After the opening of the US stock market on March 13th, approximately 14,639 BTC will flow into ETF custody addresses
According to on-chain analyst Yu Jin's monitoring, Grayscale (GBTC) had daily outflows of $300-400 million in the past few days, but last night (March 12), it suddenly dropped to less than $80 million. In addition, BlackRock (IBIT) saw record inflows last night (March 12), reaching $850 million. As a result, on March 12, the net daily fund inflow of ten BTC spot ETFs exceeded $1 billion for the first time since their establishment. The net inflow funds of ten BTC spot ETFs on March 12 amounted to $1.04508 billion, corresponding to approximately 14,639 BTC that will be netted into ETF custody addresses after the U.S. stock market opens tonight (March 13):
• Outflow: Grayscale (GBTC) and JPMorgan Chase (BTCO) had outflows of about 1,381 BTC (corresponding to an outflow of $98.63 million on March 12);
• Inflow: The remaining eight ETFs had inflows of about 16,020 BTC (corresponding to an inflow of $11.4371 billion on March 12), with BlackRock (IBIT) being the main contributor with an inflow of 11,891 BTC ($848.98 million).
Currently, the total number of bitcoins held by ten BTC spot ETFs is: 810,085 bitcoins ($57.83 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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