Analysis: After the US stock market opens tonight, the ETF custody address will see a net outflow of approximately 819 BTC

2024-04-30 19:36:23

According to ChainCatcher news, monitored by on-chain analyst Yu Jin, on April 29, the overall net outflow of funds from eleven BTC spot ETFs was approximately $51 million. After the U.S. stock market opens tonight, the ETF custody addresses will net out approximately 819 BTC:

Outflow: Three ETFs including Grayscale (GBTC) had an outflow of about 999 BTC (corresponding to an outflow of approximately $63 million on April 29);
Inflow: Three ETFs including Bitwise (BITB) had an inflow of about 180 BTC (corresponding to an inflow of approximately $11 million on April 29).

Currently, the eleven BTC spot ETFs hold a total of: 831,957 BTC (approximately $5.237 billion).

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