BlackRock-Linked ETH Transfer Adds Pressure to Ether ETF Redemptions
A 72,212 ETH transfer to Coinbase Prime coincided with substantial withdrawals from two BlackRock Ethereum funds as the broader crypto market remained subdued.
A 72,212 ETH transfer to Coinbase Prime coincided with substantial withdrawals from two BlackRock Ethereum funds as the broader crypto market remained subdued. Ethereum (ETH) is trading at ₹1,89,586 ($2,018.39), down 3.3% since this brief published. This is an original Token Times brief based on reporting by Blockonomi, with live market data added, as of Tue, 10 Nov 2026 16:45:01 UTC.
The movement puts institutional redemption activity and ETH supply reaching exchanges in the same frame. The funds represented most of the reported November 9 Ethereum ETF outflows, making BlackRock-linked activity central to the latest pressure on spot Ether products.
- BlackRock-linked wallets sent 72,212 ETH, valued at $151.4 million, to Coinbase Prime
- ETHA and ETHB recorded $119.3 million and $20.8 million in net outflows
- The two BlackRock funds generated about 76% of November 9 ETF withdrawals
- Ether traded at $2,087.84, down 1.71% over 24 hours and 8.96% over seven days
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- BlackRock-Linked ETH Transfer Adds Pressure to Ether ETF Redemptions — this brief
BlackRock-linked wallets transferred 72,212 ETH, worth $151.4 million, to Coinbase Prime, according to Blockonomi’s report of Lookonchain data. The movement places a sizable quantity of Ether with a prime brokerage platform while US spot 
Ethereum ETFs were experiencing continued redemptions.
Blockonomi said BlackRock’s ETHA recorded $119.3 million in net outflows on November 9. Its staked Ethereum fund, ETHB, registered another $20.8 million in net withdrawals. Together, the two funds accounted for approximately 76% of all Ethereum ETF net outflows reported for that date, making BlackRock-linked products the dominant source of the day’s redemption activity.
The broader outflow trend had already appeared in the preceding sessions covered by Live 
Bitcoin News. US spot Ether ETFs lost about $93.19 million on November 6, following nearly $100 million of exits on November 5, according to SoSoValue figures supplied by that outlet. ETHA generated almost all of the November 6 withdrawals, so both outlets identify the same product as a central driver, though Blockonomi also includes ETHB and a separate wallet transfer.
Live market data show Ether at $2,087.84, down 1.71% over 24 hours and 8.96% over seven days. Ethereum’s market capitalization stands at $255.15 billion. The wider crypto market is flat with a total capitalization of $2.55 trillion, while Bitcoin is down 0.20% over 24 hours and the Fear & Greed Index reads 32, placing sentiment in the Fear zone.
The reported combination of ETF withdrawals, fund-specific outflows and a transfer to Coinbase Prime makes institutional flows the main issue to monitor. The available figures cover different trading dates, so they do not establish that the wallet transfer caused the ETF redemptions; they instead show BlackRock-linked activity occurring alongside a sustained period of pressure across US spot Ether products.
Since this brief published about 2 hours ago, Ethereum (ETH) has moved from ₹1,96,109.12$2,087.84 to ₹1,89,585.74$2,018.39 — -3.33%, a notable move.
The chart plots ETH's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will Ethereum dip to $1,750 by December 31, 2026?
Crowd-implied probability on Polymarket, ₹7.61M 24h volume, resolves Jan 1 — snapshotted when this brief published (Nov 10 15:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by Token Times and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 ETH ≈ ₹200,829.81 (about $2,018.39), down 5.2% over 24 hours. The rupee itself trades about 5.9% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 10, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
BlackRock-Linked ETH Transfer Adds Pressure to Ether ETF Red — questions & answers
How much ETH did BlackRock-linked wallets transfer?
BlackRock-linked wallets transferred 72,212 ETH to Coinbase Prime, which Blockonomi valued at $151.4 million.
How large were BlackRock’s ETF outflows?
ETHA recorded $119.3 million in net outflows and ETHB recorded $20.8 million on November 9. Together, they represented about 76% of that day’s total Ethereum ETF outflows.
What did the transfer mean for Ether’s price?
The transfer occurred during a period of ETF redemptions, but the supplied figures do not establish causation. Ether was down 1.71% over 24 hours and 8.96% over seven days.
How much is 1 Ethereum worth in rupee today?
About ₹200,829.81 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $2,018.39. The rupee price moves with both ETH's US-dollar price and the USDT/INR rate; use our Ethereum in rupee page for any amount.
Has Ethereum's price moved since this brief was published?
ETH is down 3.33% since this brief first published — trading at ₹1,89,586 ($2,018.39) now versus ₹1,96,109 ($2,087.84) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Blockonomi. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.