Grayscale’s daily Bitcoin transfer completes with 12,213 BTC sent to Coinbase Prime

exchange68September 12, 2024

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Quick Take

On Jan. 25th, the total Bitcoin sent out by Grayscale equaled roughly 12,213 BTC, translating to an approximate value of $488 million by the current spot price.

Grayscale Bitcoin transfers to Coinbase (Source: Arkham Intelligence)

This figure indicates a drop from the previous day’s transaction volumes, providing evidence of the daily volatility present in Grayscale’s Bitcoin transfers. For instance, on Jan. 24, Grayscale transferred a substantial amount of 19,236 BTC to Coinbase.

According to Arkham Intelligence data, this brings the total outflows from the fund to Coinbase Prime to 105,910 BTC ($4.168 billion) since Jan. 12.

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

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