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
XRP rises over 20%, spurred by favorable regulatory environment, ETF filing
The price of Ripple’s XRP token has rocketed up over 20% in the past 24 hours, likely buoyed by hopes of a favorable regulatory environment and the resolution of its long-running legal battle with the SEC.21Shares recently filed for an XRP ETF, hoping to bring a fund to market in the likeness of its spot Bitcoin and Ethereum ETFs.
Miner Greenidge Generation Wins Court Case and Will Continue Operations
Dogecoin Investors Drop Class Action Lawsuit Against Elon Musk
Bitcoin Depot Crypto ATM Operator's Revenue Drops 25%