Grayscale Moves Millions in Crypto to Coinbase: Market Impact Looms

A significant transfer of over $90 million worth of Bitcoin (BTC) and Ethereum (ETH) by Grayscale, a leading institutional crypto manager, to Coinbase Prime has raised eyebrows in the market. This action signals potential shifts in how major cryptocurrencies are traded, potentially impacting liquidity for both BTC and ETH. The move follows Grayscale’s established pattern of transferring large amounts of assets, indicating a strategic approach to managing their holdings.