- Around 26,610 ETH moved out, worth roughly $91 million
- BlackRock-linked wallets still hold millions of ETH despite the sale
- Market reaction stayed calm, hinting at routine portfolio adjustment
Large ETH Transfer Catches Traders’ Attention
What happens when one of the world’s biggest asset managers shows movement in its crypto positions? In recent on-chain activity, a wallet tied to BlackRock’s institutional ecosystem transferred about 26,610 ETH, an amount valued near $91 million at current prices.
The transactions were routed through Coinbase Prime, a platform commonly used by large institutions. That detail suggests these weren’t retail moves or panic sales, but rather activity linked to professional custodial accounts used by BlackRock’s clients.
Although the size grabbed attention, it doesn’t signal a complete shift away from Ethereum. Data still shows that addresses connected to BlackRock-related funds continue to hold millions of ETH, worth several billions of dollars, making Ethereum one of its largest crypto exposures after Bitcoin.
Rebalancing, Not a Retreat
While there has been no official comment from BlackRock, market analysts largely view the move as portfolio rebalancing rather than an outright bearish stance. Major institutions frequently adjust allocations based on performance, liquidity needs, or client redemptions, especially when one asset outperforms another.
This timing is especially notable because Bitcoin recently saw heavy ETF inflows while some Ethereum products recorded outflows. That difference likely encouraged a temporary shift in exposure, with capital following short-term momentum rather than abandoning Ethereum entirely.
Ethereum’s price reacted mildly, dipping for a moment before stabilizing. That steady response shows traders are treating the activity as strategic repositioning, not an alarm bell. Despite short-term pressure, Ethereum continues to play a central role in smart contracts, DeFi, and tokenization — areas even traditional finance leaders have called the future of digital markets.
In the bigger picture, this movement highlights a key reality: institutional hands now shape crypto flows more than ever. And even when they sell, they’re still very much in the game.
