BlackRock's Ethereum Movements Are Hard to Ignore as ETHA Sheds $1.42B in October

Wallets linked to BlackRock transferred 580,145 ETH—worth about $1.32 billion—over the past month, according to Lookonchain. The funds moved from Coinbase Prime deposit addresses to its hot wallets. BlackRock's iShares Ethereum Trust ETF (ETHA) recorded roughly $1.42 billion in net withdrawals in October, Farside data shows, with no positive-flow sessions during the month. ETHA accounted for about 88.4% of total withdrawals across tracked Ethereum ETFs.