Bitcoin on the Move: Grayscale Deposits 525 BTC and 21,030 ETH to Coinbase Prime as BlackRock Withdraws 681 BTC and 6,000 ETH
BTC/USDT
$17,366,629,629.18
$71,554.95 / $68,531.50
Change: $3,023.45 (4.41%)
-0.0023%
Shorts pay
COINOTAG News reported, via LookIntoChain observations, a notable institutional flow on October 24: Grayscale deposited 525 BTC valued at about $57.22 million and 21,030 ETH roughly $80.84 million into Coinbase Prime, about three hours ago. This institutional liquidity activity signals continued demand for custody-ready crypto exposure within high-grade platforms.
Conversely, BlackRock withdrew 681 BTC (~$74.72 million) and 6,000 ETH (~$22.91 million) from Coinbase Prime about one hour ago. These sequential movements illustrate disciplined position management on a major custodial venue, contributing to evolving settlement dynamics and near-term liquidity shifts in the digital asset market.
