Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Bitcoin News Update: BlackRock Allocates $115M in ETH, Driving Australian ETF Debut During Market Fluctuations

Bitcoin News Update: BlackRock Allocates $115M in ETH, Driving Australian ETF Debut During Market Fluctuations

Bitget-RWA2025/11/05 12:14
By:Bitget-RWA

- BlackRock deposited $115M in ETH to Coinbase , signaling institutional crypto engagement ahead of its Australian Bitcoin ETF launch. - The firm holds 86% of its $97B crypto assets in Bitcoin, with recent $1B+ deposits raising market sell-off concerns. - Regulatory clarity in Australia and the U.S. may boost institutional adoption as BlackRock's custodial strategy focuses on ETF liquidity management.

BlackRock, recognized as the largest asset management firm globally, has transferred 34,777 ETH—worth about $115 million—into

, based on data from . This transaction follows a series of ongoing Bitcoin and Ethereum transfers to Coinbase Prime, highlighting sustained institutional activity in the cryptocurrency sector. BlackRock has consistently relied on Coinbase as its main custodian for digital asset operations, which include its iShares Bitcoin and Ethereum ETFs as well as asset tokenization projects, according to .

This latest deposit comes during a period of heightened market turbulence, with both Bitcoin and Ethereum experiencing declines of more than 4% in the 24 hours before the transfer, as reported by

. Experts suggest these movements could be related to custodial adjustments or positioning for short-term market strategies, especially since recently revealed plans to introduce its iShares Bitcoin ETF (IBIT) on the Australian Securities Exchange (ASX) in mid-November. If launched, Australia would become the fourth nation to offer a spot Bitcoin ETF, joining the U.S., Germany, and Switzerland.

Bitcoin News Update: BlackRock Allocates $115M in ETH, Driving Australian ETF Debut During Market Fluctuations image 0

According to Finbold, BlackRock's digital asset portfolio is still predominantly composed of Bitcoin, which makes up 86% of its $97 billion in crypto holdings, with Ethereum representing the remaining 14%. Over the past five days, the company has moved more than $1 billion in BTC and ETH to Coinbase Prime, including a $383.9 million Bitcoin transaction and a $122 million Ethereum deposit on October 31, as detailed by TradingView. These sizable transfers have sparked concerns among traders about possible large-scale liquidations, although BlackRock has not yet carried out any major sales.

Market observers are paying close attention to BlackRock's activities, as its decisions could sway overall market sentiment. The recent influx of deposits has coincided with a significant market downturn, with the total crypto market capitalization shrinking by around $230 billion in under a day, according to Finbold. Liquidations of leveraged futures reached $1.27 billion, and the Fear & Greed Index dropped sharply to 27, signaling intense bearishness.

BlackRock appears to be focusing its custodial approach on liquidity optimization and ETF management. Its iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA) currently manage $85 billion and $14 billion in assets, respectively, as reported by

. Since March 2024, the firm has withdrawn a total of $17.95 billion in crypto assets to exchanges, with Coinbase accounting for $17.6 billion of that sum.

Although BlackRock's precise objectives remain uncertain, its repeated deposits underscore its expanding influence within institutional crypto markets. Regulatory bodies in both the U.S. and Australia have recently advanced efforts to establish formal guidelines for crypto investments, with ASIC's latest move to classify digital assets as financial products potentially paving the way for greater institutional participation as regulatory frameworks become clearer.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Cardano News Today: Cardano’s DeFi Challenges: Lack of User Engagement and Issues in Governance

- Cardano founder Charles Hoskinson blames user apathy for DeFi stagnation, citing low TVL ($262M) compared to Solana ($11.17B) and Ethereum ($84.22B). - He emphasizes governance/coordination gaps over technical flaws, noting 1. 3M stakers hold $15B but lack liquidity participation despite stablecoin availability. - Cardano's roadmap prioritizes Bitcoin interoperability and real-world finance via projects like Midnight and RealFi to unlock ADA/BTC liquidity. - Market skepticism persists as ADA drops 6.2% a

Bitget-RWA2025/11/06 04:58
Cardano News Today: Cardano’s DeFi Challenges: Lack of User Engagement and Issues in Governance

Bitcoin News Update: Robinhood Investors Profit While Crypto Community Seeks Unity

- Robinhood's VP Shiv Verma stated the firm is cautiously evaluating crypto treasury adoption, prioritizing shareholder value over community alignment. - Q3 2025 crypto revenue surged 339% to $268M, driven by $80B trading volume and new token listings like SEI. - While 200+ firms hold $121B in crypto treasuries, Robinhood focuses on product innovation and international expansion instead. - The company's 26.8M funded accounts highlight its appeal to growth-oriented investors amid industry divergence in cryp

Bitget-RWA2025/11/06 04:44
Bitcoin News Update: Robinhood Investors Profit While Crypto Community Seeks Unity

How to Participate in Circle's Native Chain Arc Testnet Interaction?

The tutorial covers topics such as Testnet Coins, NFT Minting with Domain, Contract Deployment, and more, making it easy to understand and follow.

BlockBeats2025/11/06 04:34
How to Participate in Circle's Native Chain Arc Testnet Interaction?

XRP News Today: Rising Number of XRP Wallets Sparks Optimism for Crypto Summer as Institutions Increase Investments

- XRP sees 21,595 new wallets in 48 hours, Santiment's largest surge in eight months, as price rebounds from $2.2 support. - Technical indicators show bullish RSI divergence and potential reversal patterns, with $2.6 resistance as key hurdle. - Ripple's $500M institutional investment and Mastercard-led RLUSD integration boost XRP's institutional adoption and regulatory clarity. - Ethereum's ecosystem expansion and potential XRP ETF listings amplify crypto summer optimism amid Fed's QE expectations.

Bitget-RWA2025/11/06 04:04
XRP News Today: Rising Number of XRP Wallets Sparks Optimism for Crypto Summer as Institutions Increase Investments