BlackRock's moves into Coinbase Prime signal a seismic shift: Institutional adoption is legitimizing crypto, driving stability and attracting more conservative investors.
BlackRock, Coinbase, and Institutional Adoption: A Crypto Game Changer
The crypto world is buzzing! BlackRock's significant deposits into Coinbase Prime are more than just transactions; they're a powerful signal of institutional adoption. This trend is rapidly transforming the crypto landscape, so let's dive in!
BlackRock's Big Move: Validating Crypto's Legitimacy
On September 29, 2025, BlackRock made substantial deposits of Bitcoin (BTC) and Ethereum (ETH) into Coinbase Prime. Blockchain analytics reported BlackRock transferred approximately 49,607.8 ETH, valued at around $206.17 million, and 340.5 BTC, worth about $38.18 million, to Coinbase Prime. This move sent Coinbase's stock soaring and underscored the growing acceptance of digital assets by traditional finance.
Market Impact: A Bullish Signal
The market responded positively. Coinbase (NASDAQ: COIN) jumped 6.85% to close at $333.99. Bitcoin briefly surged above $112,000, and Ethereum reclaimed the $4,000 mark. While there were some ETF outflows, the overall sentiment remained bullish, fueled by factors like the
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