According to the investment firm, there are undoubtedly figures that apparently show a massive liquidation of XRP and Stellar Lumen (XLM) by Grayscale Investments earlier this week.
On Wednesday, a public Bybt dataset suggested that Grayscale Investments reduce its exposure to XRP by approximately 9.19 million units and that the fund also reduce its XLM holdings by more than 9.74 million units. According to data from Bybt, the net change in ownership occurred 24 hours on Tuesday.
Cointelegraph gained access to the data before Grayscale released its daily assets under management report for Tuesday, noting in an article that Grayscale allegedly sold significant amounts of XRP and XLM.
Attempts to reach Grayscale on Wednesday were unsuccessful. However, a Grayscale spokesman told Cointelegraph on Thursday:
‘None of the gray scale investment products have a redemption program. The net ownership of our investment products changes only due to the inflow of the private placement, the price of the underlying assets and the accrued management fee. ”
“Statements about large sales of underlying assets by any of our investment products are untrue and inaccurate. Any observed large drop in the USD value of Grayscale XRP Trust would be due to a drop in the USD price of XRP. ”
Bybt’s data stream continues to show a large outflow of XRP and XLM from Grayscale over the past seven days, both in terms of AUM and the actual units of XRP and XLM. These figures appear on Wednesday under the column “24H Change”.
The Gray Scale AUM report for Wednesday was released on Thursday. It read:
Attempts to contact Bybt did not respond.