Grayscale Deposits Nearly 8,700 ETH to Coinbase Prime, Worth ~$13.77M

News Editor

2026-06-26 18:31:25

According to Arkham monitoring, Grayscale deposited 8,697 ETH (approx. $13.77 million) to Coinbase Prime within the past two hours. The large transfer draws market attention, possibly signaling redemption or liquidity management by the crypto asset manager.

Grayscale's Large ETH Deposit to Coinbase Prime

On-chain data from Arkham shows that Grayscale transferred a total of 8,697 Ether (ETH), worth approximately $13.77 million, to a Coinbase Prime address over the past two hours. The transaction occurred in the early hours of June 27 UTC, marking one of Grayscale's more notable ETH movements recently.

Coinbase Prime serves as an institutional custody and trading platform, and Grayscale has previously used it for asset transfers or liquidity operations. This deposit could be tied to redemption activity for Grayscale's Ethereum Trust (ETHE) or market-making preparations, though the exact intent has not been disclosed.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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