Grayscale transferred approximately 4989 BTC to Coinbase Prime address
Grayscale transferred approximately 4,989.24 BTC worth about $338 million to Coinbase Prime at around 22:12 on March 8th Beijing time. In addition, Grayscale also transferred 2,400 Bitcoins (worth about $162.7 million) to three new addresses, which are suspected to be Grayscale's new custody addresses.
Grayscale transferred approximately 4,556 BTC to the Coinbase Prime address, equivalent to approximately US$305 million
Arkham monitoring shows that Grayscale transferred 4,556.259 BTC, worth about $305 million, to the Coinbase Prime address at around 22:25 on March 7th Beijing time.
Grayscale transferred approximately 5,584 BTC to the Coinbase Prime address, worth approximately US$377 million
Arkham monitoring reported that Grayscale transferred over 5,584 BTC, worth approximately $377 million, to the Coinbase Prime address at around 22:20 Beijing time on March 5th. In addition, Grayscale also transferred 1,982 BTC (worth approximately $134 million) to three new addresses, suspected to be Grayscale's new custody addresses.
Grayscale’s outflows slowed to $367.95 million on March 4
According to on-chain analyst Yu Jin's monitoring, Grayscale (GBTC) saw a slowdown in fund outflows last night (March 4th), with a total of $367.95 million. In addition, iBit (IBIT) and Fidelity (FBTC) have made a move, with both seeing inflows of up to $824.69 million, resulting in a net inflow of $562.74 million for BTC spot ETFs on March 4th, pushing BTC prices above $68,000. On March 4th, ten BTC spot ETFs saw a net inflow of $562.74 million, corresponding to a net inflow of approximately 8,310 BTC to ETF custody addresses after the opening of the US stock market tonight (March 5th): • Outflows: Grayscale (GBTC), Jingshun (BTCO), VanEck (HODL), and WisdomTree (BTCW) saw outflows of approximately 5,947 BTC (corresponding to fund outflows of $402.61 million on March 4th); • Inflows: The remaining six ETFs saw inflows of approximately 14,257 BTC (corresponding to fund inflows of $965.35 million on March 4th), with iBit (IBIT) and Fidelity (FBTC) being the main players, with inflows of 12,180 BTC ($824.69 million). Currently, the ten BTC spot ETFs hold a total of 775,496 BTC ($52.5B).
Cointime March 2nd News Express
1. Nigeria’s presidential adviser denies asking Binance to pay $10 billion fine
Grayscale ETH Trust’s negative premium rate is 10.03%
Coinglass data shows that the current Grayscale ETH Trust premium rate is 10.03%, and the ETC Trust premium rate is 37.63%.
Grayscale Report: Stubborn Inflation and Rate Cuts Delay or Hinder Rise in Cryptocurrency Valuations
Grayscale analysts stated that last month's acceleration of inflation in the United States, as well as the likelihood of a Fed rate cut, are the main reasons that could hinder the rise of cryptocurrency prices in the future.
Grayscale: Bitcoin may hit new all-time highs later this year
Gray released the February market report, which pointed out that Bitcoin's price rose by about 45% in February, breaking through $60,000 for the first time since the fourth quarter of 2021. This phenomenon reflects the large influx of funds into US ETFs and expectations for Bitcoin halving in April.
Grayscale address transferred 3,200 BTC to Coinbase Prime
About 7 minutes ago, a Grayscale address transferred 3200 BTC (worth about $199 million) to Coinbase Prime, as monitored by Arkham.
Grayscale lobbies the U.S. SEC to approve options products based on spot Bitcoin ETFs
Cryptocurrency asset management company Grayscale Investments has written to the US SEC to lobby for the approval of options products based on spot bitcoin ETFs. Grayscale CEO Michael Sonnenshein wrote in the letter to the SEC that the regulator's rejection of options for its Grayscale Bitcoin Trust (GBTC.P) unfairly discriminates against its shareholders and pointed out that regulatory authorities have previously approved options related to bitcoin futures ETFs. Sonnenshein stated that options would facilitate price discovery for new ETF shares, which would help investors navigate market conditions, hedge, and generate income. In addition, options would "further bring bitcoin into regulatory purview by allowing more regulated market participants" such as contract traders and broker-dealer firms to trade the product.
