Key Notes
- BlackRock deposited practically 50,000 ETH and 340 BTC price $244 million mixed into Coinbase Prime on Monday.
- The asset supervisor at present holds $86 billion in Bitcoin and $16 billion in Ethereum by way of spot ETF merchandise as of September 29.
- Coinbase inventory efficiency usually serves as a directional indicator for institutional sentiment towards cryptocurrency markets.
Coinbase value made a optimistic begin to the week with a 6% rebound on Monday, Sept. 29, regardless of persistent bearish headwinds dominating the crypto market because the US Federal Reserve’s rate cut on Sept.
Shares of the crypto change big climbed to an intraday excessive of $334.38 earlier than settling at $333.99, representing a 6.85% acquire and pushing the corporate’s market capitalization to $85.81 billion. Market analysts often observe COIN’s actions as a barometer for broader institutional urge for food in digital belongings.
Coinbase (COIN) Inventory Worth Rallies 6% on Monday Sept 29, 2025 | Supply: Google
BlackRock Deposits Reaffirm Confidence in Coinbase Custody Companies
On-chain analytics platform Lookonchain flagged giant transactions from wallets linked to BlackRock on Monday.
Based on Lookonchain, BlackRock deposited 49,607.8 ETH price $206.17 million and 340.5 BTC valued at $38.18 million into Coinbase Prime. The agency had executed a similar move earlier in September, depositing 4,538 ETH whereas receiving 293.6 BTC, signaling the transactions may very well be linked to routine portfolio changes.
BlackRock simply deposited 49,607.8 $ETH($206.17M) and 340.5 $BTC($38.18M) to #CoinbasePrime an hour in the past.https://t.co/qmuDIrPHc6 pic.twitter.com/FoRPYa58GY
— Lookonchain (@lookonchain) September 29, 2025
FarsideUK knowledge reveals the asset supervisor holds roughly 60,818 BTC valued close to $86 billion and 13,158 ETH price $16 billion by way of its spot ETF choices on Sept. 29.
As new entrants like US Bancorp or State Street transfer to encroach custody providers market share, BlackRock’s newest transactions reaffirm confidence in Coinbase Prime’s infrastructure.
Greatest Pockets in Demand as Token Presale Hits $16.2M Inflows
Coinbase’s rally amid BlackRock’s high-profile deposits mirrors optimistic traction round early-stage initiatives like Greatest Pockets (BEST).
Greatest Pockets is a multi-chain storage resolution designed with institutional-grade safety and positioned to disrupt the $11 billion non-custodial pockets market.
Greatest Pockets Presale
At press time, Best Wallet’s presale has raised greater than $16.1 million. With simply over 24 hours till the following value tier unlocks, buyers can nonetheless buy tokens at $0.0257 by way of the official web site, securing early-holder advantages earlier than the following spherical.
Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed data however shouldn’t be taken as monetary or funding recommendation. Since market circumstances can change quickly, we encourage you to confirm data by yourself and seek the advice of with knowledgeable earlier than making any choices primarily based on this content material.
Ibrahim Ajibade is a seasoned analysis analyst with a background in supporting numerous Web3 startups and monetary organizations. He earned his undergraduate diploma in Economics and is at present learning for a Grasp’s in Blockchain and Distributed Ledger Applied sciences on the College of Malta.