Bullish

BlackRock Acquires $65M in BTC and ETH via Coinbase Prime

05:11

BlackRock buys 1,019 BTC and 301 ETH worth $65.2M through Coinbase Prime, signaling continued institutional accumulation of major crypto assets.

Woofun AI reports that BlackRock has acquired 1,019.27 BTC and 301.77 ETH from Coinbase Prime over the past few hours. The total value of these transactions is approximately $65.21 million.

WOOFUN AI

Impact Assessment · Quick Read

This acquisition highlights persistent institutional demand for Bitcoin and Ethereum, reinforcing their status as primary digital reserve assets. Such consistent buying pressure from major asset managers may support price stability during periods of broader market volatility.
Generated by WOOFUN AI · For reference only, not investment advice

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BlackRock consistently buying more BTC and ETH shows steady institutional confidence. It's reassuring to see steady accumulation rather than panic selling.
Another large block moving from Coinbase to BlackRock. When institutional flows stay steady like this, the market eventually finds its floor without much noise.
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