Analyst: It is expected that approximately 9,363 BTC will be transferred to various ETF custody addresses after the US stock market opens tonight
According to on-chain analyst Yu Jin's analysis, it is expected that after the opening of the US stock market tonight, there will be a transfer of about 9,363 BTC (worth 402.49 million) to various ETF custodial addresses based on the inflow/outflow of BTC spot ETF funds.The GrayScale GBTC custodial address will flow out about 4,235 BTC (about $182 million).The custodial addresses of the other nine ETFs will flow in about 5,128 BTC (about $220 million), with BlackRock IBIT receiving the most inflows, reaching 3,812 BTC (about $164 million).Ten ETFs have a net inflow of about 893 BTC (about $38.45 million), marking the fifth consecutive day of net fund inflows.Currently, these ten BTC spot ETF custodial addresses hold a total of about 653,396 BTC (about $28.08 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.
You may also like
Fantom’s Solid Pattern of Higher Lows: What’s Next for FTM Price?

LINK’s Nearly 5% Daily Jump Sparks Optimism- Will LINK Reach $20 Soon?

Sonic Soars Over 6%—Can a Successful Breakout Send It Toward $1?

Solana’s Path to $3,800—Will It Hold Above $130 This Weekend?

Trending news
MoreCrypto prices
More








