Grayscale Will Exhaust in Bitcoin Holdings in 96 Days, Says Arkham
In a recent turn of events, Arkham Intelligence has unveiled asset manager Grayscale’s astounding Bitcoin transfers since the launch of Bitcoin ETFs on January 11. Reportedly, Grayscale has moved a total of 266,470 Bitcoins out of their wallets for GBTC redemptions.
According to the surprising estimations of Arkham Intelligence, GBTC’s Bitcoin holdings will exhaust in 96 days at the current rate of redemptions. The platform added that the transfer of BTC marks a rate of 25.9K BTC per week.
Source: Arkham Intelligence Chinese crypto journalist Colin Wu has recently drawn the readers’ attention to Arkham Intelligence’s insights on Grayscale’s Bitcoin transfer and the potential exhaustion of BTC holdings. On his official Wu Blockchain page on X, Wu asserted that Grayscale is considering “lowering fees and launching mini ETFs.”
