Analysis: It is estimated that about 579 BTC will be net outflow from the ETF custodial address after the U.S. stock market opens tonight
PANews reported on May 3rd, according to on-chain data analyst Yu Jin, it is expected that about 579 BTC will be net outflow from the ETF custodial addresses after the U.S. stock market opens tonight, including:
Outflows: About 926 BTC outflow from Grayscale (GBTC);
Inflows: About 347 BTC inflow into four ETFs such as Ark Invest (ARKB).
Currently, eleven spot BTC ETFs hold a total of 818,991 BTC (approximately $48.59 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
Bitget Daily Digest (May 12)｜Substantial Progress in U.S.-China Trade Talks, Altseason Index Hits 90-Day High
Expectations of reconciliation are heating up, the market is strengthening, and Ethereum is leading a broad rise in the altcoin market.
Pi Coin Surges Dramatically, Capturing Market Attention
In Brief Pi Coin rose 34% in 24 hours, reaching $0.98 but challenging $1 resistance. Trading volume and liquidity suggest possible resistance breakthroughs for the altcoin. Upcoming announcements and exchange listings could push Pi Coin to new highs.
Cosmos (ATOM) To Rise Further? Double Bottom Pattern Signaling an Upside Move
Chainlink (LINK) To Rise Further? Key Breakout Signals Potential Upside Move
Trending news
MoreCrypto prices
More
