Grayscale Transfers Another 9,000 Bitcoins to Exchanges
Earlier on Tuesday, Grayscale, the owner of the Grayscale Bitcoin Trust (GBTC), sent an additional 9,000 Bitcoins to exchanges as part of its continued net selling after converting the product into an Exchange Traded Fund (ETF). According to Arkham Intelligence's data, these Bitcoins were moved in batches of 1,000 each, precisely after 14:30 Coordinated Universal Time (UTC) (when the U.S. stock market opened after the three-day weekend).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Justin Sun Expects a Drop in Bitcoin — Details of the One-Hour Meeting Have Emerged
From "selling subscriptions" to "selling results": Adobe (ADBE.US) experiments with weekly billing for Acrobat, BTIG says growth sustainability remains to be verified
At the MAX conference held last week, Adobe unveiled new Agentic AI tools and previewed the upcoming local MCP (Model Context Protocol) integration. This feature will allow creators to directly access third-party agents within Photoshop, Illustrator, Premiere, and After Effects.
AI investment boom leads to job growth only at construction sites
Crypto prices
More
