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BlackRock Transfers $25 Million in Ethereum via ETF to Coinbase Prime

BlackRock moved over 12,397 ETH, valued at $25.6 million, to a Coinbase Prime address via its Ethereum ETF ETHA, indicating continued active management of its crypto holdings.

ETH

Summary

Arkham reports that BlackRock transferred 12,397 Ethereum (ETH), worth approximately $25.6 million, to a Coinbase Prime address through its Ethereum ETF ETHA. This transaction demonstrates active portfolio management within BlackRock’s crypto products, and additional transfers may occur as part of ongoing allocation or liquidity adjustments.

Terms & Concepts
  • Ethereum ETF: An exchange-traded fund that invests in Ethereum or related derivatives to track the cryptocurrency’s price.
  • Coinbase Prime: An institutional platform by Coinbase designed for high-volume trading, custody, and liquidity management.
  • Arkham: A blockchain analytics platform that tracks and verifies cryptocurrency transactions and wallet activities.