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BlackRock Deposits 47,463 ETH into Coinbase Prime Amid ETF Redemptions

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ETF news trading picked up pace as BlackRock deposited 47,463 ETH ($140 million) into Coinbase Prime on December 16. The move aligns with fund adjustments amid a $221.3 million net outflow from its ETHA fund, which dominated U.S. Ethereum ETF redemptions. Day trading crypto activity remains strong, with the deposit signaling ongoing institutional Ethereum exposure. BlackRock’s actions highlight its continued role in the crypto-ETF market.
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