Analysis: It is expected that after the opening of the US stock market tonight, the ETF custody address will net inflow approximately 476 BTC
ChainCatcher news, on April 23, on-chain analyst Yu Jin tweeted that a total of eleven Bitcoin (BTC) spot exchange-traded funds (ETFs) recorded a net inflow of $31.64 million, which is expected to lead to a net inflow of about 476 BTC into these ETF custody addresses after the U.S. stock market opens tonight.
Specifically, Grayscale (GBTC), Invesco (BTCO), and VanEck (HODL) had a total outflow of about 1,039 BTC, corresponding to an outflow of approximately $6.909 million. Meanwhile, the other eight ETFs saw an inflow of about 1,515 BTC, corresponding to an inflow of approximately $10.73 million.
As of now, these eleven BTC spot ETFs hold a total of 839,317 BTC, with a market value of approximately $55.78 billion.
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