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Yujin: Currently, the total BTC holdings of ten BTC spot ETFs amount to approximately 643,905 BTC

Yujin: Currently, the total BTC holdings of ten BTC spot ETFs amount to approximately 643,905 BTC

2024/01/26 11:22
BTC-0.40%

According to on-chain analyst Yu Jin on platform X, based on the inflow/outflow of BTC spot ETF funds on January 25th, it is estimated that there will be a transfer of approximately 17,812 BTC (equivalent to $708 million) at around 22:30 when the US stock market opens tonight. Among them, approximately 9,911 BTC will flow out from Grayscale GBTC custody address (outflow of $394.15 million on January 25th); the remaining nine ETF custody addresses will receive approximately 7,901 BTC (inflow of $314.53 million on January 25th). The overall net outflow is about 2,010 BTC (equivalent to $79.62 million). Currently, the total holdings of these ten BTC spot ETFs amount to approximately 643,905 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.
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