In current hours, world funding supervisor BlackRock executed an Ethereum switch that was reported by onchain knowledge tracker Onchain Lens.
In keeping with Onchain Lens, BlackRock transferred 8,700 $ETH, value practically $15.81 million, to Coinbase Prime.
It is not going to be the primary time BlackRock has moved Ethereum and, likewise, Bitcoin to Coinbase Prime; on July 9, BlackRock moved 951.5 $BTC value $59 million to Coinbase Prime and the IBIT ETF withdrew 883.6 $BTC (value $54.8 million) from Coinbase Prime on July 8, however this specific $ETH transaction comes with additional particulars.
BlackRock moved 8.7K $ETH value $15.81M from its ETF wallets to #Coinbase Prime.https://t.co/NTKoic2W4T pic.twitter.com/De8xgSgE9l
— Onchain Lens (@OnchainLens) July 10, 2026
Onchain Lens famous that the mentioned $ETH — 8,700 tokens — had been moved from BlackRock’s Ethereum ETF-related wallets to Coinbase Prime and coincided with outflows from the BlackRock ETHA ETF.
In keeping with knowledge from Sosovalue, the BlackRock ETHA ETF noticed outflows of seven,240 $ETH, or $12.67 million value, on July 9, including to internet unfavourable inflows for Ethereum ETFs.
On July 9, Ethereum ETFs noticed complete outflows of $52.08 million, with Constancy’s FETH main the cost.
Why are merchants watching?
ETF flows outlined the previous quarter, with June marking a document in redemptions. Ethereum ETFs posted $690 million in internet outflows, extending the unfavourable stream streak from Q1.
After a weak first half, merchants are looking for clues on what the remainder of 2026 holds. In keeping with historic knowledge, Q3 has usually marked the start of sturdy recoveries.
In keeping with CoinGlass knowledge, Ethereum averaged good points of 8.08% in Q3, recording seven inexperienced Q3s out of 11 since 2016. In 2025, Ethereum netted good points of 66.55%, pointing to a mean constructive efficiency in Q3.
Nonetheless, previous efficiency might not be a assure, with extra catalysts being watched. Ethereum ($ETH) outperformed Bitcoin within the final 24 hours, rising 2.6% to $1,790 because it seeks to snap a development of sequential decrease highs and decrease lows.
