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

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.

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.

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