21Shares BTC ETP Transfers Massive Amount to Coinbase Prime According to data from Arkham Intelligence, two addresses associated with 21Shares Bitcoin Exchange Traded Product (ABTC) have transferred a total of 1,961 BTC, valued at approximately $124 million, to Coinbase Prime Custody addresses. The transaction occurred 16 hours ago. One of the involved addresses had been accumulating BTC for the past six days, and this is the first time in the past week that it has sent out Bitcoin. The reasons behind this substantial transfer remain unknown. However, Coinbase Prime is a leading custodian for institutional cryptocurrency investors, suggesting that 21Shares may be seeking to increase its exposure to this growing market. 21Shares is a leading provider of cryptocurrency exchange-traded products. Their Bitcoin ETP, ABTC, tracks the price of Bitcoin and is traded on several European stock exchanges. The transfer of such a large amount of Bitcoin to Coinbase Prime highlights the growing institutional interest in cryptocurrencies, and particularly in Bitcoin.