Grayscale’s BTC sales through its spot Bitcoin ETF have decreased noticeably.
BTC sales, which have been ongoing since the spot Bitcoin ETF approval of Grayscale, one of the world’s largest digital asset managers, have fallen to their lowest levels.
According to data from on-chain analytics platform Arkham Intelligence 6 February 17.00 Grayscale, which operates in the waters of coinbase and anonymous wallets today only $115 million worth 2,680 BTC transferred.
Transfers made by Grayscale 1,780 BTC While the portion was sent to the address registered as Coinbase Prime, approximately 900 BTC went to wallets suspected to be new storage addresses belonging to Grayscale.
Grayscale’s ongoing sales decline for weeks By easing the selling pressure on the Bitcoin price It is thought that it will have a positive impact on the price.
According to CoinGecko data, in the last 24 hours 0.9% Bitcoin losing value at the time of writing from $42,875 is being traded.