---
title: "BlackRock Dumps ETH Again as Prices Surge Past $3,000"
date: 2025-12-03
author: "Barry Elad"
featured_image: "https://sqmagazine.co.uk/wp-content/uploads/2025/12/blackrock-dumps-44-140-eth-amid-market-rally.jpg"
categories:
  - name: "Cryptocurrency"
    url: "/crypto.md"
tags:
  - name: "News"
    url: "/tag/news.md"
---

# BlackRock Dumps ETH Again as Prices Surge Past $3,000

BlackRock has triggered new waves of speculation after moving over **$135 million worth of Ethereum** to Coinbase, even as crypto markets rally.

## Quick Summary – TLDR:

- BlackRock transferred 44,140 ETH worth around $135.36 million to Coinbase Prime
- The selloff continues a month-long Ethereum unloading streak by BlackRock’s ETF wallet
- This comes despite a 7% surge in ETH price, which hit a multi-week high above $3,100
- Market analysts remain divided on whether this signals profit-taking or deeper sentiment shifts

## What Happened?

BlackRock, the world’s largest asset manager, deposited **44,140 ETH to [Coinbase Prime](https://sqmagazine.co.uk/coinbase-statistics/)** in five separate batches on December 3, reigniting discussions in the crypto world. This marks the latest move in a series of similar Ethereum sell-offs dating back over a month. Despite the recent crypto rally, BlackRock continues to offload large volumes of ETH, leaving investors puzzled about its strategy.

> 🚨 BREAKING:  
>   
> BLACKROCK DUMPED 44,140 [$ETH](https://twitter.com/search?q=%24ETH&src=ctag&ref_src=twsrc%5Etfw) WORTH $135.3M TODAY  
>   
> WHAT IS GOING ON?? [pic.twitter.com/RtE2d9ugal](https://t.co/RtE2d9ugal)
> 
> — ardizor 🧙‍♂️ (@ardizor) [December 3, 2025](https://twitter.com/ardizor/status/1996236256087286149?ref_src=twsrc%5Etfw)

 ## BlackRock’s ETH Selloff Raises Eyebrows

The crypto community was quick to notice the transaction thanks to on-chain data platform Lookonchain. The value of the transferred [Ethereum](https://sqmagazine.co.uk/ethereum-statistics/) was approximately **$135.36 million**, executed in four batches of 10,000 ETH and one final transfer of 4,140 ETH.

This aggressive move comes at a time when **Ethereum surged over 7% in 24 hours**, reclaiming a high of around $3,100. Instead of pausing amid the rally, BlackRock has continued to offload ETH, adding to the uncertainty about its motives.

![Ethereum Price 3rd December](https://sqmagazine.co.uk/wp-content/uploads/2025/12/ethereum-price-3rd-december.jpeg)Image Credit – [CoinGecko.com](https://www.coingecko.com/en/coins/ethereum)

Some speculate that this could be an **ETF rebalancing** or a **profit-taking strategy**, while others suspect a broader shift in institutional sentiment. BlackRock has not commented on the move, which further deepens the mystery.

## Vanguard’s Entry and ETF Outflows

Interestingly, this selloff came just as **Vanguard**, the second-largest asset manager, began listing Ethereum ETFs, including the **BlackRock Ethereum ETF (ETHA)**. However, BlackRock’s ETF was the only one to record **significant outflows**, with **$88.7 million pulled**, according to Farside Investors.

In contrast, **Fidelity saw $50.7 million in inflows** and **Grayscale logged $28.1 million**, highlighting a shift in investor preference away from BlackRock’s ETH exposure.

Such moves have sparked concerns that institutional sentiment toward Ethereum may be weakening, even in the face of bullish market signals.

## Ethereum Fundamentals Remain Strong

Despite the heavy selling, Ethereum continues to build on its technological strengths. The **Fusaka upgrade**, rolled out the same day as BlackRock’s selloff, introduced **PeerDAS**, a feature that boosts **data throughput by up to 8x** and slashes **Layer-2 blob fees by 30 to 80%**. The upgrade aims to improve scalability, lower node hardware requirements, and make room for heavier apps like games and [DeFi protocols](https://sqmagazine.co.uk/defi-lending-protocols-statistics/).

This came after Ethereum’s recent **58% rally post-Pectra upgrade**, though current market conditions are different. **Trading volumes jumped 18%** over the last 24 hours, signaling growing interest. However, if ETH loses the $3,000 support level, analysts warn the price could dip to **$2,800**.

## SQ Magazine’s Takeaway

If you’re watching the crypto market and wondering what BlackRock is up to, you’re not alone. I find this move confusing too. Selling off massive chunks of ETH during a rally isn’t typical behavior unless there’s a deeper play at hand. Whether it’s ETF rebalancing, cashing out, or a signal of shifting sentiment, this shows how unpredictable the crypto landscape remains even for the biggest players. For retail investors, it’s a reminder to watch the whales but also trust your own strategy. This market is not for the faint-hearted.