Grayscale transferred approximately 6227.63 BTC to the Coinbase Prime address
As monitored by Arkham, 20 minutes ago, Grayscale transferred 6,227.63 BTC, worth about $269 million, to Coinbase Prime. Of these, 1,808.96 BTC (about $78.5 million) were distributed to two new addresses and are expected to be transferred to the exchange later.
Grayscale once again deposited 6,534 Bitcoins to Coinbase Prime, equivalent to approximately $274.95 million
Grayscale deposited 6,534 Bitcoins (BTC) worth approximately $274.95 million to Coinbase Prime 25 minutes ago. Since the ETF was approved, Grayscale has deposited a total of 119,663 Bitcoins to Coinbase Prime, with a total value of approximately $4.91 billion. Currently, Grayscale holds a total of 495,290 Bitcoins with an estimated value of approximately $20.76 billion.
Cryptocurrency funds outflowed $500 million last week as GBTC fallout fades
Last week the global net outflow of cryptocurrency funds from asset management companies such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares reached a total of 500 million US dollars. The strong outflow of funds from GBTC stands in stark contrast to the total inflow of 1.8 billion US dollars from nine new spot Bitcoin ETFs launched last week, including BlackRock's IBIT with an inflow of 744.7 million US dollars and Fidelity's FBTC with an inflow of 643.2 million US dollars. Since their launch on January 11th, the nine new ETFs have received a total inflow of approximately 5.8 billion US dollars, while GBTC has had an outflow of 5 billion US dollars, resulting in a net inflow of 759.4 million US dollars. <br>
Grayscale holdings update: As of January 26, a total of 502,712 Bitcoins were held
On January 27th, the daily position update released by Grayscale showed that as of January 26th, 2024, they held 502,712.6098 bitcoins, with an asset management scale (non-GAAP) of $21,101,517,635 and 562,500,100 shares in circulation.
Grayscale GBTC total outflow has exceeded US$5 billion
According to BitMEX Research data on January 27th, on the 11th trading day of the US Bitcoin spot ETF's listing, the outflow of Grayscale GBTC was 255.1 million US dollars, with 6,000 BTC transferred from GBTC. In the past 11 trading days, the total outflow of GBTC has exceeded 5 billion US dollars.
Grayscale holding address started transferring BTC to Coinbase Prime 5 minutes ago
According to on-chain data, the Grayscale holding address began transferring BTC to Coinbase Prime 5 minutes ago, and the transfer is currently ongoing.
Grayscale transferred approximately 12,210 BTC to Coinbase Prime address
According to Arkham monitoring, 10 minutes ago, Grayscale transferred 12,210 BTC worth approximately $488 million to Coinbase Prime address.
CryptoQuant founder: GBTC will continue its current reduction rate or will return to zero in mid-March
Ki Young Ju, founder and CEO of CryptoQuant, wrote on X platform that the Grayscale Bitcoin Trust (GBTC) holdings have decreased by 15% in the past seven days. If this trend continues at this rate, it is expected that GBTC will reach zero in mid-March this year. Ki Young Ju also questioned Grayscale's plan to reduce GBTC holdings.
Yesterday, Grayscale GBTC decreased by 13,179 BTC, and the remaining 8 Bitcoin ETFs increased by 8,251 BTC.
Lookonchain monitoring shows that on January 24th, Grayscale's GBTC reduced 13,179 BTC ($529.2 million). The remaining 8 Bitcoin ETFs increased by 8,251 BTC ($331.3 million), with Fidelity adding 4,023 BTC ($161.5 million).
