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It is expected that after the U.S. stock market opens tonight, there will be a net increase of approximately 221 BTC in ETF custody addresses

It is expected that after the U.S. stock market opens tonight, there will be a net increase of approximately 221 BTC in ETF custody addresses

2024/03/26 09:17

PANews reported on March 26 that on-chain analyst Yu Jin tweeted that ten BTC spot ETFs had a significant inflow of $15.7M yesterday. It is expected that after the US stock market opens tonight, the custody addresses of these ETFs will have a net increase of approximately 221 BTC. Detailed fund flows are as follows:
Grayscale GBTC experienced an outflow of approximately 4,930 BTC, equivalent to $350.10M;
The other nine ETFs saw a total inflow of approximately 5,151 BTC, with a total inflow of $365.8M. Fidelity FBTC led the way with an inflow of 3,687 BTC ($261.79M).
Currently, the total holdings of these ten BTC spot ETFs have reached 823,375 BTC, worth approximately $58.46B.

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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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