Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Analysis: It is estimated that about 6699 BTC will be transferred among various ETFs after the U.S. stock market opens tonight

Analysis: It is estimated that about 6699 BTC will be transferred among various ETFs after the U.S. stock market opens tonight

2024/02/06 10:39
BTC+0.04%
According to Ember Monitoring, based on the inflow/outflow of BTC spot ETF funds on February 5th, it is expected that about 6699 BTC (worth approximately $283 million) will be transferred from various ETF custodial addresses after the US stock market opens tonight:
• Grayscale (GBTC) custodial address will outflow about 2546 BTC;
• The remaining nine ETF custodial addresses will inflow about 4153 BTC, with BlackRock (IBIT) having the most inflows, reaching 3241 BTC;
• Ten ETFs have a net inflow of about 1607 BTC in total, marking the seventh consecutive day of net capital inflows. Currently, ten BTC spot ETF custodial addresses hold a total position of approximately 655,576 BTC.
 
 
 
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trending news

More
1
Paul Chan: Hong Kong Monetary Authority is exploring how tokenization can improve the issuance and trading of carbon credits
2
DeepSeek, Unitree Robotics, and others named as Smart Companies by MIT Technology Review

Crypto prices

More
Bitcoin
Bitcoin
BTC
$115,929.62
+0.03%
Ethereum
Ethereum
ETH
$4,660.15
-1.24%
XRP
XRP
XRP
$3.08
-1.24%
Tether USDt
Tether USDt
USDT
$1
+0.00%
Solana
Solana
SOL
$246.34
+1.50%
BNB
BNB
BNB
$938.38
+1.32%
USDC
USDC
USDC
$0.9998
+0.00%
Dogecoin
Dogecoin
DOGE
$0.2908
+2.37%
TRON
TRON
TRX
$0.3501
-0.92%
Cardano
Cardano
ADA
$0.9146
-1.54%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter