After the US stock market opens tonight, there will be a net inflow of approximately 597 BTC into ETF custody addresses
Blockchain analyst Yu Jin stated that last night, Ark Invest and 21Shares (ARKB) had a net outflow of funds of $87.49 million, exceeding the $81.86 million of Grayscale (GBTC). On April 2nd, ten BTC spot ETFs had a net inflow of funds of $39.46 million, corresponding to a net inflow of about 597 BTC to the ETF custody address after the U.S. stock market opens tonight: Outflow: Ark Invest and 21Shares (ARKB) and Grayscale (GBTC) had a net outflow of about 2,563 BTC (corresponding to a fund outflow of $169.35 million on 4/2); Inflow: The remaining eight ETFs had a net inflow of about 3,160 BTC (corresponding to a fund inflow of $208.81 million on 4/2). Currently, the ten BTC spot ETFs hold a total of 832,523 BTC ($55.01 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
Manhattan prosecutors plan to scale back crypto cases
USDC Treasury destroys 50 million USDC on the Ethereum chain
dYdX community passes proposal to allocate 50% of revenue to MegaVault and 10% to Treasury SubDAO