Analysis: It is expected that after the U.S. stock market opens on April 15, the Bitcoin spot ETF custody address will see a net outflow of approximately 824 BTC

2024-04-13 17:44:32
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ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, BTC spot ETFs experienced a net outflow of $83.45 million over the past week. The BTC price also retraced from $72,000 to $67,000 this week, a decline of 7%. On April 12, eleven BTC spot ETFs had a net outflow of $55.06 million, corresponding to a net outflow of approximately 824 BTC from ETF custody addresses after the U.S. stock market opens next Monday (4/15):

  • Outflow: Grayscale (GBTC) had an outflow of approximately 2,486 BTC (corresponding to a fund outflow of $166.21 million on 4/12);
  • Inflow: BlackRock (IBIT) had an inflow of approximately 1,662 BTC (corresponding to a fund inflow of $111.15 million on 4/12).

Currently, the eleven BTC spot ETFs hold a total of 841,806 BTC (worth $56.29 billion).

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