BlackRock-Linked Wallets Move $151.4 Million in Ether to Coinbase Prime

Lookonchain, a blockchain tracker, flagged a 72,212 Ether (ETH) transfer from wallets it links to BlackRock into Coinbase Prime on Nov. 10, valuing the movement at $151.4 million. The transfer came one day after BlackRock’s two U.S. Ether exchange-traded funds posted $140.1 million in combined net withdrawals.

The iShares Ethereum Trust ETF (ETHA) accounted for $119.3 million of Nov. 9 outflows, while the iShares Staked Ethereum Trust ETF (ETHB) had $20.8 million in withdrawals. Together, the funds represented about 76% of the $184.6 million net outflow across U.S. spot Ether funds that day.

The broader group had withdrawals for three consecutive trading sessions beginning Nov. 5. ETHA lost $285.3 million over that span, and total industry outflows reached $377.8 million.

The figures capture separate activity: ETF flows are net dollar changes, while the Coinbase Prime transaction is a gross transfer of ETH. The transfer alone does not establish that the ether was sold or show which fund, if any, initiated it.