Grayscale Bitcoin Trust Transfers $376 Million BTC to Coinbase Prime as Outflows Continue

The Grayscale Bitcoin Trust (GBTC) recently transferred a significant amount of Bitcoin to Coinbase Prime deposit addresses, according to data from blockchain analytics platform Arkham Intelligence. This move suggests that the fund may have been compelled to sell some of its Bitcoin despite declining share prices. Cointelegraph noted that the Grayscale Bitcoin Trust is one of the largest single holders of Bitcoin worldwide. Until January 11, most trust investors could not redeem their shares for Bitcoin or a cash equivalent. However, the trust has been converted into an exchange-traded...


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