A Grayscale spokesperson confirmed to Cointelegraph that crypto asset management has not sold XRP and XLM on a large scale after all.
Bybt data, which this week had indicated a massive sale of the cryptocurrencies XRP and Stellar Lumen ( XLM ) by the influential asset management company Grayscale Investments , have probably turned out to be wrong.
On Wednesday, the crypto information portal Bitcoin Storm published data according to which Grayscale Investments is said to have sold just under 9.19 million XRP and more than 9.74 million XLM. This sale should also have happened on Tuesday within just 24 hours.
Based on this data, Cointelegraph reported that the large crypto asset management company had drastically reduced its investments in XRP and XLM.
On Wednesday, Grayscale had not yet responded to Cointelegraph’s request, but an asset management spokesman told Cointelegraph on Thursday:
“None of the grayscale investment products will be sold off. Changes in the net assets of our individual investment products are the result of inflows from private capital, fluctuations in the exchange rate of the cryptocurrencies shown and the management fees incurred.
Claims about massive sales of the cryptocurrencies belonging to our investment products are false and incorrect. Any apparent loss in value of the Grayscale XRP mutual fund is the result of a downturn in the XRP price. “
That said, Bybt’s data for the past week continues to show a large outflow of XRP and XLM at Grayscale. The corresponding figures can be found in the „24H Change“ column of the associated graphic (see below).
The data of Bybt continue to show a significant sales at XRP and XLM
The official daily report of grayscale for Wednesday was again on Thursday published . It says:
At the time of going to press, Bybt had not yet responded to a request from Cointelegraph.