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BTC $65,771.53 -1.56%
ETH $1,793.22 -1.94%
BNB $607.16 -2.43%
XRP $1.22 -4.39%
SOL $73.75 -2.28%
TRX $0.3173 -0.72%
DOGE $0.0874 -2.24%
ADA $0.1750 -6.80%
BCH $218.41 -2.64%
LINK $8.27 -2.26%
HYPE $73.23 +7.29%
AAVE $76.12 +0.47%
SUI $0.7912 -2.34%
XLM $0.2194 -0.40%
ZEC $502.77 -5.14%

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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