📊 On-chain Data Tracking: Grayscale Accumulation Dynamics
Monitoring data shows that today, assets worth $28.85 million in BTC and ETH flowed from Coinbase Prime's hot wallet into Grayscale's trust funds:
🔹 ETH Inflow:
1,131 ETH flowed into Grayscale's Ethereum Mini Trust Fund, totaling a value of $4.38 million.
🔹 BTC Inflow:
198.414 BTC flowed into Grayscale's Bitcoin Trust Fund, valued at $20.76 million. 35.458 BTC flowed into Grayscale's Bitcoin Mini Trust Fund, valued at $3.71 million.
Grayscale's ongoing accumulation indicates strong interest from institutional investors in crypto assets, especially as the market's anticipation for a spot Bitcoin ETF surges. Does this signal that a new round of institutional positioning is accelerating?🤔
