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After the US stock market opens tonight, there will be a net inflow of approximately 597 BTC into ETF custody addresses

After the US stock market opens tonight, there will be a net inflow of approximately 597 BTC into ETF custody addresses

CointimeCointime2024/04/03 10:10
By:Cointime

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).

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