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International Business Times
International Business Times
Business
Marvie Basilan

Grayscale Moves Over $400M Worth Of Bitcoin Amid Recent BTC Reserves' Continuous Outflows

Grayscale Bitcoin Crypto Coinbase ETF Arkham SEC SWAN
Massive outflows within Grayscale's GBTC have made significant buzz in the crypto community. (Credit: Grayscale Investments official YouTube channel)

KEY POINTS

  • The crypto community on X immediately reacted to the move, with one user saying it could be a sign of 'panic'
  • A day earlier, Grayscale's GBTC saw massive outflows of $303 million
  • Arkham predicted that Grayscale's BTC reserves may run dry in less than a hundred days

Grayscale was spotted moving over $400 million worth of Bitcoin to Coinbase at a time when the investment management firm is experiencing consistent outflows in its BTC reserves.

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