The digital asset investing company Grayscale transferred $13.25 million in Ethereum to Flow Traders, in the past 24 hours. Fees are likely being taken out of Grayscale’s Ethereum Trust.
According to Arkham Intelligence data, Grayscale has sent Flow Traders 5.86K Ethereum, which is worth $13.25 million. As per the post by Arkham, Grayscale’s Ethereum Trust generates around $14 million in monthly revenue at a 2.5% fee on the current NAV.
It also transferred about 482.1 Ethereum to Coinbase Prime, for a total of $1.11 million. Also, Grayscale Trust recently sent 12,213 Bitcoins to Coinbase Prime, valued at $488 million, demonstrating the volatile nature of cryptocurrency movements.
Also Read: Bitcoin Might Face $34K Correction Amid Grayscale Sales
