BlackRock transfers $204 million in digital currency to Coinbase, causing speculation amidst market observers. Learn more about this significant move.
BlackRock has transferred approximately 18,168 Ethereum (ETH) and 1,800 Bitcoin (BTC) to the Coinbase centralized platform, totaling around $44 million and $160 million. This transfer, completed in a short period, has captured the attention of market observers. Although BlackRock has not issued an official statement regarding the purpose of this transfer, analysts believe it was likely done to rebalance the tradable ETF portfolios of the company. The transfer coincided with the recent slump in the digital currency market following Trump’s tariff threats, sparking various speculations on social media networks.
