Key takeout
- BlackRock continues to manage significant Bitcoin and Ethereum holdings through its ETF products.
- On September 29th, BlackRock moved $206 million of Ethereum and $38 million of Bitcoin to Coinbase Prime.
BlackRock, the world’s largest asset manager, has been transported to around 49,607 Ethereum and 340 Bitcoin to Coinbase Prime, an institutional trading and custody platform.
BlackRock owns approximately $86 billion in Bitcoin and more than $16 billion in Ethereum through its SPOT ETF activity as of September 25th.
On September 17, 2025, BlackRock ran a similar transaction, depositing $20 million worth of 4,538 ETH with Coinbase Prime, while receiving $34 million worth of 293.6 btc, suggesting potential asset swaps or portfolio rebalancing.
BlackRock applied for the Bitcoin Premium Income ETF on September 27, 2025. This uses cover call to generate yields at Spot Bitcoin Holdings. The filing is based on the success of the $86 billion IBIT ETF.
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