Blockchain analyst @ai_9684xtpa monitored data showing that 10 minutes ago, Grayscale transferred 6,271 BTC worth $266 million to Coinbase Prime address and two other wallets. Combined with the portion transferred to Flow Traders in the afternoon, a total of 6,582 BTC was transferred today. Currently, Grayscale still holds 492,000 BTC with a total value of $20.9 billion.

Arkham monitoring shows that 20 minutes ago, Grayscale transferred 7,963.56 BTC worth approximately $341 million to Coinbase Prime address. Of these, 5,281.11 BTC (approximately $226 million) were distributed to 6 new addresses and are expected to be transferred to the exchange later.

According to BitMEX Research data, 10 Bitcoin spot ETFs had a net inflow of 5689.9 BTC yesterday, and a cumulative net inflow of 27,339.7 BTC over 13 trading days. Grayscale GBTC had a net outflow of 5068 BTC yesterday, and a cumulative net outflow of 131,549.7 BTC over 13 trading days. BlackRock's Bitcoin spot ETF (IBIT) had a net inflow of 6870.3 BTC yesterday, and a cumulative net inflow of 63,409.5 BTC over 13 trading days. Bitwise Bitcoin spot ETF (BITB) had a net inflow of 502.4 BTC yesterday, and a cumulative net inflow of 14,556.3 BTC over 13 trading days. ARK Bitcoin spot ETF (ARKB) had a net inflow of 385.6 BTC yesterday, and a cumulative net inflow of 14,979.3 BTC over 13 trading days.

As monitored by Arkham, 20 minutes ago, Grayscale transferred 6,227.63 BTC, worth about $269 million, to Coinbase Prime. Of these, 1,808.96 BTC (about $78.5 million) were distributed to two new addresses and are expected to be transferred to the exchange later.

Grayscale deposited 6,534 Bitcoins (BTC) worth approximately $274.95 million to Coinbase Prime 25 minutes ago. Since the ETF was approved, Grayscale has deposited a total of 119,663 Bitcoins to Coinbase Prime, with a total value of approximately $4.91 billion. Currently, Grayscale holds a total of 495,290 Bitcoins with an estimated value of approximately $20.76 billion.

Last week the global net outflow of cryptocurrency funds from asset management companies such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares reached a total of 500 million US dollars. The strong outflow of funds from GBTC stands in stark contrast to the total inflow of 1.8 billion US dollars from nine new spot Bitcoin ETFs launched last week, including BlackRock's IBIT with an inflow of 744.7 million US dollars and Fidelity's FBTC with an inflow of 643.2 million US dollars. Since their launch on January 11th, the nine new ETFs have received a total inflow of approximately 5.8 billion US dollars, while GBTC has had an outflow of 5 billion US dollars, resulting in a net inflow of 759.4 million US dollars. <br>

1. Grayscale GBTC total outflow has exceeded US$5 billion

On January 27th, the daily position update released by Grayscale showed that as of January 26th, 2024, they held 502,712.6098 bitcoins, with an asset management scale (non-GAAP) of $21,101,517,635 and 562,500,100 shares in circulation.

According to BitMEX Research data on January 27th, on the 11th trading day of the US Bitcoin spot ETF's listing, the outflow of Grayscale GBTC was 255.1 million US dollars, with 6,000 BTC transferred from GBTC. In the past 11 trading days, the total outflow of GBTC has exceeded 5 billion US dollars.

According to on-chain data, the Grayscale holding address began transferring BTC to Coinbase Prime 5 minutes ago, and the transfer is currently ongoing.