BlackRock Deposits $140M in Ethereum to Coinbase Prime Amid ETF Outflows

2025-12-17 19:45

BlackRock has deposited 47,463 ETH, valued at approximately $140 million, into Coinbase Prime on December 16. This strategic move comes as the firm adjusts its holdings following a significant $221.3 million net outflow from its Ethereum ETF, ETHA, which has been a major player in U.S. Ethereum ETF redemptions. The deposit underscores BlackRock's ongoing commitment to maintaining institutional exposure to Ethereum, even as day trading activity in the crypto market remains robust.

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