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ZEC $500.61 -4.46%
BTC $65,568.22 -1.64%
ETH $1,794.29 -1.80%
BNB $606.38 -2.33%
XRP $1.22 -4.07%
SOL $74.00 -1.82%
TRX $0.3164 -1.03%
DOGE $0.0874 -1.70%
ADA $0.1731 -6.89%
BCH $218.38 -2.01%
LINK $8.27 -1.89%
HYPE $73.26 +8.76%
AAVE $76.04 +1.97%
SUI $0.7912 -1.38%
XLM $0.2192 -2.05%
ZEC $500.61 -4.46%

Analysis: It is expected that after the opening of the US stock market next Monday, the ETF custody address will net inflow approximately 2,581 BTC

2024-03-29 18:45:14
Collection

ChainCatcher news, according to Ember monitoring, BTC spot ETFs experienced a net outflow throughout last week and a net inflow this week. This week, a total of $860 million has flowed in, and the BTC price has risen from $67K at the opening of the U.S. stock market on Monday to a peak of $71.5K, supported by the inflow of funds.

On 3/28, the ten BTC spot ETFs had a net inflow of $183M, corresponding to a net inflow of approximately 2,581 BTC into ETF custody addresses after the U.S. stock market opens next Monday (4/1):

  • Outflow: Grayscale (GBTC) had an outflow of approximately 1,480 BTC (corresponding to a fund outflow of $104.85M on 3/28);

  • Inflow: The remaining nine ETFs had an inflow of approximately 4,061 BTC (corresponding to a fund inflow of $287.85M on 3/28).

Currently, the ten BTC spot ETFs hold a total of 833,463 BTC ($59.05B).

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