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Bloomberg ETF analyst: US government to transfer bitcoin or organize wallet

The US government has once again transferred part of the bitcoin in the "Silk Road DOJ confiscated funds" after nearly four months. James Seyffart, a senior ETF analyst at Bloomberg, speculated that this transfer may be a wallet arrangement to safeguard the confiscated bitcoin. Previously, on July 2, Coinbase announced that the Department of Justice Marshals Service (USMS), a property forfeiture agency under the Department of Justice, has selected Coinbase Prime to provide custody and advanced trading services for its "Class I" (large asset) digital assets after a comprehensive process. These assets are centrally managed by the USMS to support federal law enforcement.