Massive Bitcoin Movement: Anonymous Wallets Transfer $96 Million to Ark Invest
CryptoNewsTerminal Staff16 Sep, 2024
Massive Bitcoin Movement: Anonymous Wallets Transfer $96 Million to Ark Invest
Ark Invest, a prominent investment management firm, has recently received a substantial influx of Bitcoin (BTC) worth $96.26 million. According to data from blockchain analytics firm Arkham Intelligence (ARKM), the funds originated from three anonymous addresses in separate transactions. Two of the anonymous addresses transferred a combined 858.93 BTC ($50.03 million) approximately 13 hours ago. The remaining 799 BTC ($46.23 million) was transferred from a different anonymous address 11 hours ago. These transactions highlight the significant activity in the cryptocurrency market, with large investors such as Ark Invest making substantial moves. The transfer of such a substantial amount of BTC to Ark Invest's Bitcoin ETF underscores the growing institutional interest in digital assets.
