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Embers: After the U.S. stock market opens tonight, there will be a net outflow of approximately 5,063 BTC from ETF custody addresses

Embers: After the U.S. stock market opens tonight, there will be a net outflow of approximately 5,063 BTC from ETF custody addresses

Cointime2024/03/20 09:14
By: Cointime
BTC+0.24%

According to Chainalysis analyst Yu Jin's monitoring, on March 19th, ten BTC spot ETFs had a net outflow of funds of $326.6 million. Correspondingly, after the opening of the US stock market tonight (3/20), the ETF custody address will have a net outflow of about 5,063 BTC: Outflow: Grayscale (GBTC) outflow of about 6,884 BTC (corresponding to a capital outflow of $443.5 million on March 19); inflow: the remaining nine ETFs inflow of about 1,821 BTC (corresponding to a capital inflow of $117.3 million on March 19). Currently, the total amount of BTC held by the ten BTC spot ETFs is 834,049 BTC ($53.73 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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