BlackRock moves $140 million in Ethereum to Coinbase as ETH slides 6%
Crypto Briefing
BlackRock moved $140 million in Ethereum to Coinbase Prime while the cryptocurrency dropped over 6%.Summary
BlackRock recently transferred approximately 47,500 Ethereum, valued at around $140 million, to Coinbase Prime, according to Arkham Intelligence data. This movement occurred as Ethereum's price fell over 6% in 24 hours, dipping below $3,000 amid a broader market selloff. The transfer follows a period of volatile flows for BlackRock's Ethereum ETF (ETHA), which saw a net outflow of $139 million the previous day, contributing significantly to the $225 million pulled from US Ethereum ETFs. As of December 12, ETHA held about 3.7 million Ethereum worth over $11 billion, though it is now trailing Tom Lee's BitMine Immersion in ETH holdings.
(Source：Crypto Briefing)