BlackRock deposits $325M in BTC, $35.1M in ETH to Coinbase Prime

BlackRock, the world's largest asset manager and a spot Bitcoin ETF issuer, has deposited 5,212 BTC, worth $325 million, and 20,000 ETH, worth $35.13 million, into Coinbase Prime, according to Onchain Lens. The deposit is seen as part of the operational process for its spot crypto ETFs, such as handling settlements and redemptions related to fund inflows and outflows.