BlackRock Ethereum deposit
BlackRock has deposited 34,777 Ethereum ($ETH) into Coinbase, with the total value estimated at around $115 million. This significant transaction highlights BlackRock’s ongoing involvement in the cryptocurrency market. The deposit reflects the firm’s strategy to engage with digital assets, which has gained traction among institutional investors. Coinbase, a major cryptocurrency exchange, serves as the platform for this transaction, indicating a potential shift in how large financial institutions are approaching cryptocurrencies. The move may also signal confidence in the future of Ethereum and its market performance.
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