$28.66 Million Bitcoin Transferred from Coinbase Prime to Grayscale Bitcoin Mini Trust
CryptoNewsTerminal Staff03 Aug, 2024
$28.66 Million Bitcoin Transferred from Coinbase Prime to Grayscale Bitcoin Mini Trust
Coinbase Prime sent 453 Bitcoin (BTC) worth $28.66 million to the Grayscale Bitcoin Mini Trust, according to Arkham Intelligence. This transaction demonstrates the ongoing institutional interest in the cryptocurrency market, as Grayscale is a major player in the digital asset management industry. The transfer of funds from Coinbase Prime, a service that provides institutional clients with access to digital assets, to Grayscale, a company that offers a variety of cryptocurrency investment products, signals a continued trend of institutional adoption of Bitcoin. This influx of institutional capital is expected to contribute to the long-term growth and stability of the cryptocurrency market.
