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After the opening of the US stock market on March 13th, approximately 14,639 BTC will flow into ETF custody addresses

After the opening of the US stock market on March 13th, approximately 14,639 BTC will flow into ETF custody addresses

2024/03/13 08:53
BTC+0.84%

According to on-chain analyst Yu Jin's monitoring, Grayscale (GBTC) had daily outflows of $300-400 million in the past few days, but last night (March 12), it suddenly dropped to less than $80 million. In addition, BlackRock (IBIT) saw record inflows last night (March 12), reaching $850 million. As a result, on March 12, the net daily fund inflow of ten BTC spot ETFs exceeded $1 billion for the first time since their establishment. The net inflow funds of ten BTC spot ETFs on March 12 amounted to $1.04508 billion, corresponding to approximately 14,639 BTC that will be netted into ETF custody addresses after the U.S. stock market opens tonight (March 13):

• Outflow: Grayscale (GBTC) and JPMorgan Chase (BTCO) had outflows of about 1,381 BTC (corresponding to an outflow of $98.63 million on March 12);

• Inflow: The remaining eight ETFs had inflows of about 16,020 BTC (corresponding to an inflow of $11.4371 billion on March 12), with BlackRock (IBIT) being the main contributor with an inflow of 11,891 BTC ($848.98 million).

Currently, the total number of bitcoins held by ten BTC spot ETFs is: 810,085 bitcoins ($57.83 billion).

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.
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