Fidelity Custody Transfers Significant Amounts Of ETH And BTC To Unmarked Addresses

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Fidelity Custody's recent transfer of substantial ETH and BTC to unmarked addresses suggests a potential shift in their asset management strategy, possibly indicating upcoming market movements.

According to PANews, Arkham data reveals that within the past half hour, Fidelity Custody's cold wallet address has transferred a total of 229,234 ETH to an unmarked address starting with 0x6970, valued at approximately $597 million. Additionally, another Fidelity Custody address has moved around 2,000 BTC to an unmarked address beginning with 3HFc92, worth about $127 million.

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