BlackRock Deposits 567 BTC Valued at $52.2 Million to Coinbase on January 7

On Jan. 7, global asset manager BlackRock transferred 567 Bitcoin (BTC), worth about $52.2 million, to Coinbase, according to on-chain data. The move highlights continued institutional activity in crypto, with transactions from firms like BlackRock closely watched for signals on market trends and strategic positioning, especially amid its growing involvement in Bitcoin ETFs.