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ETF custodial addresses are expected to net around 4,946 BTC tonight after the US open

ETF custodial addresses are expected to net around 4,946 BTC tonight after the US open

2024/03/07 11:53

Chain analyst Yu Hui said in a post that last night (March 6), ten BTC spot ETFs only grey one net breakthrough, the other nine results in net inflows. In addition it is worth mentioning that the previous Valkyrie (BRRR) ) in last night's inflow of funds surged to $ 40.66 million, becoming the branch of the BTC spot ETF since the launch of the largest inflow of funds on the day.Valkyrie in the last night of the whole ETF size is only $ 195 million, is the volume of trading in the ten ETFs and the ten BTC spot ETFs net inflow of funds on 6 March US$332.06 million, corresponding to a net inflow of about 4,946 BTC into the ETF's custodian address after the US stock market opens tonight (March 7): - Returns: greyness (GBTC) breaks out at about 4,113 BTC (corresponding to the March 6 funds breakout of US$276.16 million); - Inflows: the remaining nine ETFs Inflows of around 9,059 BTC (corresponding to March 6 inflows of $608.22 million), dominated by Ryder (IBIT) and Fidelity (FBTC), which alone saw inflows of 7,259 BTC ($487.39 million). Total number of BTC currently held by the ten BTC spot ETFs: 787,584 BTC ($52.87 billion).

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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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