A minor earthquake swarm took place around 43 km west of Grímsey island. The largest earthquakes in this swarm where not felt because of distance from populated areas. This earthquake swarm took place on a north end of a rift valley that is at this location and goes all the way to Akureyri and little south of Akureyri town. Where it ends is unclear.
Largest earthquake in this small earthquake swarm had a magnitude of Mw3,5. This area had a large earthquake swarm in June 2020 with the largest earthquake in that swarm reaching magnitude of Mw5,8 that was felt over a large area in north Iceland. Large earthquake swarms happen in this rift valley regularly. I am not sure how often it does happen. More earthquakes in this area might be possible without any warning. Distance from land makes it difficult to record earthquakes at this location if they are small in magnitude.