transaction includes 2,563 Bitcoin (BTC) valued at approximately $172.94 million and 49,852 Ethereum (ETH) worth around $97.19 million. Analysts suggest this could be the beginning of even larger movements.
Market observers widely view this as a sign of BlackRock's continued confidence in the crypto market, further bridging traditional finance with the digital asset ecosystem.