Yujin: Currently, the total BTC holdings of ten BTC spot ETFs amount to approximately 643,905 BTC
According to on-chain analyst Yu Jin on platform X, based on the inflow/outflow of BTC spot ETF funds on January 25th, it is estimated that there will be a transfer of approximately 17,812 BTC (equivalent to $708 million) at around 22:30 when the US stock market opens tonight. Among them, approximately 9,911 BTC will flow out from Grayscale GBTC custody address (outflow of $394.15 million on January 25th); the remaining nine ETF custody addresses will receive approximately 7,901 BTC (inflow of $314.53 million on January 25th). The overall net outflow is about 2,010 BTC (equivalent to $79.62 million). Currently, the total holdings of these ten BTC spot ETFs amount to approximately 643,905 BTC.
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
G20 financial regulators call for close monitoring of private credit and stablecoin developments
Japanese and South Korean stock markets follow overnight decline in US tech stocks
Today's Fear and Greed Index rises to 14, still at the level of Extreme Fear