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It is expected that after the US stock market opens tonight, there will be a net inflow of approximately 6,973 BTC into ETF custody addresses.

It is expected that after the US stock market opens tonight, there will be a net inflow of approximately 6,973 BTC into ETF custody addresses.

CointimeCointime2024/03/08 13:03
By:Cointime

GrayScale was still the only one with outflows, while the others had inflows. The net inflow of funds for ten BTC spot ETFs was 472.54 million US dollars. Valkyrie (BRRR) continued to receive inflows of 41.83 million US dollars last night, and it has the opportunity to catch up with the second-tier (ARKB of Wooden Sister and BITB of Bitwise) in this situation. On March 7th, the net inflow of funds for ten BTC spot ETFs was 472.54 million US dollars, corresponding to a net inflow of about 6,973 BTC after the ETF custody address opens tonight (3/8) after the US stock market opens: • Outflows: GrayScale (GBTC) outflowed about 5,532 BTC (corresponding to a fund outflow of 374.80 million US dollars on 3/7); • Inflows: The other nine ETFs received inflows of about 12,505 BTC (corresponding to a fund inflow of 847.34 million US dollars on 3/7), with BlackRock (IBIT) and Fidelity (FBTC) being the main players, and these two alone received inflows of 10,591 BTC (717.59 million US dollars). Currently, the ten BTC spot ETFs hold a total of 792,691 BTC (53.7 billion US dollars).

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