On Jan. 25th, the total Bitcoin sent out by Grayscale equaled roughly 12,213 BTC, translating to an approximate value of $488 million by the current spot price.. Grayscale Bitcoin transfers to Coinbase (Source: Arkham Intelligence). This figure indicates a drop from the previous day’s transaction volumes, providing evidence of the daily volatility present in Grayscale’s Bitcoin transfers. For instance, on Jan. 24, Grayscale transferred a substantial amount of 19,236 BTC to Coinbase.. According to Arkham Intelligence data, this brings the total outflows from the fund to Coinbase Prime to 105,910 BTC ($4.168 billion) since Jan. 12.. Latest Insights