2024

Bitcoin

Arkham

Coin

<ul class="news-points"> 
 <li><strong>Grayscale has reportedly moved 266,470 Bitcoins out of their wallets for GBTC redemptions since January 11.</strong></li> 
 <li><strong>According to Arkham Intelligence, GBTC’s BTC holdings will exhaust in 96 days at the current rate of redemptions.</strong></li> 
 <li><strong>Colin Wu states that Grayscale is considering lowering fees and launching mini ETFs.</strong></li> 
</ul> 
<p>In a recent turn of events, Arkham Intelligence has unveiled asset manager Grayscale’s astounding Bitcoin transfers since the launch of Bitcoin ETFs on January 11. Reportedly, Grayscale has moved a total of 266,470 Bitcoins out of their wallets for GBTC redemptions.</p> 
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   <p lang="en" dir="ltr">At the current rate of redemptions, GBTC runs out of Bitcoin to sell in 96 DAYS.<br><br>Since GBTC started trading as an ETF on 11th January, Grayscale has transferred 266.47K BTC out of their wallets for GBTC redemptions.<br><br>That’s a rate of 25.9K BTC per week. <a href="https://t.co/tMT7T73ena" target="_blank" rel="nofollow">pic.twitter.com/tMT7T73ena</a></p>— Arkham (@ArkhamIntel) <a href="https://twitter.com/ArkhamIntel/status/1771567638587814221?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">March 23, 2024</a>
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<p>According to the surprising estimations of Arkham Intelligence, GBTC’s Bitcoin holdings will exhaust in 96 days at the current rate of redemptions. The platform added that the transfer of BTC marks a rate of 25.9K BTC…</p>
<p>The post <a href="https://coinedition.com/bitcoin-exhaustion-in-grayscale-amidst-increasing-btc-transfers/">Grayscale Will Exhaust in Bitcoin Holdings in 96 Days, Says Arkham</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Grayscale Will Exhaust in Bitcoin Holdings in 96 Days, Says Arkham

Coin Edition

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