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).
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