Wallets belonging to Grayscale, one of the world’s largest digital asset managers, transferred millions of dollars worth of Bitcoin to the stock market.
Grayscale, one of the companies whose Spot Bitcoin exchange-traded fund (ETF) application was approved, had a negative impact on Bitcoin yesterday. Before the 10% drop His Bitcoin transfer attracted attention.
Reported by on-chain analysis platform Lookonchain to data 4 wallets labeled Grayscale Bitcoin Trust, according to January 12 Acting on the day, Coinbase’s dedicated section for institutional investors 4 thousand BTC worth $183 million to Coinbase Prime sent.
While these transfer transactions created a panic in the market, albeit for a short time, the company did not provide any justification for the transactions.
Market analysts say Bitcoin transfers It may be linked to ETF regulations While thinking about some names of Grayscale took action for profit sales he suggested. Coinbase is owned by many companies. spot Bitcoin ETF vault and the company is expected to keep its Bitcoin assets in Coinbase within the scope of the agreement with the SEC.
According to CoinGecko data, in the last 24 hours 6.1% Bitcoin losing value at the time of writing from $43,105 is being traded.