Bitcoin Updates: BlackRock’s $1 Billion Crypto Custody Initiative Reflects Growing Institutional Adoption of Digital Assets

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Bitget-RWA2025/11/10 16:08

By:Bitget-RWA

- BlackRock deposits $135M in Bitcoin into Coinbase to optimize custody for its crypto ETFs. - JPMorgan increases holdings in BlackRock’s Bitcoin ETF, reflecting institutional demand for regulated crypto products. - BlackRock explores tokenizing funds on XRP Ledger and partners with Intesa Sanpaolo for digital services in Belgium/Luxembourg. - Market speculation intensifies on Bitcoin’s future price, with 48% chance of hitting $1M before GTA 6’s 2026 launch. - BlackRock’s actions highlight institutional ma

BlackRock, recognized as the largest asset manager globally, transferred 1,271

Bitcoin

valued at $135 million to

Coinbase

today, reflecting sustained institutional trust in the cryptocurrency sector despite widespread market uncertainty

BlackRock deposits 1271 Bitcoin worth $135 million into Coinbase

. This transaction is part of a pattern of ongoing Bitcoin and

Ethereum

transfers to Coinbase Prime that have been occurring since early November, highlighting BlackRock’s active portfolio management as it refines custody solutions for its iShares Bitcoin Trust (IBIT) and Ethereum Trust (ETHA) funds

Key facts: BlackRock explores tokenized funds; partners for digital service; files Form 8.3

. In the last five days alone,

BlackRock

has shifted more than $1 billion in crypto assets to Coinbase, with the most recent deposit contributing to a growing total that demonstrates increasing institutional interest in regulated digital asset products

Key facts: BlackRock explores tokenized funds; partners for digital service; files Form 8.3

This development coincides with rising optimism about a possible end to the 40-day U.S. government shutdown, which has been weighing on investor confidence. BlackRock’s recent moves are in step with a larger movement of institutional investors increasing their crypto holdings through established custodians.

Bitcoin Updates: BlackRock’s $1 Billion Crypto Custody Initiative Reflects Growing Institutional Adoption of Digital Assets image 0

The iShares Bitcoin Trust, managed by BlackRock and overseeing $85 billion in assets, now controls 4.01% of all Bitcoin in circulation, while its Ethereum Trust holds 3.3% of the total ether supply

Key facts: BlackRock explores tokenized funds; partners for digital service; files Form 8.3

. These statistics emphasize BlackRock’s significant influence as an institutional leader in the crypto space.

JPMorgan, another major financial institution, has also increased its exposure to Bitcoin ETFs, reporting ownership of 5.3 million shares in BlackRock’s IBIT, worth $343 million—a 64% rise since June

JPMorgan discloses holding 5.3M BlackRock Bitcoin ETF shares, valued at $343M, up 64% since June

. This jump highlights the growing popularity of regulated crypto investment vehicles among established banks. At the same time, speculation about Bitcoin’s future price has intensified, especially with the postponed launch of Grand Theft Auto 6. According to Polymarket, there is now a 48% chance that Bitcoin will reach $1 million before the game’s release in November 2026, up from 35% earlier in the week

Wealthy traders bet on $1M Bitcoin before GTA 6 launch as Rockstar delays game again

Analysts have offered varied interpretations of BlackRock’s recent custody activities. Some see these transfers as standard ETF rebalancing, while others warn that significant institutional movements could signal upcoming profit-taking or strategic shifts

BlackRock's $213 Million Bitcoin Move Exacerbates Fears of Sub-$100,000 Drop

. Blockchain data indicates that BlackRock has recently sent 2,042 BTC ($213 million) and 22,681 ETH ($80 million) to Coinbase, with traders closely watching these transactions for broader market signals

BlackRock's $213 Million Bitcoin Move Exacerbates Fears of Sub-$100,000 Drop

BlackRock’s involvement in crypto goes beyond asset custody. The company is investigating the tokenization of money market funds on the

XRP

Ledger and has teamed up with Intesa Sanpaolo’s Fideuram to introduce a digital investment platform in Belgium and Luxembourg

BlackRock's $213 Million Bitcoin Move Exacerbates Fears of Sub-$100,000 Drop

. These initiatives highlight BlackRock’s broader ambition to incorporate blockchain technology into mainstream institutional finance.

As the crypto sector continues to experience fluctuations, BlackRock’s actions underscore the increasingly stabilizing role of institutional investors in the adoption and growth of digital assets. With regulatory landscapes shifting and ETF-driven investments reshaping participation, BlackRock’s ongoing commitment to crypto infrastructure could mark a pivotal moment for widespread acceptance.

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.

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