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It is expected that after the U.S. stock market opens tonight, there will be a net outflow of approximately 270 BTC from ETF custody addresses

It is expected that after the U.S. stock market opens tonight, there will be a net outflow of approximately 270 BTC from ETF custody addresses

2024/04/10 09:23

PANews reported on April 10 that on-chain analyst Yu Jin tweeted that 11 BTC spot ETFs had a total net outflow of US$18.69 million on April 9, which is expected to result in a net outflow of approximately 270 BTC from ETF custody addresses after the US stock market opens tonight. . Specifically, Grayscale (GBTC) had an outflow of approximately 2,245 BTC, corresponding to a capital inflow of US$154.92 million; while the remaining ten ETFs had a total inflow of approximately 1,975 BTC, corresponding to a capital inflow of US$136.23 million. Among them, the main inflow was BlackRock (IBIT), with a separate inflow of 1,865 BTC worth US$128.67 million. As of now, these ten BTC spot ETFs hold a total of 839,112 BTC, worth approximately US$57.89 billion.

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