As the Grayscale Bitcoin outflows continue, the fund today, Jan. 24, sent a further 19,236 BTC valued $754,782,168 at according to the current CF Benchmark Net York Variant Index rate of $39,238.
According to Arkham Intelligence data this brings the total outflows from the fund to Coinbase Prime to 93,700 BTC ($3.68 billion) since Jan. 12. Cost price distribution data suggests Grayscale investors are in profit at an average of $27 with the current price around $35.60.
It has also transferred 8,003 BTC ($314 million) internally to other wallets it controls as per Arkham Intelligence’s entity tags. Several of these internal transfers were for values around 1 BTC, however five were around $30 million each.
All of the outflows since the spot Bitcoin ETF conversion from Grayscale to Coinbase Prime can be found below.
| From | To | Block | BTC | USD |
|---|---|---|---|---|
| Grayscale: Bitcoin Trust (1HUA4) | Coinbase Prime Deposit (36hGZ) (+1) | 827153 | 918.69 | $ 36,733,056.64 |
| Grayscale: Bitcoin Trust (12HSV) | Coinbase Prime Deposit (3KbK5) (+1) | 827153 | 950.00 | $ 37,984,801.75 |
| Grayscale: Bitcoin Trust (19Zy1) | Coinbase Prime Deposit (36hGZ) (+1) | 827153 | 914.56 | $ 36,567,691.29 |
| Grayscale: Bitcoin Trust (1QDh5) | Coinbase Prime Deposit (36hGZ) (+1) | 827153 | 913.72 | $ 36,534,042.44 |
| Grayscale: Bitcoin Trust (1Esx3) | Coinbase Prime Deposit (36hGZ) (+1) | 827153 | 900.00 | $ 35,985,601.75 |
| Grayscale: Bitcoin Trust (12whe) | Coinbase Prime Deposit (3KbK5) (+1) | 827153 | 1000.00 | $ 39,984,026.58 |
| Grayscale: Bitcoin Trust (1BzG6) | Coinbase Prime Deposit (3JTBP) (+1) | 827153 | 877.01 | $ 35,066,238.81 |
| Grayscale: Bitcoin Trust (1KNpF) | Coinbase Prime Deposit (3KbK5) (+1) | 827153 | 400.47 | $ 16,012,440.79 |
| Grayscale: Bitcoin Trust (13YNX) | Coinbase Prime Deposit (3QwWz) (+1) | 827153 | 929.42 | $ 37,162,072.83 |
| Grayscale: Bitcoin Trust (1A48N) | Coinbase Prime Deposit (3QwWz) (+1) | 827153 | 900.00 | $ 35,985,602.19 |
| Grayscale: Bitcoin Trust (13RLc) | Coinbase Prime Deposit (3QwWz) (+1) | 827153 | 97.68 | $ 3,905,751.99 |
| Grayscale: Bitcoin Trust (1Cu91) | Coinbase Prime Deposit (3Chmt) (+1) | 827153 | 1000.00 | $ 39,984,001.31 |
| Grayscale: Bitcoin Trust (1E7zS) | Coinbase Prime Deposit (3QwWz) (+1) | 827153 | 900.00 | $ 35,985,601.97 |
| Grayscale: Bitcoin Trust (1LuBU) | Coinbase Prime Deposit (36hGZ) (+1) | 827153 | 653.43 | $ 26,126,842.53 |
| Grayscale: Bitcoin Trust (193vP) | Coinbase Prime Deposit (3Chmt) (+1) | 827153 | 414.10 | $ 16,557,350.33 |
| Grayscale: Bitcoin Trust (1ECkd) | Coinbase Prime Deposit (3QwWz) (+1) | 827153 | 900.00 | $ 35,985,602.19 |
| Grayscale: Bitcoin Trust (1hk5v) | Coinbase Prime Deposit (3QwWz) (+1) | 827153 | 900.00 | $ 35,985,602.19 |
