BlackRock withdraws $127M in BTC and ETH from Coinbase Prime

BlackRock withdrew 1,150 BTC ($95.43 million) and 11,800 ETH ($31.52 million) from Coinbase Prime, according to Onchain Lens. As Coinbase Prime is a prime brokerage platform that provides trading, custody and financing services for institutional investors, the assets may also be intended for uses other than direct investment.