Grayscale Executes Significant Bitcoin Transaction Worth $674 Million
According to a report by Odaily, blockchain analytics platform Arkham Intelligence has detected a major Bitcoin transaction linked to Grayscale. Roughly 10 hours ago, about 6,500 BTC — valued at approximately $674.05 million — were transferred out of the Grayscale Bitcoin Trust (GBTC).
Key Details:
Amount Moved: ~6,500 BTC
USD Value: ~$674.05 million
Source: Grayscale Bitcoin Trust
Monitoring Source: Arkham Intelligence
Possible Implications:
Investor Withdrawals: This could indicate large-scale redemptions from GBTC following its conversion into a spot Bitcoin ETF.
Portfolio Rebalancing: Grayscale might be adjusting fund allocations or responding to ETF market flows.
Market Impact: Such a large move could increase short-term volatility or signal a shift in institutional sentiment.
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