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After the US stock market opens tonight, the net inflow of Bitcoin spot ETF custodial address will be approximately 1912 BTC

After the US stock market opens tonight, the net inflow of Bitcoin spot ETF custodial address will be approximately 1912 BTC

2024/03/15 10:47
BTC+0.92%

According to a report from Golden Finance, as monitored by on-chain analyst Yu Jin, after two days of strong capital inflows on 3/12-3/13 (with a net inflow of $1.728 billion), the influx of funds significantly slowed down last night (3/14). Apart from BlackRock (IBIT) still having around $350 million in fund inflows, the total fund inflow for the other several ETFs was only $44.29 million. On 3/14, ten BTC spot ETFs had a net inflow of $132.51 million, corresponding to an estimated net inflow of about 1,912 BTC into ETF custody addresses after the U.S. stock market opens tonight (3/15): Outflow: Grayscale (GBTC) saw an outflow of approximately 3,711 BTC (corresponding to a fund outflow of $2.5715 billion on 3/14); Inflow: The remaining nine ETFs had an inflow of around 5,623 BTC (corresponding to a fund inflow of $3.8966 billion on 3/14). The main player is BlackRock (IBIT), with an influx of 4,984 BTC ($34.537 billion). Currently, the ten BTC spot ETFs collectively hold a total amount of Bitcoin: 832,028 BTC ($57.66 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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