BlackRock, the world's largest asset manager, has deposited a substantial amount of cryptocurrency into Coinbase, a leading compliant exchange. The deposit consists of 2,400 bitcoins (BTC) valued at $149.61 million and 38,337 Ethereum (ETH) valued at $63.38 million, bringing the total to $212.99 million. BlackRock indicated that further deposits may follow. BlackRock manages over $10 trillion in assets. Coinbase, as a publicly traded exchange, provides custody and trading services for institutions. The specific purpose of this deposit has not been disclosed.
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