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Crypto

BlackRock Drops $285 Million on ETH and BTC via Coinbase Prime

Guavy AI Editorial Team
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BlackRock has made a significant move in the cryptocurrency market by depositing 54,096 ETH, valued at $131.7 million, and 2,015 BTC, worth $153.8 million, into Coinbase Prime.

This substantial investment highlights growing institutional interest in cryptocurrencies, as reported by @lookonchain.

The implications of this deposit could resonate throughout the market, potentially attracting further institutional investments and influencing trading strategies.

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