Grayscale address transferred approximately 3965 BTC
According to Arkham monitoring, about 10 minutes ago, about 3965 BTC were transferred out of Grayscale's address, of which about 2315.557 BTC were transferred to Coinbase Prime, and the remaining about 1650.12 BTC were transferred to 2 new addresses.
Grayscale GBTC reduced its holdings by more than 2,650 BTC in a single day on Tuesday, and Bitcoin holdings are about to fall below 450,000.
Grey Scale Official Updates Spot Bitcoin ETF Holdings: As of February 21, GBTC holds 450,404.939 BTC, a decrease of 2,652.2012 BTC from the previous day. In addition, GBTC's asset management scale (non-GAAP) is $22,960,580,835.05, with circulating shares decreasing to 504,510,100, and each share holding approximately 0.00089276 BTC.
Grayscale address transferred approximately 3732.68 BTC
As monitored by Arkham, about 13 minutes ago, approximately 3,732.68 BTC were transferred out of Grayscale's address, of which approximately 2,912.27 BTC were transferred to Coinbase Prime and approximately 820.41 BTC were transferred to a new address.
GBTC had a net outflow of approximately US$131 million yesterday, and BlackRock IBIT had a net inflow of approximately US$680 million.
BitMEX Research data, Grayscale Bitcoin Trust (GBTC) saw a net outflow of approximately $131 million on February 14th, while BlackRock's Bitcoin ETF (IBIT) saw a net inflow of approximately $680 million.
Grayscale: As of February 13, GBTC holdings decreased by 1,912 BTC compared with the previous day.
The official update of the Grayscale Bitcoin ETF holdings data shows that as of February 13th, GBTC holds 463,475.4355 bitcoins, a decrease of about 1912 bitcoins from the previous day. In addition, GBTC's asset management scale (non-GAAP) has decreased to $22,907,018,487.04, and the circulating shares have decreased to 518,980,100.
Grayscale transferred 1,500 BTC to the Coinbase Prime address and 2,276.6 BTC to the new address
According to Arkham data on February 8th, Grayscale transferred 1500.6 BTC worth approximately $67.7 million to the Coinbase Prime Deposit address 20 minutes ago. They also transferred 2276.6 BTC to a new address, which may be a new custody address for Grayscale.
JP Morgan analyst: If Grayscale does not reduce GBTC management fees, it may lead to further capital outflows
Morgan Stanley analysts stated in a recent report that if Grayscale does not effectively reduce fees, more funds may flow out of GBTC. BlackRock charges only 0.12% in fees, Fidelity charges 0.25%, Cathie Wood's Ark Invest fund currently has no fees and will rise to 0.21% after six months, while Grayscale GBTC's management fee is 1.5%. The report shows that Grayscale's current difficulties are not limited to fees, as the difference between GBTC's stock price and the net asset value per share at the close, as well as the "Hui-Heubel liquidity ratio" representing market breadth, are both behind BlackRock and Fidelity.
The grayscale address transferred approximately 3932.57 BTC 8 minutes ago
As monitored by Arkham, about 8 minutes ago, approximately 3,932.57 BTC were transferred out of a Grayscale address, of which about 2,170.57 BTC were transferred to Coinbase Prime and the remaining 1,762 BTC were transferred to two new addresses.
Grayscale address transferred approximately 2630.29 BTC
As monitored by Arkham, about 10 minutes ago, approximately 2,630.29 BTC were transferred out of a Grayscale address, of which about 900 BTC (approximately $39.08 million) were transferred to Coinbase Prime, and the remaining approximately 1,730.08 BTC (approximately $75.13 million) were distributed to two new addresses.
GBTC’s total outflow in the first 15 trading days was US$5.832 billion
BitMEX Research released Bitcoin spot ETF trading data on social media platforms. GBTC had a total outflow of 140,195 bitcoins in the first 15 trading days, equivalent to approximately 5.832 billion US dollars.
