Data: Grayscale Trust address will transfer 15,456 BTC to Coinbase Prime tonight, approximately 629 million USD

2024-01-22 23:02:04

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ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, 15,456 BTC (approximately $629 million) were transferred from the Grayscale Trust address to Coinbase Prime 20 minutes ago. Since the approval of the BTC spot ETF on January 10, the Grayscale Trust address has continuously transferred a total of 69,799 BTC (approximately $2.9 billion) to Coinbase Prime during the opening hours of 6 trading days in the U.S. stock market starting from January 12.

Based on the comparison of the net outflow value of GBTC in the previous ETF trading days and the amount of BTC transferred at the opening on the following day, the amount of BTC transferred on-chain to Coinbase Prime from the Grayscale Trust address at the opening of each U.S. trading day is likely to correspond to the value of the net outflow of GBTC from the previous trading day.

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Grayscale Coinbase Prime GBTC

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