tl;dr
Grayscale holds approximately 496,573.8166 Bitcoins as of January 29, with a reported sell-off of 120,500 BTC since the Spot Bitcoin ETF approval on January 11. The company also deposited $4.91 billion worth of Bitcoin to Coinbase, and its GBTC outflow is slowing down, with today’s mark at $191.7 mi...
Grayscale holds approximately 496,573.8166 Bitcoins as of January 29, with a reported sell-off of 120,500 BTC since the Spot Bitcoin ETF approval on January 11. The company also deposited $4.91 billion worth of Bitcoin to Coinbase, and its GBTC outflow is slowing down, with today’s mark at $191.7 million.
The latest data revealed that the financial giant Grayscale holds 496,573.8166 Bitcoins as of January 29. According to the Chinese reporter Wu Blockchain, Grayscale has sold a staggering 120,500 BTC, equivalent to almost $5.508 billion, since the Spot Bitcoin ETF approval on January 11.
Reportedly, Grayscale’s sell-offs are slowing down after the giant deposited a total of $4.91 billion worth of Bitcoin to Coinbase. Lookonchain, a prominent crypto analytics platform, took to X to share insights on Grayscale’s most recent transfer of 6,534 BTC ($274.95 million) to Coinbase Prime, the exchange’s full-service prime brokerage platform.
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