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
On the eve of Do Kwon's trial, $1.8 billion is being wagered on his sentence
Dead fundamentals, vibrant speculation.
Space Review｜When the US Dollar Weakens and Liquidity Recovers: Cryptocurrency Market Trend Analysis and TRON Ecosystem Strategy
This article reviews the identification of macro turning points and the capital rotation patterns in the crypto market, and delves into specific allocation strategies and practical approaches for the TRON ecosystem during market cycles.
30-Year Wall Street Veteran: Lessons from Horse Racing, Poker, and Investment Legends That Inspired My Bitcoin Insights
What I focus on is not the price of bitcoin itself, but rather the position allocation of the group of people I am most familiar with—those who possess significant wealth, are well-educated, and have successfully achieved compounding returns on capital over decades.
Trending news
MoreCrypto prices
More
