
BlackRock moved $640 million in crypto assets to Coinbase Prime over two days, with deposits of 44,774 ETH and 900 BTC on September 9, following similar moves on September 8.
BlackRock is an investment company that offers its services to institutions, intermediaries, foundations, and individual investors.
BlackRock, Inc. is an American global investment management corporation based in New York City. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is the world’s largest asset manager, with $7.4 trillion in assets under management as of end-Q4 2019. BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries. Due to its power, and the sheer size and scope of its financial assets and activities, BlackRock has been called the world’s largest shadow bank.
BlackRock moved $640 million in crypto assets to Coinbase Prime over two days, with deposits of 44,774 ETH and 900 BTC on September 9, following similar moves on September 8.
Macro hedge fund Brevan Howard disclosed a $2.3 billion position in BlackRock’s Bitcoin ETF, representing over 20% of its total portfolio holdings.
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