![Grayscale’s daily Bitcoin transfer completes with 12,213 BTC sent to Coinbase Prime](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2024/01/grayscale-bitcoin_.jpg&w=70&h=37&q=75)
Quick Take
On Jan. 25th, the total Bitcoin sent out by Grayscale equaled roughly 12,213 BTC, translating to an approximate value of $488 million by the current spot price.
This figure indicates a drop from the previous day’s transaction volumes, providing evidence of the daily volatility present in Grayscale’s Bitcoin transfers. For instance, on Jan. 24, Grayscale transferred a substantial amount of 19,236 BTC to Coinbase.ย
According to Arkham Intelligence data, this brings the total outflows from the fund to Coinbase Prime to 105,910 BTC ($4.168 billion) since Jan. 12.