BlackRock ETF-Linked Address Deposits 72,212 ETH at Coinbase Prime

An address linked to a BlackRock exchange-traded fund deposited 72,212 Ether (ETH), worth about $151.4 million, into Coinbase Prime, a transfer traders may watch for potential selling activity.

Since Oct. 1, the address has logged net outflows of 791,758 ETH, valued at about $1.74 billion. A net outflow means the amount leaving the address exceeded the amount entering during the period. The cumulative total covers a longer window than the latest Coinbase Prime deposit, which is one transaction.

That distinction matters when comparing the figures: the 72,212 ETH deposit is an individual movement, while 791,758 ETH measures net movement since Oct. 1. The latest transfer is about 9% of the cumulative amount, but the figures use different windows and are not equivalent measures. The address-level flows describe ETH movement; they do not by themselves establish whether BlackRock sold any of the transferred tokens.