Embers: After the U.S. stock market opens tonight, there will be a net outflow of approximately 5,063 BTC from ETF custody addresses
According to Chainalysis analyst Yu Jin's monitoring, on March 19th, ten BTC spot ETFs had a net outflow of funds of $326.6 million. Correspondingly, after the opening of the US stock market tonight (3/20), the ETF custody address will have a net outflow of about 5,063 BTC: Outflow: Grayscale (GBTC) outflow of about 6,884 BTC (corresponding to a capital outflow of $443.5 million on March 19); inflow: the remaining nine ETFs inflow of about 1,821 BTC (corresponding to a capital inflow of $117.3 million on March 19). Currently, the total amount of BTC held by the ten BTC spot ETFs is 834,049 BTC ($53.73 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
[Initial listing] Bitget to list Kiichain (KII)
New data display features added to the futures elite trader homepage
CFD profit share feature upgraded for safer earnings
New stock categories added to the market selection pop-up in the elite trade section
