Analysis: After the US stock market opens tonight, there will be a net outflow of approximately 1,437 BTC from ETF custody addresses
Blockchain analyst Yu Jin wrote that on March 22, ten BTC spot ETFs saw a net outflow of $93.83 million, corresponding to a net outflow of about 1,437 BTC from ETF custody addresses after the opening of the US stock market tonight (March 22). The outflows were from Grayscale (GBTC), which saw an outflow of about 5,493 BTC (corresponding to a capital outflow of $358.79 million on March 21); and inflows were from the remaining nine ETFs, which saw an inflow of about 4,056 BTC (corresponding to a capital inflow of $264.96 million on March 21), led by BlackRock (IBIT), which saw an inflow of 3,574 BTC ($233.45 million). Currently, the ten BTC spot ETFs hold a total of 825,350 BTC ($53.91 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.
You may also like
Ethereum Foundation Launches Trillion Dollar Security Initiative to Strengthen Network
The Ethereum Foundation has launched a “Trillion Dollar Security Initiative” to enhance the security and resilience of the Ethereum blockchain. This program aims to protect the network, which supports a wide range of decentralized finance applications, NFTs, and smart contracts.
MetaMask Token Launch Remains Uncertain, Says Co-Founder Dan Finlay
MetaMask is still considering the launch of a native token, but no definitive plans have been made yet. Dan Finlay, MetaMask’s co-founder, described the possibility of a token as a “maybe” during an interview on The Block’s “Crypto Beat” podcast on May 14, 2025.
Is the XRP price rally over for now?
South Korea’s Presidential Candidates Back Bitcoin ETFs
Trending news
MoreCrypto prices
More
