In a significant crypto move, BlackRock’s Ethereum ETF (ETHA) received a hefty transfer of 5,757 ETH from Coinbase Prime, valued at around $15.51 million. According to BlockBeats news on September 28 and data from Arkham, the transaction occurred 19 hours ago, with the ETH sent to the ETF’s custody address from Coinbase Prime’s hot wallet.
This major infusion into the Ethereum ETF further signals growing institutional interest in Ethereum as a key asset in digital finance. The move strengthens BlackRock’s position in the crypto market, as their Ethereum ETF gains momentum with such high-value transfers.
With institutional players like BlackRock making large-scale investments, the market is watching closely for the next move in Ethereum’s trajectory.
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