Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
CFD
Stock CFD Derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
3.8%
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
IPO Access
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
BlackRock Moves 8,700 Ethereum to Coinbase: Why Traders Are Watching - U.Today
In recent hours, global investment manager BlackRock executed an Ethereum transfer that was reported by onchain data tracker Onchain Lens.
According to Onchain Lens, BlackRock transferred 8,700 ETH, worth nearly $15.81 million, to Coinbase Prime.
It will not be the first time BlackRock has moved Ethereum and, likewise, Bitcoin to Coinbase Prime; on July 9, BlackRock moved 951.5 BTC worth $59 million to Coinbase Prime and the IBIT ETF withdrew 883.6 BTC (worth $54.8 million) from Coinbase Prime on July 8, but this particular ETH transaction comes with further details.
HOT Stories
'Not Happening': Former SWIFT Exec Shuts Down XRP Integration Rumors
XRP, Shiba Inu, Solana (SOL) and Ethereum (ETH) Price Analysis for June 10: Market Fuel Comes In Handy
Onchain Lens noted that the said ETH — 8,700 tokens — were moved from BlackRock's Ethereum ETF-related wallets to Coinbase Prime and coincided with outflows from the BlackRock ETHA ETF.
According to data from Sosovalue, the BlackRock ETHA ETF saw outflows of 7,240 ETH, or $12.67 million worth, on July 9, adding to net negative inflows for Ethereum ETFs.
On July 9, Ethereum ETFs saw total outflows of $52.08 million, with Fidelity's FETH leading the charge.
Why are traders watching?
ETF flows defined the past quarter, with June marking a record in redemptions. Ethereum ETFs posted $690 million in net outflows, extending the negative flow streak from Q1.
After a weak first half, traders are seeking clues on what the rest of 2026 holds. According to historical data, Q3 has often marked the beginning of strong recoveries.
According to CoinGlass data, Ethereum averaged gains of 8.08% in Q3, recording seven green Q3s out of eleven since 2016. In 2025, Ethereum netted gains of 66.55%, pointing to an average positive performance in Q3.
However, past performance may not be a guarantee, with additional catalysts being watched. Ethereum (ETH) outperformed Bitcoin in the last 24 hours, rising 2.6% to $1,790 as it seeks to snap a trend of sequential lower highs and lower lows.