Fidelity has cumulatively transferred approximately 27,000 ETH to Galaxy Digital.
Original headline富达累计向 Galaxy Digital 转入约 2.7 万枚 ETH
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Fidelity Digital Assets transferred roughly 27,000 ETH, worth about $60.27 million, to Galaxy Digital on November 7, including a final tranche of 10,000 ETH valued near $22.32 million, according to Onchain Lens. The movement of a large ETH block from a major asset manager to a prominent digital-asset trading and liquidity firm highlights continued institutional activity in the Ethereum market. Traders will watch whether the transferred ETH is deployed for over-the-counter execution, lending, or market-making, and whether further Fidelity-linked transfers follow.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
Galaxy Digital (GLXY), ETH (ETH), Fidelity
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