Is Grayscale Done Selling Bitcoin? Withdrawals Drop by Over Half to $200 Million

Blockchain analysts say the fund manager has slowed its transfers of BTC to Coinbase, and the price of the asset is up.

After moving markets with its shuffling of Bitcoin holdings, Grayscale has significantly slowed its BTC outflows down, according to blockchain analysts

In a Tuesday post on Twitter, Arkham Intelligence dropped figures showing that Grayscale had offloaded over 4,400 BTC to its custodian Coinbase over the past day.

The price of that much BTC right now stands under $200 million. But that latest offloading was “less than half of the average daily volume last week.”