BlackRock Withdraws 11,185 ETH Worth $27.2M from Coinbase Prime for Ethereum Spot ETF ETHA

According to recent data from LookIntoChain, BlackRock’s Ethereum spot ETF (ETHA) executed a significant withdrawal of 11,185 ETH from Coinbase Prime within a 30-minute window. This transaction, valued at roughly $27.2 million, highlights a notable movement in institutional Ethereum holdings. Such activity underscores the growing influence of major asset managers in the crypto market, reflecting strategic portfolio adjustments amid evolving market conditions. Monitoring these large-scale transfers provides critical insights into institutional sentiment and liquidity trends within the Ethereum ecosystem.