BlackRock Transfers 72,212 Ether to Coinbase Prime Following $140M ETF Net Outflows

BlackRock transferred 72,212 Ether, valued at roughly $151.4 million, to Coinbase Prime following $140.1 million in net outflows from its spot Ethereum ETFs on November 9. The redemptions were led by the iShares Ethereum Trust (ETHA), which shed $119.3 million, and the iShares Staked Ethereum Trust (ETHB), which lost $20.8 million. The transfer followed earlier November movements of Bitcoin and Ether, including a $702.3 million transfer on November 3 and a $482.66 million transfer on November 9. Total weekly net outflows across BlackRock's crypto ETF lineup exceeded $1.5 billion amid institutional profit-taking.