# BlackRock Transfers $151M in Ether to Coinbase Prime Custody

By [The BSCN Debrief](https://paragraph.com/@bscnalpha), 2026-11-10

bsc news brief, crypto news

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BlackRock sent 72,212 Ethereum tokens worth approximately $151.4 million to Coinbase Prime through four separate transactions on November 10, according to blockchain tracking firm Arkham Intelligence. The transfers bring the asset manager's total Ethereum movements since October 1 to 791,758 tokens valued at nearly $1.74 billion.

Such transfers do not necessarily indicate selling activity. Coinbase Prime serves as the custodian and execution platform for BlackRock's crypto ETFs, handling routine operations including purchases, redemptions and portfolio adjustments. The wallet movements coincide with sustained outflows from U.S. spot Ether ETFs, which recorded $184.51 million in net withdrawals on November 9 alone, with BlackRock's ETHA fund accounting for most of that figure.

**Read the full story on BSC News:** [BlackRock Moves 72,212 ETH, About $151 Million, to Coinbase Prime From ETF Wallets](https://bsc.news/news/blackrock-moves-72212-eth-coinbase-prime?utm_source=paragraph&utm_medium=brief&utm_campaign=article_wire)

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*Originally published on [The BSCN Debrief](https://paragraph.com/@bscnalpha/blackrock-transfers-dollar151m-in-ether-to-coinbase-prime)*