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Grayscale Transfers $359 Million in BTC, ETH, and SOL to Coinbase Prime

BlackRock's recent transactions include a deposit of $28.36 million in Bitcoin and a withdrawal of $45.47 million in Ethereum, showcasing continued institutional activity.

BTC
ETH

Summary

BlackRock has made two significant transactions on Coinbase Prime: depositing 272.4 BTC ($28.36 million) and withdrawing 12,098 ETH ($45.47 million). This activity adds to the growing trend of institutional involvement in the cryptocurrency market.

Terms & Concepts
  • Coinbase Prime: A trading platform by Coinbase designed for institutional clients, offering advanced trading, custody, and settlement services.
  • On-chain data: Information recorded directly on a blockchain network that can be accessed and verified publicly.
  • BTC, ETH, SOL: Ticker symbols for Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), representing three major cryptocurrencies.