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Coinbase Institutional Ether Transfers Show $1.4 Million More Inbound Value

The difference reflects stated dollar values: $61.1 million came in and $59.7 million went out. A separate Bitcoin transfer was valued at $197.8 million.

Updated 1 min read
A glass office entrance stands in San Francisco’s Financial District under overcast afternoon light. / EconoTimes.ai (mono)
A glass office entrance stands in San Francisco’s Financial District under overcast afternoon light. / EconoTimes.ai (mono)

Ether transfers involving Coinbase Institutional showed $1.4 million more stated dollar value entering than leaving over three hours, providing a snapshot of institutional crypto flows.

The period ended at 1:02 p.m. ET on Nov. 13. The reported combined value of the three transfers was $318.7 million; their displayed individual valuations total $318.6 million.

Coinbase Institutional received 31,731 Ether (ETH), valued at $61.1 million, at 11:29 a.m. ET from a wallet labeled unknown. A minute later, 31,018 ETH, valued at $59.7 million, moved from Coinbase Institutional to a new wallet whose owner was not identified. The displayed dollar values put inbound transfers about $1.4 million above outbound transfers.

Elsewhere in the period, 2,878 Bitcoin (BTC) valued at $197.8 million moved between two wallets identified as unknown at 11:44 a.m. ET. The record named no exchange.

The entries stop at the wallet movements and provide no indication of how the assets were handled afterward.

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