| Grayscale: Bitcoin Trust (18yGM) | Coinbase Prime Deposit (36hGZ) (+1) | 827153 | 917.91 | $ 36,701,760.31 |
| Grayscale: Bitcoin Trust (1HRia) | Coinbase Prime Deposit (3QwWz) (+1) | 827003 | 947.86 | $ 36,643,443.58 |
| Grayscale: Bitcoin Trust (1LT6U) | Coinbase Prime Deposit (3QwWz) (+1) | 827003 | 459.18 | $ 17,751,605.53 |
| Grayscale: Bitcoin Trust (186hJ) | Coinbase Prime Deposit (3Chmt) (+1) | 827003 | 854.21 | $ 33,022,912.78 |
| Grayscale: Bitcoin Trust (1KA9L) | Coinbase Prime Deposit (36hGZ) (+1) | 827003 | 845.42 | $ 32,683,175.42 |
| Grayscale: Bitcoin Trust (16rto) | Coinbase Prime Deposit (3QwWz) (+1) | 827003 | 949.62 | $ 36,711,170.14 |
| Grayscale: Bitcoin Trust (14chX) | Coinbase Prime Deposit (36hGZ) (+1) | 827003 | 923.82 | $ 35,713,844.87 |
| Grayscale: Bitcoin Trust (1Dq2R) | Coinbase Prime Deposit (3JTBP) (+1) | 827003 | 816.56 | $ 31,567,288.07 |
| Grayscale: Bitcoin Trust (18Vzp) | Coinbase Prime Deposit (3KbK5) (+1) | 827003 | 1000.00 | $ 38,659,028.58 |
| Grayscale: Bitcoin Trust (1Hb18) | Coinbase Prime Deposit (36hGZ) (+1) | 827003 | 921.43 | $ 35,621,393.14 |
| Grayscale: Bitcoin Trust (1Bd5o) | Coinbase Prime Deposit (36hGZ) (+1) | 827003 | 922.12 | $ 35,648,093.84 |
| Grayscale: Bitcoin Trust (15J68) | Coinbase Prime Deposit (3KbK5) (+1) | 827003 | 807.10 | $ 31,201,847.23 |
| Grayscale: Bitcoin Trust (1PiF6) | Coinbase Prime Deposit (3QwWz) (+1) | 827003 | 934.60 | $ 36,130,756.29 |
| Grayscale: Bitcoin Trust (12qX4) | Coinbase Prime Deposit (36hGZ) (+1) | 827003 | 950.00 | $ 36,726,051.69 |
| Grayscale: Bitcoin Trust (1L61i) | Coinbase Prime Deposit (3QwWz) (+1) | 827003 | 940.08 | $ 36,342,569.40 |
| Grayscale: Bitcoin Trust (1AGLe) | Coinbase Prime Deposit (36hGZ) (+1) | 827003 | 950.00 | $ 36,726,051.69 |
| Grayscale: Bitcoin Trust (1Nyxx) | Coinbase Prime Deposit (3KbK5) (+1) | 827003 | 1000.00 | $ 38,659,034.21 |
| Grayscale: Bitcoin Trust (123SV) | Coinbase Prime Deposit (3Chmt) (+1) | 827003 | 1000.00 | $ 38,659,001.27 |
| Grayscale: Bitcoin Trust (1FER7) | Coinbase Prime Deposit (36hGZ) (+1) | 826843 | 93.42 | $ 3,806,789.47 |
| Grayscale: Bitcoin Trust (1GvqC) | Coinbase Prime Deposit (3QwWz) (+1) | 826843 | 965.00 | $ 39,322,775.37 |
| Grayscale: Bitcoin Trust (15fbR) | Coinbase Prime Deposit (3KbK5) (+1) | 826843 | 116.61 | $ 4,751,684.92 |
| Grayscale: Bitcoin Trust (1GWbQ) | Coinbase Prime Deposit (3Chmt) (+1) | 826843 | 179.28 | $ 7,305,683.00 |
| Grayscale: Bitcoin Trust (15Fax) | Coinbase Prime Deposit (3KbK5) (+1) | 826843 | 1000.00 | $ 40,749,041.17 |
| Grayscale: Bitcoin Trust (1J6aV) | Coinbase Prime Deposit (3QwWz) (+1) | 826843 | 963.65 | $ 39,267,870.19 |
