BlackRock Transferred 37,470 Ether Worth $83.3 Million to Coinbase Prime

A wallet linked to BlackRock's spot Ethereum exchange-traded funds transferred 37,470 Ether, valued at roughly $83.3 million, to Coinbase Prime. The transaction extends a series of substantial institutional on-chain asset movements to the exchange platform, which serves as primary custodian and execution partner for major spot crypto ETFs. Previously, BlackRock moved nearly $200 million in Ether across four transactions over two days, including a 45,240 ETH transfer worth $104.8 million from its ETHA and ETHB fund addresses and a 29,814 ETH transfer valued at $70.58 million.