Analysis: ETF custody addresses are expected to have a net outflow of 2,742 BTC after the U.S. stock market opens tonight
According to on-chain analyst Yu Jin's monitoring, a total of 177.28 million US dollars of net outflow of funds was observed in eleven spot Bitcoin ETFs. It is expected that the ETF custody address will have a net outflow of about 2,742 BTC after the opening of the US stock market tonight: -Outflow: Grayscale GBTC and other four ETFs had an outflow of about 3,083 BTC (corresponding to a capital outflow of 199.31 million US dollars on April 25); -Inflow: Valkyrie BRRR and other two ETFs had an inflow of about 341 BTC (corresponding to a capital inflow of 22.03 million US dollars on April 25). Currently, the eleven spot Bitcoin ETFs hold a total of 836,764 BTC (54.12 billion US dollars).
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
4 Cryptocurrencies To Look As Market Momentum Holds Strong
Web3Bay Shines in Decentralized E-Commerce: How It Stacks Against Internet Computer & Theta Network