| Grayscale: Bitcoin Trust (1En9V) | Coinbase Prime Deposit (3QwWz) (+1) | 826843 | 950.00 | $ 38,711,551.78 |
| Grayscale: Bitcoin Trust (1FcHe) | Coinbase Prime Deposit (3QwWz) (+1) | 826843 | 965.00 | $ 39,322,786.78 |
| Grayscale: Bitcoin Trust (1QCD7) | Coinbase Prime Deposit (3Chmt) (+1) | 826843 | 1000.00 | $ 40,749,001.34 |
| Grayscale: Bitcoin Trust (1H1jN) | Coinbase Prime Deposit (36hGZ) (+1) | 826843 | 26.33 | $ 1,073,097.57 |
| Grayscale: Bitcoin Trust (1APjg) | Coinbase Prime Deposit (36hGZ) (+1) | 826843 | 961.02 | $ 39,160,413.41 |
| Grayscale: Bitcoin Trust (189cj) | Coinbase Prime Deposit (3KbK5) (+1) | 826843 | 1000.00 | $ 40,749,039.72 |
| Grayscale: Bitcoin Trust (1NDhK) | Coinbase Prime Deposit (3QwWz) (+1) | 826843 | 950.00 | $ 38,711,534.67 |
| Grayscale: Bitcoin Trust (1AET1) | Coinbase Prime Deposit (36hGZ) (+1) | 826843 | 950.00 | $ 38,711,552.01 |
| Grayscale: Bitcoin Trust (1CLSg) | Coinbase Prime Deposit (36hGZ) (+1) | 826843 | 961.50 | $ 39,180,202.51 |
| Grayscale: Bitcoin Trust (1Fsyu) | Coinbase Prime Deposit (3QwWz) (+1) | 826843 | 949.66 | $ 38,697,831.76 |
| Grayscale: Bitcoin Trust (159wh) | Coinbase Prime Deposit (3JTBP) (+1) | 826843 | 836.68 | $ 34,093,972.52 |
| Grayscale: Bitcoin Trust (16gAc) | Coinbase Prime Deposit (36hGZ) (+1) | 826843 | 952.06 | $ 38,795,415.05 |
| Grayscale: Bitcoin Trust (1DrM6) | Coinbase Prime Deposit (36hGZ) (+1) | 826843 | 955.40 | $ 38,931,468.45 |
| Grayscale: Bitcoin Trust (128zA) | Coinbase Prime Deposit (3QwWz) (+1) | 826843 | 532.70 | $ 21,707,191.85 |
| Grayscale: Bitcoin Trust (1341B) | Coinbase Prime Deposit (3QwWz) (+1) | 826418 | 965.00 | $ 39,851,607.03 |
| Grayscale: Bitcoin Trust (1JYfY) | Coinbase Prime Deposit (3KbK5) (+1) | 826418 | 619.57 | $ 25,586,428.74 |
| Grayscale: Bitcoin Trust (1NvjB) | Coinbase Prime Deposit (3QwWz) (+1) | 826418 | 965.00 | $ 39,851,607.03 |
| Grayscale: Bitcoin Trust (1MFrJ) | Coinbase Prime Deposit (3Chmt) (+1) | 826418 | 262.03 | $ 10,821,148.75 |
| Grayscale: Bitcoin Trust (1kQRT) | Coinbase Prime Deposit (3KbK5) (+1) | 826418 | 1000.00 | $ 41,297,045.63 |
| Grayscale: Bitcoin Trust (1JUhc) | Coinbase Prime Deposit (3QwWz) (+1) | 826418 | 535.01 | $ 22,094,283.26 |
| Grayscale: Bitcoin Trust (1GitJ) | Coinbase Prime Deposit (36hGZ) (+1) | 826418 | 1000.00 | $ 41,296,975.71 |
| Grayscale: Bitcoin Trust (1KyJv) | Coinbase Prime Deposit (3JTBP) (+1) | 826418 | 329.39 | $ 13,602,794.61 |
| Grayscale: Bitcoin Trust (19jmt) | Coinbase Prime Deposit (3QwWz) (+1) | 826418 | 965.00 | $ 39,851,607.03 |
| Grayscale: Bitcoin Trust (1AMZj) | Coinbase Prime Deposit (36hGZ) (+1) | 826418 | 992.30 | $ 40,979,182.94 |
| Grayscale: Bitcoin Trust (1P6eg) | Coinbase Prime Deposit (36hGZ) (+1) | 826418 | 220.33 | $ 9,098,773.53 |
