The digital asset investing company Grayscale transferred $13.25 million in Ethereum to Flow Traders, in the past 24 hours. Fees are likely being taken out of Grayscale’s Ethereum Trust.
![Arkham Intelligence data](https://www.cryptotimes.io/wp-content/uploads/2024/02/sxMhbNLZIyXSZ367XkPXxqEXHF8O4-HkszHWBP_JVlMOsjy16JuvfLntdTf8AGQ-b5nEwvqOME6-DP_o2_2zuEqhGWS9Cgfm6DkXPRX6LvCgQZBIAhZYq3g34i8JSDj8qdVT2npZmaIEC4zURkDmzak.png)
According to Arkham Intelligence data, Grayscale has sent Flow Traders 5.86K Ethereum, which is worth $13.25 million. As per the post by Arkham, Grayscale’s Ethereum Trust generates around $14 million in monthly revenue at a 2.5% fee on the current NAV.
It also transferred about 482.1 Ethereum to Coinbase Prime, for a total of $1.11 million. Also, Grayscale Trust recently sent 12,213 Bitcoins to Coinbase Prime, valued at $488 million, demonstrating the volatile nature of cryptocurrency movements.
Also Read: Bitcoin Might Face $34K Correction Amid Grayscale Sales