Analysis: It is expected that there will be a net inflow of 3,547 BTC into ETF custody addresses after the US stock market opens tonight

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MarsBit
03-28
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Mars Finance news, according to on-chain analyst Ember’s monitoring, ten BTC spot ETFs had a net inflow of $243.41M on 3/27, corresponding to a net inflow of approximately 3,547 BTC into the ETF custody address after the U.S. stock market opens tonight (3/28):

-Outflow: Grayscale (GBTC) outflowed approximately 4,368 BTC (corresponding to an outflow of $299.84M on 3/27);

-Inflow: The remaining nine ETFs have an inflow of approximately 7,915 BTC (corresponding to an inflow of $543.25M on 3/27). The main players are BlackRock (IBIT) and Ark Invest (Cathie Wood), which have an inflow of 7,642 BTC ($524.51M).

Currently, the ten BTC spot ETFs hold a total of BTC amount: 831,955 BTC ($57.1B).

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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