$4 Billion Has Fled the Grayscale BTC Trust and the Dumping is Not Over

In this episode of Crypto Daily, we're unpacking a series of groundbreaking developments in the cryptocurrency world. Grayscale has been at the center of attention with a massive outflow of 105,910 BTC, totaling $4.168 Billion, transferred to Coinbase Prime since January 12th. This significant movement raises the question: has the dumping phase ended for GBTC?

• Grayscale's daily BTC Transfers have totaled to 105,910 BTC sent to Coinbase Prime (Worth $4.168 Billion USD) Since Jan 12th
• Blackrock and Fidelity's Spot ETFs are leading the inflows while GBTC declines rapidly - as predicted by many
• Jack Maller FUDs Ethereum and every crypto that "isn't Bitcoin"
• In the future, all crypto exchanges will transition to a decentralized model - justin sun
• Thorchain's Trading Volume continues to grow exponentially
• Blackrock's head of iShares Product says their Bitcoin Spot ETF launch has gone incredibly well
• Bitwise BTC ETF publishes their fund holdings Bitcoin Wallet, holding 11,858 BTC ($465M)
• SEC Delay's Blackrock's ETH ETF

Meanwhile, Blackrock and Fidelity are witnessing a contrasting trend with their Spot ETFs, leading the charge in inflows while GBTC faces a rapid decline. This shift aligns with many predictions within the crypto community and signals a potential change in investor sentiment.

In a controversial move, Jack Maller has stirred the pot by spreading FUD (Fear, Uncertainty, and Doubt) about Ethereum and all cryptocurrencies other than Bitcoin. His stance has sparked debates and discussions across the crypto space.

Justin Sun, a prominent figure in the crypto industry, predicts a future where all crypto exchanges will transition to a decentralized model. This vision aligns with the growing trend towards decentralization in the crypto world.

Thorchain's trading volume is another success story, showing exponential growth and solidifying its position in the market. On the institutional front, Blackrock's head of iShares Product has expressed immense satisfaction with the launch of their Bitcoin Spot ETF, indicating a smooth and successful entry into the crypto ETF space.

Bitwise has taken transparency to the next level by publishing their fund holdings Bitcoin Wallet, which currently holds 11,858 BTC, valued at approximately $465M. This move provides a clear insight into the fund's operations and holdings.

Lastly, the SEC has put a pause on Blackrock's ETH ETF, a decision that has implications for the broader Ethereum and crypto ETF market. We'll delve into what this delay means and how it might impact the future of crypto ETFs.

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