What is ETF and why It's matters to $BTC
The BTC spot ETF experienced net outflows in the five trading days this week, with a total outflow of $887.75M, corresponding to a decrease in BTC holdings of 13,596 pieces.
The impact is that the BTC price has a correction of $8,000 this week ($68.7K $60.7K).
However, the net outflow of BTC spot ETF funds has continued to shrink in recent days, and last night (3/22) it was only $51.6M.
Following this trend, we can expect to see another net inflow of funds next week.
On 3/22, ten BTC spot ETFs had a net outflow of $51.6M, which corresponds to a net outflow of approximately 807 BTC from the ETF custody address after the U.S. stock market opens next Monday (3/25):
• Outflow: Grayscale (GBTC) outflow was approximately 2,657 BTC (corresponding to an outflow of $169.94M on 3/22);
• Inflow: The remaining nine ETFs have an inflow of approximately 1,850 BTC (corresponding to an inflow of $118.34M on 3/22).
The ten BTC spot ETFs currently hold a total of BTC: 824,214 BTC ($52.71B).
