Analysis: It is estimated that about 579 BTC will be net outflow from the ETF custodial address after the U.S. stock market opens tonight

Bitget2024/05/03 07:52

By:Bitget

PANews reported on May 3rd, according to on-chain data analyst Yu Jin, it is expected that about 579 BTC will be net outflow from the ETF custodial addresses after the U.S. stock market opens tonight, including:

Outflows: About 926 BTC outflow from Grayscale (GBTC);
Inflows: About 347 BTC inflow into four ETFs such as Ark Invest (ARKB).

Currently, eleven spot BTC ETFs hold a total of 818,991 BTC (approximately $48.59 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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Analysis: It is estimated that about 579 BTC will be net outflow from the ETF custodial address after the U.S. stock market opens tonight

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