BlackRock ETHA Moves 8,172 ETH to Coinbase Prime Marking First Sell-Off After Month-Long Accumulation

According to data from lookintochain, an address linked to BlackRock ETHA transferred 8,172 ETH to Coinbase Prime within a span of one hour, valued at approximately $18.4 million. This marks the first significant sell-off following a sustained period of accumulation exceeding one month. Furthermore, farside analytics reported a net outflow of $19.7 million from ETHA on June 20th. The recent large-scale transfer appears to be part of the finalization of this outflow process related to the ETF’s activity on that date. These movements highlight strategic portfolio adjustments by institutional investors in the Ethereum market, reflecting a cautious approach amid evolving market conditions.