Analysis: It is expected that after the opening of the US stock market tonight, the ETF custody address will net inflow approximately 6,018 bitcoins

2024-03-27 18:01:49

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ChainCatcher news, on social media, on-chain analyst Yu Jin stated that the net inflow of funds for ten Bitcoin spot ETFs on March 26 was $417.98 million, and it is expected that after the U.S. stock market opens on March 27, the ETF custody addresses will see a net inflow of approximately 6,018 Bitcoins.

Among them, Grayscale (GBTC) experienced a net outflow of about 3,058 Bitcoins, while the other nine ETFs had a total net inflow of approximately 9,076 Bitcoins, mainly from Fidelity (FBTC) and BlackRock (IBIT), which together accounted for an inflow of 6,354 Bitcoins.

Currently, the ten BTC spot ETFs hold a total of approximately 825,040 Bitcoins. The Bitcoin holdings of BlackRock (IBIT) are now less than 100,000 Bitcoins away from Grayscale (GBTC), and according to the current trend, BlackRock's holdings may surpass Grayscale's in half a month.

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Bitcoin spot ETF GBTC IBIT FBTC

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