Add as a preferred source on GoogleBlackRock ETF Wallets Move $104.76 Million in Ether to Coinbase Prime
The 45,240-ETH transfer was the fourth similar movement this month, but it does not confirm a sale.
BlackRock's ETHA and ETHB Ethereum ETF wallets transferred 45,240 Ether (ETH), valued at about $104.76 million at the observed price, to Coinbase Prime on Oct. 27, moving a large block of fund-linked tokens to the platform.
The valuation reflects the ETH price at the time the transfer was monitored. No sale or later use of the ETH was confirmed.
The Oct. 27 transfer followed similar ETH movements on Oct. 13, 19 and 23, making it the fourth such transfer this month. This movement involved ETH only; the details did not include a corresponding Bitcoin transfer.
Coinbase Prime is a custody and execution channel for spot ETFs, so the destination alone does not confirm a market sale.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.