21Shares BTC ETP Transfers 1,961 BTC to Coinbase Prime Custody, Totaling $124.19 Million

Quick Summary:

21Shares BTC ETP Transfers 1,961 BTC to Coinbase Prime Custody, Totaling $124.19 Million In a significant transfer, 21Shares Bitcoin ETP (ABTC) moved 1,961.159 BTC, valued at approximately $124.19 million, to Coinbase Prime custody, according to data from Arkham.

This transfer could be indicative of a broader trend, where ETPs and other institutional vehicles shift their focus towards securing assets with trusted custodians like Coinbase Prime.

The amount transferred underscores the importance of Coinbase Prime, a platform designed for institutional clients, as a secure venue for managing large amounts of cryptocurrency.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Latest News 21Shares BTC

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-25 @ 12:51:01 (2 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 630 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 22706647

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 15 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 15 hours ago

Coverage Areas: India

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Publisher ID: #121

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