Bitcoin Holdings in One Coinbase Custody Wallet Jumped by 2.5K After BlackRock ETF Filing

Bitcoin trading volumes on coinbase have surged to nearly $1 billion as the BlackRock Bitcoin ETF filing spurs bullish sentiment among traders. By shauryamalwa

Coinbase Custody is a service offered by the crypto exchange that allows institutional investors to store large amounts of tokens, such as bitcoin, in a secure wallet. It will serve as the custodian for bitcoin held on BlackRock Bitcoin ETF, if the request is approved by regulators.

CryptoQuant analyst Bradley Park said in a Telegram message that BlackRock’s ETF filing may have spurred positive sentiment among bitcoin holders and investors, which could explain the transaction.

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