OP: The coax only matters if it’s plugged into a device in your rack and can create a new ground path. Coaxial ground loop eliminators are cheap and plentiful. Honestly everyone should use them just in case.
Having an antenna or cable TV cable grounded outside your home by a grounding block is code,and not by itself a problem. The problem is when that cable is connected inside to a set top box and that set top box is connected to your stereo. The outer shield in the coax now creates a very long and separate ground path.
By the way, we don’t have the same issues with Ethernet because Ethernet is inherently isolated. Mostly. For this reason we don’t have ground loops when your cable Internet is connected to devices inside via Ethernet.
PS - If the coax isn't used, make sure it's disconnected outside. Even though there may be no equipment at the provider side that long coax can function as an antenna and bring in lightning surges into the home. Leave the grounding block in place.