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Analysis: After the US stock market opens tonight, the ETF custody address will have a net outflow of about 270 BTC

CointimeCointime2024/04/10 09:43

Chainalysis analyst Yu Jin reported that 11 spot Bitcoin ETFs saw a net outflow of $18.69 million, corresponding to a net outflow of about 270 BTC from the ETF custody address after the US stock market opened tonight (April 10):

Outflow: Grayscale GBTC outflow of about 2,245 BTC (corresponding to a fund outflow of $154.92 million on April 9);

Inflow: The remaining 10 spot Bitcoin ETFs saw an inflow of about 1,975 BTC (corresponding to a fund inflow of $136.23 million on April 9). The main inflow was from BlackRock's iShares Bitcoin ETF, which saw an inflow of 1,865 BTC ($128.67 million).

Currently, the 11 spot Bitcoin ETFs hold a total of 839,112 BTC ($57.89 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.

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