| Grayscale: Bitcoin Trust (1LtDr) | Coinbase Prime Deposit (3QwWz) (+1) | 826418 | 965.00 | $ 39,851,607.03 |
| Grayscale: Bitcoin Trust (19gDv) | Coinbase Prime Deposit (3QwWz) (+1) | 826418 | 445.92 | $ 18,415,066.20 |
| Grayscale: Bitcoin Trust (1Mfrt) | Coinbase Prime Deposit (36hGZ) (+1) | 826418 | 975.57 | $ 40,287,986.26 |
| Grayscale: Bitcoin Trust (15F9K) | Coinbase Prime Deposit (3Chmt) (+1) | 826418 | 1000.00 | $ 41,297,001.36 |
| Grayscale: Bitcoin Trust (1KYu3) | Coinbase Prime Deposit (3QwWz) (+1) | 826418 | 965.00 | $ 39,851,607.03 |
| Grayscale: Bitcoin Trust (1492d) | Coinbase Prime Deposit (3Chmt) (+1) | 826271 | 1000.00 | $ 42,448,001.39 |
| Grayscale: Bitcoin Trust (1D8x7) | Coinbase Prime Deposit (3QwWz) (+1) | 826271 | 975.00 | $ 41,386,801.86 |
| Grayscale: Bitcoin Trust (1H7NJ) | Coinbase Prime Deposit (3JTBP) (+1) | 826271 | 678.08 | $ 28,783,155.80 |
| Grayscale: Bitcoin Trust (1BTpr) | Coinbase Prime Deposit (3QwWz) (+1) | 826271 | 975.00 | $ 41,386,801.86 |
| Grayscale: Bitcoin Trust (1Ln3G) | Coinbase Prime Deposit (3QwWz) (+1) | 826271 | 37.75 | $ 1,602,556.64 |
| Grayscale: Bitcoin Trust (1E4Uz) | Coinbase Prime Deposit (3Chmt) (+1) | 826271 | 318.00 | $ 13,498,579.91 |
| Grayscale: Bitcoin Trust (1PKz4) | Coinbase Prime Deposit (3QwWz) (+1) | 826271 | 975.00 | $ 41,386,801.86 |
| Grayscale: Bitcoin Trust (1LWCy) | Coinbase Prime Deposit (3QwWz) (+1) | 826271 | 965.00 | $ 40,962,322.09 |
| Grayscale: Bitcoin Trust (1Pv9J) | Coinbase Prime Deposit (36hGZ) (+1) | 826271 | 999.85 | $ 42,441,682.20 |
| Grayscale: Bitcoin Trust (1JEt2) | Coinbase Prime Deposit (3KbK5) (+1) | 826271 | 657.66 | $ 27,916,333.52 |
| Grayscale: Bitcoin Trust (1PXqk) | Coinbase Prime Deposit (36hGZ) (+1) | 826271 | 975.00 | $ 41,386,801.86 |
| Grayscale: Bitcoin Trust (1FAHZ) | Coinbase Prime Deposit (36hGZ) (+1) | 826271 | 999.89 | $ 42,443,176.75 |
| Grayscale: Bitcoin Trust (1LacF) | Coinbase Prime Deposit (36hGZ) (+1) | 826271 | 834.21 | $ 35,410,362.76 |
| Grayscale: Bitcoin Trust (1Chyv) | Coinbase Prime Deposit (36hGZ) (+1) | 826271 | 975.00 | $ 41,386,801.86 |
| Grayscale: Bitcoin Trust (1DjS6) | Coinbase Prime Deposit (3QwWz) (+1) | 826135 | 1000.00 | $ 42,473,001.39 |
| Grayscale: Bitcoin Trust (15epg) | Coinbase Prime Deposit (36hGZ) (+1) | 826135 | 1000.00 | $ 42,473,001.86 |
| Grayscale: Bitcoin Trust (1Jkaw) | Coinbase Prime Deposit (36hGZ) (+1) | 826135 | 982.72 | $ 41,738,976.75 |
| Grayscale: Bitcoin Trust (1FQjs) | Coinbase Prime Deposit (36hGZ) (+1) | 826135 | 975.00 | $ 41,411,176.86 |
| Grayscale: Bitcoin Trust (13W5r) | Coinbase Prime Deposit (3QwWz) (+1) | 826135 | 1000.00 | $ 42,473,001.39 |
| Grayscale: Bitcoin Trust (18hBq) | Coinbase Prime Deposit (3QwWz) (+1) | 826135 | 578.47 | $ 24,569,486.82 |
