BlackRock Deposits 12,097 Bitcoins into Coinbase in 3 Days, Signaling Major Bitcoin Accumulation

COINOTAG News, November 19, cites LookIntoChain data showing a notable institutional move over the last 72 hours. BlackRock reportedly deposited 12,097 Bitcoin (about $1.1 billion) and 172,049 Ethereum (about $533 million) into Coinbase custody, highlighting growing engagement with central crypto infrastructure.

The on-chain data underscores sustained demand from institutional investors seeking secure custody and liquidity channels for flagship digital assets. Traders and analysts will watch for accompanying shifts in spot demand, liquidity depth, and the potential impact on Bitcoin and Ether pricing dynamics as regulatory and market structures mature.

As the crypto ecosystem evolves, verified inflows from blue-chip asset managers to established exchanges may shape risk premiums and custody standards across the cryptocurrency market.