Analysis: It is expected that after the opening of the US stock market tonight, the Bitcoin spot ETF custody address will net inflow approximately 3435 BTC

2024-05-07 19:31:51
Collection

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, Grayscale (GBTC) has seen inflows for two consecutive days, and this is also the second consecutive trading day without outflows for spot ETFs.

On May 6, the overall net inflow of funds for eleven BTC spot ETFs was $217.04 million, corresponding to an estimated net inflow of about 3,435 BTC into ETF custody addresses after the U.S. stock market opens tonight (5/7):

  • Outflows: 0;
  • Inflows: Eight ETFs including Fidelity (FBTC) saw inflows of about 3,435 BTC (corresponding to the $217.04 million inflow on 5/6).

Currently, the total amount of BTC held by the eleven BTC spot ETFs is 824,419 BTC ($52.09 billion).

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