Ethereum News Today: BlackRock Moves $664M in ETH and BTC to Coinbase Amid ETF Outflows

BlackRock’s Ethereum ETF (ETHA) transferred approximately $664 million in cryptocurrency to Coinbase Prime on August 5, 2025, as reported by on-chain analytics firm Lookonchain. This includes 101,975 ETH, valued at around $372 million, and 2,544 BTC, valued at approximately $292 million. The Ethereum transfer occurred in several increments of 10,000 ETH each, while the Bitcoin was moved in multiple batches of 300 BTC. These movements were executed through the ETF vehicles managed by BlackRock, suggesting a structured and strategic approach to asset management and liquidity positioning [1].

The transfer has already had a perceptible impact on the market, with Ethereum reportedly declining by 1.81% following the event. Such large-scale movements typically influence liquidity and price dynamics, particularly in derivatives and related markets. Analysts note that these types of transfers often precede broader market activity, and the ongoing ETF outflows and rising sell-side liquidity observed in recent data suggest a cautious stance among institutional players in the short term [2].

While the move reflects a growing institutional interest in digital assets, it has not been accompanied by any public comments from BlackRock executives, including CEO Larry Fink. This silence has led to speculation about the underlying motivations for the transfer, with some observers suggesting it could be related to asset backing, settlement needs, or broader portfolio adjustments. The absence of direct executive commentary does not diminish the significance of the transaction, as the use of custodial addresses and systematic execution methods indicates a deliberate and calculated strategy [3].

This event aligns with a broader trend of increased institutional activity in crypto markets. As major asset managers like BlackRock continue to integrate digital assets into their portfolios and operations, their actions are shaping liquidity structures and influencing market behavior. The transfer to Coinbase Prime, a trusted custodial and trading platform, highlights the growing reliance on established brokerage services in the digital asset space. These developments reinforce the maturing institutional landscape in crypto and underscore the increasing role that large asset managers play in defining market dynamics through large-scale capital movements.

Source:

[1] Fidelity and BlackRock Move Over $717M in Crypto to Coinbase

(https://coinmarketcap.com/community/articles/68926c10e7f37614190600af/)

[2] BlackRock Dumps $664M in Bitcoin and Ethereum Amid ...

(https://thecryptobasic.com/2025/08/05/blackrock-dumps-664m-in-bitcoin-and-ethereum-amid-etf-outflows/)

[3] BlackRock Transfers $664M in BTC and ETH to Coinbase ...

(https://moneycheck.com/blackrock-transfers-664m-in-btc-and-eth-to-coinbase-amid-crypto-etf-outflows/)