Grayscale sends 19,236 BTC to Coinbase, moves 8,000 BTC internally

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.

Grayscale Bitcoin transfers to Coinbase
Grayscale Bitcoin transfers to Coinbase (Source: Arkham Intelligence)

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.

Grayscale internal transfers (Source: Arkham Intelligence)
Grayscale internal transfers (Source: Arkham Intelligence)

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

The post Grayscale sends 19,236 BTC to Coinbase, moves 8,000 BTC internally appeared first on CryptoSlate.

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