Analysis: ETF custody addresses are expected to have a net outflow of 1,310 BTC after the U.S. stock market opens next Monday

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MarsBit
04-27
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According to Mars Finance, according to the monitoring of on-chain analyst Yu Jin, the overall net outflow of funds from 11 BTC spot ETFs is $83.61M, which means that after the opening of the U.S. stock market next Monday (April 29), the ETF custody address will have a net outflow of about 1,310 BTC:

- Outflow: Grayscale (GBTC) and other three ETFs outflowed about 1,395 BTC (corresponding to an outflow of US$89.04 million on April 26);

- Inflow: Ark Invest (ARKB) received about 85 BTC (corresponding to an inflow of $5.43 million on April 26). Currently, the total number of BTC held by the eleven BTC spot ETFs is 833,562 BTC (53.21 billion US dollars).

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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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