Arkham data indicates Grayscale recently moved significant BTC and ETH holdings to Coinbase Prime, marking another large-scale crypto transfer by the asset manager.
On Feb. 5, Grayscale transferred 603.804 Bitcoin (BTC) valued at about $42.03 million and 206.65 Ethereum (ETH) worth roughly $420,000 to Coinbase Prime, according to blockchain analytics firm Arkham. This follows earlier large movements, including 1,183 BTC and 1,187 ETH totaling approximately $91 million, also directed to Coinbase Prime. Such substantial transactions are commonly linked to portfolio rebalancing, liquidity adjustments, or institutional trading strategies.