Analysis: After the U.S. stock market opens tonight, it is expected that about 1718 BTC will be net inflow into the ETF custodial address
According to on-chain analyst Yu Jin, on April 3rd, ten BTC spot ETFs had a net inflow of $113.16M in funds, corresponding to approximately 1,718 BTC flowing into the ETF custody addresses after the US stock market opens tonight (April 4th):
-Outflow: Grayscale GBTC saw an outflow of about 1,141 BTC (corresponding to a fund outflow of $75.14M on April 3rd);
-Inflows: The remaining nine ETFs had an inflow of about 2,859 BTC (corresponding to a fund inflow of $188.3M on April 3rd). The main influx was Fidelity's FBTC with an inflow of 1,771 BTC ($116.67M).
Currently, the total number of BTC held by these ten spot ETFs is: 834,655 BTC ($54.98B).
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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