According to publicly available on-chain data, on May 8, Ethereum whale Garrett Jin transferred 78,077 ETH to Binance (about $178 million). The same day, iShares Ethereum Trust (ETHA) under BlackRock and FETH under Fidelity together sent a total of 35,394 ETH to exchanges (about $80.7 million).
Garrett Jin On-Chain Transfer Details
According to publicly available on-chain data, the address identified on-chain as #BitcoinOG1011 (former BitForex CEO Garrett Jin) transferred 78,077 ETH to Binance on May 8, 2026 (about $178 million). Two days earlier (May 6, 2026), the same address transferred 165,000 ETH to Binance in a similar manner. As of the time of reporting on May 8, 2026, the address still held 303,618 ETH (about $692.5 million) and 9,343 bitcoins (BTC).
On-chain records show that Garrett Jin previously included actions such as shorting Bitcoin worth about $735 million before the major Bitcoin drop in October 2025. Notably, on-chain data cannot confirm the specific intent behind this transfer; spot sales, hedging, or portfolio rebalancing are all possible reasons, and the on-chain records cannot distinguish among them.
BlackRock and Fidelity ETH Institutional Transfer Data
According to publicly available on-chain data, on May 8, 2026, ETHA under BlackRock sent 11,475 ETH to Coinbase Prime (about $26.27 million). FETH under Fidelity then, within roughly the next hour, sent 23,919 ETH to Coinbase Prime (about $54.44 million). Together, the two sent 35,394 ETH (about $80.7 million).
ETF issuers sending ETH to Coinbase Prime does not necessarily indicate a spot sale. Per industry practice, issuers typically use Coinbase Prime for redemption basket operations, custody transfers, and related fund movements involving authorized participants.
Ethereum Spot ETF Fund Flows: May 7 Data
According to SoSoValue data, on May 7, 2026, U.S. spot Ethereum ETFs recorded a total net outflow of $103.51 million, with the highest redemption amount from FETH under Fidelity, at $62.26 million. The redemption amount for ETHA under BlackRock was $26.31 million. As of the time of reporting on May 8, 2026, the ETH trading price was approximately $2,289.
FAQ
What are the data sources for the scale and current holdings of Garrett Jin’s latest ETH transfer?
According to publicly available on-chain data, Garrett Jin (on-chain identifier #BitcoinOG1011) transferred 78,077 ETH to Binance on May 8, 2026 (about $178 million). As of the time of reporting, the address still held 303,618 ETH (about $692.5 million) and 9,343 BTC.
What are the specific quantities and amounts of ETH transferred this time from BlackRock and Fidelity to Coinbase Prime?
According to publicly available on-chain data, on May 8, 2026, BlackRock’s ETHA sent 11,475 ETH to Coinbase Prime (about $26.27 million), and Fidelity’s FETH subsequently sent 23,919 ETH (about $54.44 million). In total: 35,394 ETH (about $80.7 million).
What is the data source for the May 7 fund flow of U.S. spot Ethereum ETFs?
According to SoSoValue data, on May 7, 2026, U.S. spot Ethereum ETFs had a total net outflow of $103.51 million. Of this, Fidelity FETH redeemed $62.26 million and BlackRock ETHA redeemed $26.31 million.
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