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It is expected that the ETF custody address will have a net inflow of about 3,435 BTC after the U.S. stock market opens tonight

It is expected that the ETF custody address will have a net inflow of about 3,435 BTC after the U.S. stock market opens tonight

PANews2024/05/07 11:44
By:PANews

PANews reported on May 7 that on-chain analyst Yu Jin tweeted that Grayscale (GBTC) recorded capital inflows for two consecutive days, while spot ETFs also had no capital outflows for the second consecutive trading day. On May 6, the overall net inflow of funds for the eleven BTC spot ETFs reached US$217 million. After the opening of the U.S. stock market tonight (May 7), the custodial addresses of these ETFs are expected to have a net inflow of about 3,435 BTC. Among them, eight ETFs, including Fidelity (FBTC), have a total inflow of about 3,435 BTC. Currently, these eleven BTC spot ETFs hold a total of 824,419 BTC, worth about US$52.09 billion.

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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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