Wrong data? Grayscale did not liquidate massive amounts of XRP and XLM

0
65


Bybt data apparently showing a massive selloff of XRP and Stellar Lumen (XLM) by Grayscale Investments earlier this week is inaccurate, according to the investment firm.
On Wednesday, a public Bybt data set suggested that Grayscale Investments reduced its XRP exposure by around 9.19 million units and that the fund also reduced its XLM holdings by over 9.74 million units. According to Bybt data, the net change in holdings occurred on Tuesday 24 hours.

Cointelegraph accessed the data before Grayscale released its daily assets under Tuesday’s MD&A and notes in an article that Grayscale allegedly sold significant amounts of XRP and XLM.

Efforts to achieve grayscale on Wednesday failed. However, on Thursday, a spokesperson for Grayscale told Cointelegraph:

“None of the Grayscale investment products have a repayment program. The net holdings of our investment products change only as a result of inflows from the private placement, the price of the underlying assets and accrued management fees. “

“The statements about significant sales of underlying assets by any of our investment products are false and inaccurate. Any perceived significant decrease in the USD value of Grayscale XRP Trust would have been the result of a decrease in the USD price of XRP. “

Bybt’s data feed still shows significant XRP and XLM outflow from Grayscale over the past seven days, both in terms of AUM and actual units of XRP and XLM held. These figures appeared in the “24H Change” column on Wednesday.

Bybt data still shows sharp drop in Grayscale’s XRP and XLM holdings

The grayscale AUM report for Wednesday was released on Thursday. he lit:

Official AUM report from Grayscale for Wednesday

Attempts to contact Bybt have yielded no response.



LEAVE A REPLY

Please enter your comment!
Please enter your name here