It is expected that after the US stock market opens tonight, there will be a net inflow of approximately 1,912 BTC into ETF custody addresses.
According to on-chain analyst Yu Jin's monitoring, after two days of strong capital inflows from March 12th to March 13th (with a net inflow of 1.728 billion yuan), the inflow of funds slowed significantly last night (March 14th). Except for BlackRock's (IBIT) continued inflow of around US$350 million, the total inflow of other several ETFs was only 44.29 million yuan. On March 14th, ten BTC spot ETFs had a net inflow of US$132.51 million, corresponding to a net inflow of about 1,912 BTC to the ETF custody address after the opening of the US stock market tonight (March 15th): · Outflow: Grayscale (GBTC) outflow of about 3,711 BTC (corresponding to a capital outflow of US$257.15 million on March 14th); · Inflow: The other nine ETFs had an inflow of about 5,623 BTC (corresponding to a capital inflow of US$389.66 million on March 14th). The main force was BlackRock (IBIT), which had an inflow of 4,984 BTC (US$345.37 million).Currently, the ten BTC spot ETFs hold a total of 832,028 BTC (US$57.66 billion).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Leaders of the Russian crypto industry to be named at Crypto Awards 2024 in Moscow
Hamster Combat co-founder to pay 2,5 million rubles in lawsuit
Circle CEO Optimistic About Donald Trump's Crypto Policy
QCP Capital Analysts Identify the Reason for Bitcoin Correction