Black Rock After moving a considerable amount of Ethereum (ETH) to Coinbase Prime, it sparked speculation in the wider crypto space. On the move Spots With LookonChain, the data analytics platform, BlackRock has transferred 101,975 ETH to the Crypto platform.
Ethereum immerses during ETF leak
According to the update, the transfer will be worth $372 million. The massive move left many guessing the motivation behind the transfer. Typically, such developments often indicate the potential intent of a sale or restructuring of protection.
BlackRock (ETHA) deposited $101,975 ETH (372mm) and $2,544 BTC (292mm) three hours before #coinbaseprime.
– lookonchain (@lookonchain) August 5, 2025
As reported by U.Today, BlackRock was engaged in something large before this Ethereum stacking. At the end of July, BlackRock had hidden $11.4 billion worth of Ethereum within weeks. Asset managers have accumulated these assets despite market fluctuations.
In particular, the current movement could mean that BlackRock intends to make operational changes to the delivery of the Exchange-Traded Fund. With Coinbase Prime’s involvement, this is probably true given that the platform is commonly used to back up and settle ETF assets.
If BlackRock decides to sell the entire volume deposited on Coinbase Prime, it could affect market sentiment, which could affect Ethereum prices in the crypto market. That’s how Ethereum prices were at the time of reporting. change The $3,570.33 hand reflects a 1.81% decline over the past 24 hours.
The assets slid from an intraday peak of $3,734.98 to its current price level. The main trigger for DIP was a massive ETF outflow as institutional investors made it to make a profit. The BlackRock move therefore added to concerns in the Ethereum community.
Nate Geraci looks at more crypto filings ahead
In addition to Ethereum being moved to Coinbase Prime, Asset Manager has also moved 2,544 Bitcoins (BTC). The transferred Bitcoin value reached $292 million.
Meanwhile, as speculation about the move continues, top analyst Nate Gelach once again revised his predictions BlackRock for XRP ETFs. Geraci believes that the investment giant will ultimately submit not only the XRP ETF, but also the Solana ETF.
