Ethereum News Today: BlackRock shifts $372M ETH $292M BTC to Coinbase Prime amid ETF outflows

BlackRock has moved 101,975 Ethereum (ETH) tokens—valued at $372 million—to Coinbase Prime, a custodial and settlement platform, on August 7, 2025, according to blockchain analytics firm Lookonchain [1]. The transfer occurred alongside a $292 million Bitcoin (BTC) movement involving 2,544 BTC. These actions have sparked speculation about a potential restructuring of BlackRock’s cryptocurrency exchange-traded fund (ETF) strategy amid ongoing outflows from its crypto-related funds [2]. Analysts suggest the transfers are part of a broader asset repositioning strategy rather than a direct market sale [2].

The Ethereum transfer took place amid a period of price weakness, with ETH dropping 1.81% to $3,570.33 from a previous level of $3,734.98 [3]. The decline has been attributed in part to institutional outflows and concerns over potential liquidation of large positions. BlackRock’s Ethereum-based ETF (ETHA) reported outflows during this period, reinforcing the idea of shifting institutional positioning [4]. Similarly, its Bitcoin ETF (IBIT) also experienced a $292 million outflow, coinciding with the Bitcoin transfer to Coinbase Prime [2].

Coinbase Prime’s role in the transactions highlights the platform’s growing importance in institutional custody and settlement of digital assets, especially in the context of ETF activity [5]. This comes amid recent regulatory developments, including the Securities and Exchange Commission’s (SEC) approval of in-kind redemptions for Bitcoin and Ethereum ETFs, which could enhance settlement efficiency and influence asset management strategies [2].

Despite the outflows, BlackRock continues to maintain a significant Ethereum position, with holdings estimated at $11.4 billion by the end of July 2025 [6]. This suggests a long-term strategic commitment to Ethereum, contrasting with the immediate liquidity pressures observed in its ETF products. The coordinated movement of both Bitcoin and Ethereum to Coinbase Prime further underscores the exchange’s expanding influence in institutional crypto operations and its role in shaping market sentiment during periods of regulatory clarity and shifting investor demand [7].

The transfers, though not officially explained by BlackRock, imply a strategic response to evolving market conditions. If the firm proceeds to sell the transferred assets, it could exert additional downward pressure on Ethereum’s price, depending on the speed of execution and broader market dynamics. However, the overall impact will be shaped by larger economic and regulatory developments [8].

Source:

[1] Coingape – [https://coingape.com/blackrock-moves-292m-btc-372m-eth-amid-crypto-etf-outflows/](https://coingape.com/blackrock-moves-292m-btc-372m-eth-amid-crypto-etf-outflows/)

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

[3] Lookonchain – [https://blockchain.news/flashnews/lookonchain](https://blockchain.news/flashnews/lookonchain)

[4] AInvest – [https://www.ainvest.com/news/ethereum-news-today-blackrock-moves-372m-eth-292m-btc-crypto-etf-outflows-2508/](https://www.ainvest.com/news/ethereum-news-today-blackrock-moves-372m-eth-292m-btc-crypto-etf-outflows-2508/)

[7] Binance – [https://www.binance.com/en/square/post/27907490956457](https://www.binance.com/en/square/post/27907490956457)