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Analysis: ETF custody addresses will see a net outflow of approximately 1,886 BTC after the U.S. stock market opens tonight

Analysis: ETF custody addresses will see a net outflow of approximately 1,886 BTC after the U.S. stock market opens tonight

Bitget2024/04/25 09:31
BTC+1.60%GBTC0.00%

According to Jinse Finance, according to the monitoring of on-chain analyst Yu Jin, on April 24, the net outflow of funds from 11 BTC spot ETFs was US$120.64 million, which corresponds to a net outflow of about 1,886 BTC from the ETF custody address after the opening of the US stock market tonight: Outflow: Grayscale (GBTC) outflow of about 2,039 BTC (corresponding to an outflow of US$130.42 million on April 24); Inflow: The remaining ten ETFs inflow of about 153 BTC (corresponding to an inflow of US$9.78 million on April 24). Currently, the total number of BTC held by the 11 BTC spot ETFs is 838,964 BTC (US$53.65 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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