The post Just-In: BlackRock Dumps 44,140 ETH Despite Vanguard Listing Ethereum ETF appeared on BitcoinEthereumNews.com. Key Insights Ethereum news: BlackRock moved another 44,140 ETH to Coinbase, sparking speculation of a pullback. Continuing outflows from BlackRock Ethereum ETF (ETHA) kept investors in limbo. Bulls hold ETH price above $3,000 key level. Analysts predict a price drop to $2,800 if the support level is lost. BlackRock, the world’s largest asset manager, sold another 44,140 ETH from its exchange-traded fund on Wednesday. This shows a negative outlook for Ethereum among institutional and retail investors. This comes despite massive Ethereum news of $11 trillion Vanguard’s paradigm shift on crypto assets. The second-largest asset manager listed Ethereum ETFs and other crypto products. Will this cause ETH price to slip below $3,000 again? Ethereum News: BlackRock Moves Massive ETH to Coinbase According to on-chain data platform Lookonchain data, BlackRock deposited 44,140 ETH valued at $135.36 million into Coinbase. The move typically triggers a drop in ETH price. The $135.36 million ETH dump sparked speculation among traders whether institutions are bearish on Ethereum despite Vanguard listing spot Ethereum ETFs, including BlackRock Ethereum ETF (ETHA). BlackRock Moves ETH to Coinbase | Source: Arkham As TheCoinRepublic reported earlier, BlackRock moved 43,237 ETH valued at $117 million into Coinbase. It caused ETH price to tumble to $2,643, extending the single-day drop to 11%. Sentiment among investors continues to fall as BlackRock has kept trimming its ETH holdings recently. However, the selloff on the day of the Fusaka upgrade raised speculation. Is it a sell-the-news event? This upgrade introduces PeerDAS to boost data throughput by 8x. It will also reduce Layer-2 blob fees by 30-80% and support heavier apps like on-chain games and DeFi. Also, it reduces node hardware requirements and enables over 100,000 TPS across the Layer-2 blockchains. The upgrade enhances Ethereum’s scalability, reinforcing its dominance in DeFi. ETH price rallied 58% after the Pectra… The post Just-In: BlackRock Dumps 44,140 ETH Despite Vanguard Listing Ethereum ETF appeared on BitcoinEthereumNews.com. Key Insights Ethereum news: BlackRock moved another 44,140 ETH to Coinbase, sparking speculation of a pullback. Continuing outflows from BlackRock Ethereum ETF (ETHA) kept investors in limbo. Bulls hold ETH price above $3,000 key level. Analysts predict a price drop to $2,800 if the support level is lost. BlackRock, the world’s largest asset manager, sold another 44,140 ETH from its exchange-traded fund on Wednesday. This shows a negative outlook for Ethereum among institutional and retail investors. This comes despite massive Ethereum news of $11 trillion Vanguard’s paradigm shift on crypto assets. The second-largest asset manager listed Ethereum ETFs and other crypto products. Will this cause ETH price to slip below $3,000 again? Ethereum News: BlackRock Moves Massive ETH to Coinbase According to on-chain data platform Lookonchain data, BlackRock deposited 44,140 ETH valued at $135.36 million into Coinbase. The move typically triggers a drop in ETH price. The $135.36 million ETH dump sparked speculation among traders whether institutions are bearish on Ethereum despite Vanguard listing spot Ethereum ETFs, including BlackRock Ethereum ETF (ETHA). BlackRock Moves ETH to Coinbase | Source: Arkham As TheCoinRepublic reported earlier, BlackRock moved 43,237 ETH valued at $117 million into Coinbase. It caused ETH price to tumble to $2,643, extending the single-day drop to 11%. Sentiment among investors continues to fall as BlackRock has kept trimming its ETH holdings recently. However, the selloff on the day of the Fusaka upgrade raised speculation. Is it a sell-the-news event? This upgrade introduces PeerDAS to boost data throughput by 8x. It will also reduce Layer-2 blob fees by 30-80% and support heavier apps like on-chain games and DeFi. Also, it reduces node hardware requirements and enables over 100,000 TPS across the Layer-2 blockchains. The upgrade enhances Ethereum’s scalability, reinforcing its dominance in DeFi. ETH price rallied 58% after the Pectra…

