CryptoQuant CEO has explained there is a delay between when Grayscale made Bitcoin outflows and when they made a disclosure.
Grayscale Has Made Some Bitcoin Outflows That Are Yet To Be Disclosed
A few days ago, CryptoQuant founder and CEO Ki Young Ju revealed a discrepancy between on-chain data and the off-chain disclosures made by the Grayscale Bitcoin Trust (GBTC).
Here are the charts that the analyst had shared in the X post:
The left chart shows the data for the Bitcoin fund holdings of GBTC as disclosed by Grayscale, while the right one reveals the actual reserve of the ETF by tracking the on-chain addresses associated with it.
When Ju shared these charts, the left chart showed around 581,276 BTC in the GBTC reserve, while the right displayed about 561,700 BTC. The analyst had remarked that this meant a 19,500 BTC gap between the two holdings.
Today, the CryptoQuant CEO has shared an update on the two charts.
As on-chain data had already predicted, the disclosed holdings of the
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