PANews reported on August 16 that according to Arkham monitoring, at 21:25 Beijing time, Grayscale transferred 9056 ETH, 4232 ETH and 3386 ETH to the Coinbase Prime address respectively, with a total value of approximately US$42.9 million.

In addition, at 21:19 Beijing time, the Grayscale address also transferred out 700 BTC, worth approximately US$40.44 million.