Arkham states that Grayscale transferred about $112 million in Bitcoin to Coinbase Prime on May 28, extending a pattern of large institutional crypto flows to centralized platforms this year.
Grayscale transferred 1,530.704 Bitcoin valued at about $112 million to Coinbase Prime within the past hour, according to blockchain analytics firm Arkham on May 28. The new report adds that the move contributes to a steady pattern of institutional-sized flows reaching centralized venues this year. The source confirms the size, estimated value, and destination of the transfer but does not provide a reason for the transaction.