Grayscale has filed for SEC approval to launch the Grayscale Bitcoin Mini Trust, which will be funded by a portion of GBTC shares and offer lower fees than the existing product. Moving from GBTC to the new trust will not trigger a capital gains tax event. The fees for the new trust have not been disclosed but are expected to be competitive with low-cost bitcoin ETFs on the market. Grayscale's GBTC has stood out from rival offerings due to its relatively high fees, but the new trust could appeal to registered investment advisors and broker networks looking for cheaper alternatives.

According to Arkham data on March 11th, Grayscale transferred approximately 4,405 BTC, worth about $318 million, to the Coinbase Prime address two hours ago. In addition, Grayscale also transferred 629 bitcoins (worth about $45 million) to a new address.

According to Arkham, on March 6th at around 22:11 and 22:16, Grayscale transferred 4,989.24 BTC to Coinbase Prime address, currently valued at approximately $339 million. In addition, Grayscale also transferred 2,400 bitcoins (valued at approximately $163 million) to three new addresses, suspected to be Grayscale's new custody addresses.

Grayscale transferred approximately 4,989.24 BTC worth about $338 million to Coinbase Prime at around 22:12 on March 8th Beijing time. In addition, Grayscale also transferred 2,400 Bitcoins (worth about $162.7 million) to three new addresses, which are suspected to be Grayscale's new custody addresses.

Arkham monitoring shows that Grayscale transferred 4,556.259 BTC, worth about $305 million, to the Coinbase Prime address at around 22:25 on March 7th Beijing time.

Arkham monitoring reported that Grayscale transferred over 5,584 BTC, worth approximately $377 million, to the Coinbase Prime address at around 22:20 Beijing time on March 5th. In addition, Grayscale also transferred 1,982 BTC (worth approximately $134 million) to three new addresses, suspected to be Grayscale's new custody addresses.

According to on-chain analyst Yu Jin's monitoring, Grayscale (GBTC) saw a slowdown in fund outflows last night (March 4th), with a total of $367.95 million. In addition, iBit (IBIT) and Fidelity (FBTC) have made a move, with both seeing inflows of up to $824.69 million, resulting in a net inflow of $562.74 million for BTC spot ETFs on March 4th, pushing BTC prices above $68,000. On March 4th, ten BTC spot ETFs saw a net inflow of $562.74 million, corresponding to a net inflow of approximately 8,310 BTC to ETF custody addresses after the opening of the US stock market tonight (March 5th): • Outflows: Grayscale (GBTC), Jingshun (BTCO), VanEck (HODL), and WisdomTree (BTCW) saw outflows of approximately 5,947 BTC (corresponding to fund outflows of $402.61 million on March 4th); • Inflows: The remaining six ETFs saw inflows of approximately 14,257 BTC (corresponding to fund inflows of $965.35 million on March 4th), with iBit (IBIT) and Fidelity (FBTC) being the main players, with inflows of 12,180 BTC ($824.69 million). Currently, the ten BTC spot ETFs hold a total of 775,496 BTC ($52.5B).

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Coinglass data shows that the current Grayscale ETH Trust premium rate is 10.03%, and the ETC Trust premium rate is 37.63%.

Grayscale analysts stated that last month's acceleration of inflation in the United States, as well as the likelihood of a Fed rate cut, are the main reasons that could hinder the rise of cryptocurrency prices in the future.