Grayscale Transfers $53 Million in BTC and ETH to Coinbase Prime
CryptoNewsTerminal Staff03 Sep, 2024
Grayscale Transfers $53 Million in BTC and ETH to Coinbase Prime
Grayscale Investments, a leading digital currency asset manager, has transferred a significant amount of Bitcoin (BTC) and Ethereum (ETH) to Coinbase Prime, a custody and trading platform for institutional investors. According to on-chain data tracked by Arkham Intelligence, a Grayscale-linked address moved 644 BTC, worth over $38.2 million, and 5,919 ETH, valued at approximately $14.86 million, to a Coinbase Prime address. This substantial transfer of crypto assets highlights the growing institutional adoption of digital currencies and the increasing demand for secure custody and trading solutions.
