Coinbase Prime Transfers $5.23 Million in Bitcoin to Franklin Templeton's EZBC ETF
CryptoNewsTerminal Staff17 Sep, 2024
Coinbase Prime Transfers $5.23 Million in Bitcoin to Franklin Templeton's EZBC ETF
Coinbase Prime, the institutional arm of popular cryptocurrency exchange Coinbase, has transferred 86.979 Bitcoin (BTC) worth approximately $5.23 million to Franklin Templeton's Bitcoin Spot ETF (EZBC). This transaction was executed 16 hours ago from a Coinbase Prime hot wallet to the EZBC address, according to data from Arkham Intelligence. The Franklin Templeton Bitcoin Spot ETF (EZBC) is a fund designed to track the performance of Bitcoin. It was launched in March 2023 and has become a popular vehicle for investors seeking exposure to the cryptocurrency. Coinbase Prime's transfer of Bitcoin to EZBC suggests continued institutional interest in Bitcoin and cryptocurrency ETFs. This news follows a recent announcement from Coinbase Prime that it will expand its services to include non-fungible tokens (NFTs). The move further signals the growing institutional adoption of cryptocurrency and related assets.
