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
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.
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
Turkmenistan passes crypto asset regulation bill, to take effect on January 1 next year
CME: BrokerTec U.S. active markets have resumed trading
CME: All markets remain suspended except for the BrokerTec EU market
A major whale switched from short to long on BTC, with a position valued at $91 million.