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BlackRock moves 8,700 Ethereum worth $15.8M to Coinbase amid ETF outflows and trader watch for Q3 recovery.

Market News
10 Jul 2026
UToday
View Source
Neutral
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BlackRock transferred 8,700 Ethereum tokens valued at nearly $15.81 million to Coinbase Prime, coinciding with outflows from its Ethereum ETF wallets. This move follows previous large transfers of Bitcoin and Ethereum to Coinbase by BlackRock and reflects ongoing negative inflows in Ethereum ETFs, with $52 million outflows reported on July 9. Traders are closely watching these ETF flows as they have defined recent quarters, with Q3 historically showing potential for Ethereum price recovery. Ethereum recently gained 2.6% to $1,790, signaling possible reversal after a downtrend.

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