BlackRock Transfers 8,700 ETH to Coinbase Prime as ETH Rises 2.6% to $1,790

BlackRock transferred 8,700 ETH worth $15.81 million to Coinbase Prime from its Ethereum ETF wallets on July 10, triggering fresh market speculation about institutional positioning. The move followed 7,240 ETH outflows from the ETHA ETF on July 9 and coincided with $52.08 million in total Ethereum ETF redemptions that day. These flows extended June’s $690 million net outflow trend, yet ETH advanced 2.6% to $1,790, outperforming Bitcoin and aligning with historical Q3 strength averaging 8.08% gains since 2016.