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Futures
Futures
Hundreds of contracts settled in USDT or BTC
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Quick staking, earn potential new tokens
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Alpha Points
NEW
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NEW
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Simple Earn
Earn interests with idle tokens
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Auto-invest on a regular basis
Dual Investment
Buy low and sell high to take profits from price fluctuations
Soft Staking
Earn rewards with flexible staking
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0 Fees
Pledge one crypto to borrow another
Lending Center
One-stop lending hub
VIP Wealth Hub
Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
Staking
Stake cryptos to earn in PoS products
BTC Staking
HOT
Stake BTC and earn 10% APR
GUSD Minting
Use USDT/USDC to mint GUSD for treasury-level yields
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Grayscale, issuer of the largest spot bitcoin exchange-traded fund (ETF), dubbed the Grayscale Bitcoin Trust (GBTC), has just transferred the sum of $900 million in the digital currency from the fund to U.S. exchange Coinbase, according to market newsletter Whale Wire.
Whale Wire further warns that Grayscale could be preparing to send even more BTC to the exchange, so it recommended being careful with the price. This comment takes place in the midst of the daily multi-billion dollar outflows that GBTC is receiving, which lead it to sell bitcoins, generating downward pressure in the market.
GBTC has recorded more than $2.8 billion in just six days, as seen in the following image published by Bloomberg Intelligence specialist James Seyffart. That led to the amount of bitcoins in the fund seeing a continuous decline.