BTC $78,795.27 -0.41%
ETH $2,496.44 +0.20%
BNB $751.95 +1.53%
XRP $1.42 +1.68%
SOL $103.69 +0.06%
TRX $0.3390 +1.19%
DOGE $0.0901 -0.32%
ADA $0.2180 -0.54%
BCH $258.50 -0.40%
LINK $12.46 -1.66%
HYPE $85.87 +1.61%
AAVE $129.13 -1.67%
SUI $0.8129 -1.63%
XLM $0.1880 -1.29%
ZEC $1,182.26 +4.33%
BTC $78,795.27 -0.41%
ETH $2,496.44 +0.20%
BNB $751.95 +1.53%
XRP $1.42 +1.68%
SOL $103.69 +0.06%
TRX $0.3390 +1.19%
DOGE $0.0901 -0.32%
ADA $0.2180 -0.54%
BCH $258.50 -0.40%
LINK $12.46 -1.66%
HYPE $85.87 +1.61%
AAVE $129.13 -1.67%
SUI $0.8129 -1.63%
XLM $0.1880 -1.29%
ZEC $1,182.26 +4.33%

Analysis: It is expected that after the U.S. stock market opens on April 15, the Bitcoin spot ETF custody address will see a net outflow of approximately 824 BTC

2024-04-13 17:44:32

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, BTC spot ETFs experienced a net outflow of $83.45 million over the past week. The BTC price also retraced from $72,000 to $67,000 this week, a decline of 7%. On April 12, eleven BTC spot ETFs had a net outflow of $55.06 million, corresponding to a net outflow of approximately 824 BTC from ETF custody addresses after the U.S. stock market opens next Monday (4/15):

  • Outflow: Grayscale (GBTC) had an outflow of approximately 2,486 BTC (corresponding to a fund outflow of $166.21 million on 4/12);
  • Inflow: BlackRock (IBIT) had an inflow of approximately 1,662 BTC (corresponding to a fund inflow of $111.15 million on 4/12).

Currently, the eleven BTC spot ETFs hold a total of 841,806 BTC (worth $56.29 billion).

app_icon
ChainCatcher Building the Web3 world with innovations.