Basri Caneri 
Crypto investment giant Grayscale has started large-scale Ethereum (ETH) transfers immediately after the opening of US exchanges. These transactions to the Coinbase Prime wallet reveal the movement of institutional investors in the market.
According to the latest data, a total of 11.3K ETH (approximately $30 million) was transferred from Grayscale Ethereum Trust (ETHE) funds. The first transaction was 5,852K ETH (approximately $15.46 million), followed by 5,434K ETH (approximately $14.36 million) transferred to Coinbase.
In addition, another large transfer from Grayscale Bitcoin Trust (GBTC) wallets took place 20 minutes ago. The transfer of 691.5 BTC (approximately $66.5 million) worth of Bitcoin caught the attention of market players. Such large-scale movements can often signal fund outflows or repositioning strategies.
Institutional investors seem to be more active in the markets, especially after the approval of spot Bitcoin ETFs. Grayscale’s recent transfers could be a critical signal to understand investors’ risk appetite and the future direction of the market.
These large transfers, which come with the opening of exchanges, can cause high volatility in the markets. Investors are closely watching how these moves will affect Bitcoin and Ethereum prices.
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