Just-In: BlackRock Dumps 44,140 ETH Despite Vanguard Listing Ethereum ETF

For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

Key Insights

  • Ethereum news: BlackRock moved another 44,140 ETH to Coinbase, sparking speculation of a pullback.
  • Continuing outflows from BlackRock Ethereum ETF (ETHA) kept investors in limbo.
  • Bulls hold ETH price above $3,000 key level.
  • Analysts predict a price drop to $2,800 if the support level is lost.

BlackRock, the world’s largest asset manager, sold another 44,140 ETH from its exchange-traded fund on Wednesday.

This shows a negative outlook for Ethereum among institutional and retail investors. This comes despite massive Ethereum news of $11 trillion Vanguard’s paradigm shift on crypto assets.

The second-largest asset manager listed Ethereum ETFs and other crypto products. Will this cause ETH price to slip below $3,000 again?

Ethereum News: BlackRock Moves Massive ETH to Coinbase

According to on-chain data platform Lookonchain data, BlackRock deposited 44,140 ETH valued at $135.36 million into Coinbase. The move typically triggers a drop in ETH price.

The $135.36 million ETH dump sparked speculation among traders whether institutions are bearish on Ethereum despite Vanguard listing spot Ethereum ETFs, including BlackRock Ethereum ETF (ETHA).

BlackRock Moves ETH to Coinbase | Source: Arkham

As TheCoinRepublic reported earlier, BlackRock moved 43,237 ETH valued at $117 million into Coinbase. It caused ETH price to tumble to $2,643, extending the single-day drop to 11%.

Sentiment among investors continues to fall as BlackRock has kept trimming its ETH holdings recently.

However, the selloff on the day of the Fusaka upgrade raised speculation. Is it a sell-the-news event?

This upgrade introduces PeerDAS to boost data throughput by 8x. It will also reduce Layer-2 blob fees by 30-80% and support heavier apps like on-chain games and DeFi.

Also, it reduces node hardware requirements and enables over 100,000 TPS across the Layer-2 blockchains. The upgrade enhances Ethereum’s scalability, reinforcing its dominance in DeFi.

ETH price rallied 58% after the Pectra upgrade. However, market conditions differ as long-term holders and whales remain short or liquidate their Ethereum holdings.

Outflows from Ethereum ETF Resume

According to Farside Investors data, spot Ethereum ETF in the United States recorded $9.9 million in net outflows on Tuesday. This was the second consecutive selloff, dragging ETH prices lower.

Spot Ethereum ETFs Outflow | Source: Farside Investors

BlackRock Ethereum ETF (ETHA) was the only one to see outflows. It saw $88.7 million in outflows.

Meanwhile, Fidelity recorded $50.7 million in inflows. And Grayscale’s ETH ETF saw $28.1 million in inflow. The outflow from Ethereum ETFs is considered a negative signal, which earlier triggers massive selloffs.

Ethereum News: Will Price Tumble Below $3,000 Again?

Analyst Crypto Tony pointed out that Ethereum price can still see a bigger drop. He recommends trading ETH until the FOMC meeting and bags spot ETH amid high trading volumes.

Analyst Ted Pillows highlighted the $3,000 as the key support zone. He claimed that Ethereum could rally towards $3,200 level as long as this holds.

Ethereum Price 1-Day Chart | Source: Ted Pillows

If bulls fail to hold the advance, ETH could drop back to $2,800. He expects a major retrace to follow amid technical chart weakness.

At the time of writing, Ethereum price was trading at $3,082, up more than 8% over the past 24 hours. The intraday low and high were $2,817 and $3,084, respectively.

Furthermore, the trading volume has increased by 18% in the last 24 hours. This indicates a slight interest among traders amid a heavy macroeconomic week.

Source: https://www.thecoinrepublic.com/2025/12/03/just-in-blackrock-dumps-44140-eth-despite-vanguard-listing-ethereum-etf/

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