Creations and redemptions
When investors buy fund shares, Grayscale-linked wallets tend to receive assets from custodians and OTC desks. Redemptions push flow the other way.
Whale Alerts
Asset Manager & ETF Issuer LIVE
Grayscale on-chain activity and fund flows.
Track labeled Grayscale wallets as assets move between custodians, authorized participants, and fund addresses. For ETF issuers and asset managers, sustained inflows and outflows often mirror creations and redemptions.
- 30d volume
- $93.4M across labeled wallets
- Whale transfers
- 7 last 30 days
- Flow direction
- Receiving 68% of volume inbound
- Top asset
BTC 96.4% of 30d volume
Flow balance
Grayscale flow balance
Received versus sent over the last 30 days, in USD, across all labeled Grayscale wallets.
Received $63.7M 5 transfers in
Sent $29.7M 2 transfers out
68% of Grayscale's 30-day USD volume arrived into labeled wallets; 32% left them. Direction is measured from Grayscale's side of each transfer.
Live feed
Latest Grayscale transfers
Large transfers where a labeled Grayscale wallet is the sender or the receiver, tagged by direction from Grayscale's side.
This is the public preview of the Grayscale feed.
View Full HistoryUse the dashboard for full history, per-asset filters, and every labeled wallet route.
Asset mix
What Grayscale is moving
USD volume by asset across Grayscale transfers in the last 30 days.
Record moves
Biggest Grayscale transfers
The largest transfers by USD value in the last 30 days. Every row links to the on-chain record.
- 01 $31.1M from Coinbase Prime: Hot Wallet · Jun 23, 07:05 PM UTC BTC IN
- 02 $29.7M from Coinbase Prime: Hot Wallet · Jun 25, 05:56 PM UTC BTC IN
- 03 $29.2M to Coinbase Prime Deposit · Jun 30, 01:42 PM UTC BTC OUT
- 04 $1M from Coinbase Prime: Hot Wallet · Jun 11, 05:59 PM UTC
LINK IN - 05 $962.1K from Coinbase Prime: Hot Wallet · Jul 2, 06:01 PM UTC LINK IN
Behavior
How Grayscale flow behaves
Asset managers and ETF issuers leave a recognizable on-chain footprint. These are the patterns this page is built to surface.
Custody rebalancing
Large internal moves between Grayscale custody addresses are routine and should not be read as buying or selling.
Sustained direction matters
One transfer is noise. Days or weeks of one-sided flow into Grayscale wallets is the pattern that has historically tracked fund demand.
How to read Grayscale whale activity
Grayscale moves assets on-chain mainly through custody and settlement infrastructure. That means many transfers on this page are operational: assets shifting between cold storage addresses, custodians, and authorized participants. The direction of flow over time is the readable signal, not any single row.
A practical way to read this page: check whether the 30-day balance leans toward receiving or sending. Consistent receiving alongside market inflow news usually reflects fund creations. Consistent sending can reflect redemptions, custody migration, or planned sales, and the counterparty labels help separate those cases.
Keep the conclusion narrow. This page shows verified transfer evidence with amounts, USD values, and transaction links. It does not show fund NAV, share flows, or off-chain holdings, so treat it as one input alongside official disclosures.
Keep exploring
Keep tracking around Grayscale
Related whales, coin trackers, dashboard filters, and alert channels for the wider feed.
Market makers and OTC desks
Asset managers and ETF issuers
Corporate treasury companies
Individual whales
FAQ
Grayscale whale activity FAQ
Short answers about Grayscale transfers, wallet labels, and alerts.
What is Grayscale?
The issuer of GBTC and ETHE, historically one of the largest single holders of BTC and ETH. This page tracks large transfers where a labeled Grayscale wallet is the sender or the receiver.
Do Grayscale on-chain flows match ETF inflows and outflows?
Often, but not one-to-one. On-chain transfers settle with a delay and include custody rebalancing. Sustained direction over days is a better proxy for fund demand than a single transfer.
Why do some large Grayscale transfers have no market impact?
Many are internal: assets moving between cold storage and operational wallets under the same custodian. The counterparty label on each row helps separate internal moves from real external flow.
How are Grayscale wallets identified?
Whale Alerts maintains a labeling system that links known custody and fund addresses to named entities. Only transfers where a labeled Grayscale wallet appears on either side are shown here.
Can I get alerts when Grayscale wallets move funds?
Yes. Notable whale movements are published through Telegram alerts, and the dashboard lets you filter the full feed by the Grayscale entity for deeper history.
Never miss a Grayscale move.
Use the dashboard for the full Grayscale history and filters, or follow Telegram alerts when notable transfers appear in the monitored feed.