BlackRock deposits $286M in BTC to Coinbase

May 28, 2026, 11:41 AM

BlackRock deposited 3,900 BTC ($285.85 million) and 31,702 ETH ($63 million) to Coinbase, according to Onchain Lens. The BTC deposit is believed to be part of the operational process for its spot ETF, IBIT, likely for settling redemptions related to outflows from the fund.

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