Analysis: After the US stock market opens tonight, the spot Bitcoin ETF custody address will have a net outflow of about 3,122 BTC
As monitored by on-chain analyst Yu Jin, 10 BTC spot ETFs had a net outflow of $223.84 million on 4/8, corresponding to a net outflow of about 3,122 BTC from ETF custody addresses after the US stock market opens tonight (4/9):Outflow: Grayscale (GBTC) outflowed about 4,232 BTC (corresponding to a fund outflow of $303.34 million on 4/8);Inflow: The remaining nine ETFs inflowed about 1,110 BTC (corresponding to a fund inflow of $79.5 million on 4/8).The total amount of BTC held by the ten BTC spot ETFs is currently 842,744 BTC ($60.4 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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