BlackRock Deposits $290 Million in BTC and ETH to Coinbase Prime

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author: CryptoNews

date: November 04, 2025

1 min. read

BlackRock, the world's largest asset manager, has made a significant move into the cryptocurrency space by depositing a total of $290 million worth of Bitcoin (BTC) and Ethereum (ETH) into Coinbase Prime. Onchainlens reported that BlackRock transferred 2042.8 BTC, valued at approximately $213 million, and 22681 ETH, worth around $79.83 million, to the cryptocurrency exchange's institutional platform. This deposit suggests BlackRock is preparing to engage more actively with these digital assets, potentially for trading, staking, or other institutional investment strategies. The move further solidifies Coinbase Prime as a preferred platform for institutional investors seeking exposure to cryptocurrencies. The substantial deposit from BlackRock underscores the growing acceptance and integration of digital assets within traditional financial institutions. ```