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BCH $205.83 -0.83%
LINK $7.84 -1.80%
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AAVE $62.15 -3.52%
SUI $0.7475 -1.79%
XLM $0.1962 -3.05%
ZEC $467.19 +7.17%

Analysis: After the opening of the US stock market tonight, the ETF custody address is expected to net inflow approximately 597 BTC

2024-04-03 17:46:09
Collection

ChainCatcher news, according to Ember monitoring, last night (4/2) Ark Invest and 21Shares (ARKB) saw an outflow of $87.49M, exceeding Grayscale (GBTC) at $81.86M. Previously, apart from Grayscale (GBTC), there were occasional outflows from some ETFs, but the amounts were not large; the absolute main outflow was only Grayscale (GBTC). This is also the first time an ETF has surpassed Grayscale (GBTC) in daily outflows.

On 4/2, the ten BTC spot ETFs had a net inflow of $39.46M, corresponding to approximately 597 BTC that will net inflow into ETF custody addresses after the US stock market opens tonight (4/3):

◎ Outflow: Ark Invest and 21Shares (ARKB) and Grayscale (GBTC) had an outflow of approximately 2,563 BTC (corresponding to the 4/2 outflow of $169.35M);

◎ Inflow: The remaining eight ETFs had an inflow of approximately 3,160 BTC (corresponding to the 4/2 inflow of $208.81M).

Currently, the ten BTC spot ETFs hold a total of 832,523 BTC ($55.01B).

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