Grayscale, a prominent cryptocurrency investment firm, recently transferred 110,867 ETH to Coinbase Prime, totaling $358,000,000. This significant move comes as the price of Ethereum experiences a correction in the market. The transfer highlights the growing interest in Ethereum by institutional investors, as well as the ongoing volatility in the cryptocurrency space. This transfer to Coinbase Prime is likely a strategic move by Grayscale to continue diversifying their holdings and taking advantage of market opportunities. It will be interesting to see how this transfer impacts the price and overall market sentiment of Ethereum in the coming days.
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