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Analysis: After the opening of U.S. stocks next Monday, about 1,310 BTC will be net outflow from the ETF custodial address

Analysis: After the opening of U.S. stocks next Monday, about 1,310 BTC will be net outflow from the ETF custodial address

Bitget2024/04/27 10:21
BTC+0.09%

According to on-chain analyst Yu Jin, on April 26th, a net outflow of $83.61 million was observed from eleven BTC spot ETFs, corresponding to an estimated net outflow of about 1,310 BTC from the ETF custody addresses after the opening of US stocks next Monday: Outflows: Three ETFs such as Grayscale (GBTC) had an outflow of approximately 1,395 BTC (corresponding to a fund outflow of $89.04 million on April 26); Inflows: Ark Invest (ARKB) had an inflow of about 85 BTC (corresponding to a fund inflow of $5.43 million on April 26). Currently, these eleven BTC spot ETFs hold a total amount of BTC: 833,562BTC ($53.21 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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