Grayscale transferred 8,668 Bitcoins to Coinbase, the largest cryptocurrency exchange in the USA.
Grayscale, one of the world’s largest digital asset managers, acquired Coinbase again before the US stock markets opened. Bitcoin (BTC) carried it. According to data from on-chain analytics platform Arkham Intelligence, Grayscale $364.7 million worth 8,668 BTC made the transfer.
While most of the addresses Grayscale transfers to are registered as Coinbase Prime, approximately 1,250 BTC Wallets sent appear anonymous. However, it is estimated that this wallet also belongs to Coinbase.
Grayscale’s Bitcoin fund GBTC’s spot Bitcoin ETF After receiving approval to be January 11 It started to be traded on stock exchanges. Grayscale has since withdrawn its Bitcoins for the outflows in GBTC. to Coinbase carrying.
Exceeded expectations
In the data shared by on-chain analysis account EmberCN on Twitter the other day, Grayscale’s 255 Million dollars worth 6,077 Bitcoins GBTC It was stated that it was expected to be transferred from the storage address. However, Grayscale obtained approximately 2,600 Bitcoins He attracted attention by making a lot of transfers.