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Analysis: It is estimated that about 6699 BTC will be transferred among various ETFs after the U.S. stock market opens tonight
2024/02/06 10:39
According to Ember Monitoring, based on the inflow/outflow of BTC spot ETF funds on February 5th, it is expected that about 6699 BTC (worth approximately $283 million) will be transferred from various ETF custodial addresses after the US stock
market opens tonight:
• Grayscale (GBTC) custodial address will outflow about 2546 BTC;
• The remaining nine ETF custodial addresses will inflow about 4153 BTC, with BlackRock (IBIT) having the most inflows, reaching 3241 BTC;
• Ten ETFs have a net inflow of about 1607 BTC in total, marking the seventh consecutive day of net capital inflows. Currently, ten BTC spot ETF custodial addresses hold a total position of approximately 655,576 BTC.
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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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