BlackRock moves $358M in Bitcoin to Coinbase as price drops toward $69,000

BlackRock, the world’s largest asset manager, depo

BlackRock, the world’s largest asset manager, deposited around 5,080 Bitcoin worth approximately $358 million and 27,196 Ethereum valued at about $57 million into Coinbase Prime this morning, according to Arkham Intelligence data

Bitcoin is now down over 20% year-to-date in 2026. Ethereum has fared worse, falling roughly 30% since January.

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