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Grayscale Cuts Bitcoin Outflows In Half, One-Day Volume Drops Below $200 Million
After moving markets with its shuffling of Bitcoin holdings, Grayscale has significantly slowed its BTC outflows down, according to blockchain analysts. In a Tuesday post on Twitter, Arkham Intelligence dropped figures showing that Grayscale had offloaded over 4,400 BTC to its custodian Coinbase over the past day. The price of that much BTC right now stands under $200 million. But that latest offloading was “less than half of the average daily volume last week.” tweet Earlier this month, the fund manager—a subsidiary of Digital Currency Group (DCG)—was getting rid of much more in digital coins, at one point ... (full story)