| Grayscale: Bitcoin Trust (1BtnC) | Coinbase Prime Deposit (36hGZ) (+1) | 826135 | 629.60 | $ 26,740,817.28 |
| Grayscale: Bitcoin Trust (1MkLP) | Coinbase Prime Deposit (3QwWz) (+1) | 826135 | 1000.00 | $ 42,473,001.39 |
| Grayscale: Bitcoin Trust (1Jnh7) | Coinbase Prime Deposit (3Chmt) (+1) | 826135 | 266.73 | $ 11,328,689.59 |
| Grayscale: Bitcoin Trust (1GyAe) | Coinbase Prime Deposit (3QwWz) (+1) | 826135 | 974.89 | $ 41,406,421.68 |
| Grayscale: Bitcoin Trust (12NtP) | Coinbase Prime Deposit (3QwWz) (+1) | 826135 | 975.00 | $ 41,411,176.86 |
| Grayscale: Bitcoin Trust (13Tki) | Coinbase Prime Deposit (36hGZ) (+1) | 826135 | 1000.00 | $ 42,473,001.86 |
| Grayscale: Bitcoin Trust (15Tdj) | Coinbase Prime Deposit (36hGZ) (+1) | 826135 | 1000.00 | $ 42,473,001.86 |
| Grayscale: Bitcoin Trust (1ARkf) | Coinbase Prime Deposit (3Chmt) (+1) | 826135 | 1000.00 | $ 42,473,001.39 |
| Grayscale: Bitcoin Trust (1NNei) | Coinbase Prime Deposit (3KbK5) (+1) | 826135 | 1000.00 | $ 42,473,048.86 |
| Grayscale: Bitcoin Trust (1DLm5) | Coinbase Prime Deposit (3QwWz) (+1) | 826135 | 1000.00 | $ 42,473,001.39 |
| Grayscale: Bitcoin Trust (1CN4X) | Coinbase Prime Deposit (3QwWz) (+1) | 826135 | 1000.00 | $ 42,473,001.39 |
| Grayscale: Bitcoin Trust (1FCM7) | Coinbase Prime Deposit (36hGZ) (+1) | 826037 | 1000.00 | $ 42,785,001.87 |
| Grayscale: Bitcoin Trust (17nFZ) | Coinbase Prime Deposit (3QwWz) (+1) | 826037 | 1000.00 | $ 42,784,983.05 |
| Grayscale: Bitcoin Trust (1623y) | Coinbase Prime Deposit (36hGZ) (+1) | 826037 | 1000.00 | $ 42,785,001.87 |
| Grayscale: Bitcoin Trust (1Fe3v) | Coinbase Prime Deposit (3QwWz) (+1) | 826037 | 776.43 | $ 33,219,723.27 |
| Grayscale: Bitcoin Trust (16oPR) | Coinbase Prime Deposit (36hGZ) (+1) | 826037 | 105.74 | $ 4,523,889.34 |
| Grayscale: Bitcoin Trust (1Ktq9) | Coinbase Prime Deposit (3QwWz) (+1) | 826037 | 1000.00 | $ 42,785,001.40 |
| Grayscale: Bitcoin Trust (1Ew5W) | Coinbase Prime Deposit (3QwWz) (+1) | 826037 | 1000.00 | $ 42,785,001.40 |
| Grayscale: Bitcoin Trust (1LYc3) | Coinbase Prime Deposit (36hGZ) (+1) | 826037 | 1000.00 | $ 42,785,001.87 |
| Grayscale: Bitcoin Trust (13U6u) | Coinbase Prime Deposit (36hGZ) (+1) | 826037 | 1000.00 | $ 42,785,001.64 |
| Grayscale: Bitcoin Trust (15qx6) | Coinbase Prime Deposit (3Chmt) (+1) | 826037 | 847.98 | $ 36,280,612.27 |
| Grayscale: Bitcoin Trust (1CpEa) | Coinbase Prime Deposit (36hGZ) (+1) | 825468 | 1000.00 | $ 45,745,002.00 |
Analyst
Liam ‘Akiba’ Wright
Also known as “Akiba,” Liam is a reporter, editor and podcast producer at CryptoSlate. He believes that decentralized technology has the potential to make widespread positive change.
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