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      BlackRock Withdraws $127 Million in Cryptocurrency from Coinbase Prime

      BlackRock has executed a significant withdrawal of approximately $126.95 million in cryptocurrency from Coinbase Prime, a major digital asset exchange. This transaction occurred within a span of 40 minutes and involved the withdrawal of about 1,150 Bitcoins, valued at approximately $95.43 million, along with around 11,840 Ethereums, worth about $31.52 million.

      The move highlights BlackRock's ongoing engagement with the cryptocurrency market, as the investment management firm continues to navigate the evolving landscape of digital assets. Coinbase Prime serves as a platform for institutional investors, providing services for trading and custody of cryptocurrencies. This withdrawal could indicate a strategic repositioning of BlackRock's crypto holdings or a response to market conditions.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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