BlackRock Moves 8,700 Ethereum to Coinbase: Why Traders Are Watching
The post BlackRock Moves 8,700 Ethereum to Coinbase: Why Traders Are Watching appeared on BitcoinEthereumNews.com. In recent hours, global investment manager BlackRock executed an Ethereum transfer that was reported by onchain data tracker Onchain Lens. According to Onchain Lens, BlackRock transferred 8,700 ETH, worth nearly $15.81 million, to Coinbase Prime. It will not be the first time BlackRock has moved Ethereum and, likewise, Bitcoin to Coinbase Prime; on July 9, BlackRock moved 951.5 BTC worth $59 million to Coinbase Prime and the IBIT ETF withdrew 883.6 BTC (worth $54.8 million) from Coinbase Prime on July 8, but this particular ETH transaction comes with further details. ‘Not Happening’: Former SWIFT Exec Shuts Down XRP Integration Rumors XRP, Shiba Inu, Solana (SOL) and Ethereum (ETH) Price Analysis for June 10: Market Fuel Comes In Handy Onchain Lens noted that the said ETH — 8,700 tokens — were moved from BlackRock’s Ethereum ETF-related wallets to Coinbase Prime and coinci