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Coinbase moves $57.88M in Ether as U.S. Ether ETFs see $69.7M outflows on Oct 16

Market News
17 Oct 2026
Tokenpost
View Source
Neutral
Coinbase moves $57.88M in Ether as U.S. Ether ETFs see $69.7M outflows on Oct 16

On October 16, Coinbase Institutional transferred 23,528 Ether (ETH), valued at about $57.88 million, to an unknown wallet. The purpose and owner of the receiving wallet remain unidentified, and it is unclear if the ETH was sold or simply moved. On the same day, U.S. spot Ether ETFs experienced net outflows totaling $69.7 million, all from BlackRock's iShares Ethereum Trust (ETHA). These two events are separate and do not confirm that the same investors were involved in both the transfer and the ETF withdrawals.

Following the Coinbase Institutional transfer of 23,528 ETH, Ethereum continues to show stability on Pluang. As of October 18, 2026, 04:21 WIB, ETH trades at Rp43.369.125 with a modest 1-day gain of 0.34%. The market cap stands at Rp5.329,62 trillion, while daily trading volume reaches Rp92,95 trillion, indicating active market participation despite recent large transfers.

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