#BinanceLaunchpool #cpi #bitcoinhalving
## Overview
According to an analysis from Ember Monitoring, a substantial net outflow of approximately 824 BTC is expected from Bitcoin spot ETF custody addresses following the opening of the U.S. stock market on April 15. This development comes amid recent price retracement in Bitcoin, which has seen a correction rate of 7% from its peak at $72,000 down to $67,000.
## Key Insights
- On-chain analytics indicate that BTC spot ETFs have experienced a net outflow of $83.45 million over the course of five days this week.
- Specifically, April 12 witnessed a significant net outflow of $55.06 million across eleven BTC spot ETFs.
- Grayscale (GBTC), a prominent player in the crypto space, saw an outflow of approximately 2,486 BTC, equivalent to $166.21 million on the same day.
- In contrast, BlackRock's Bitcoin ETF (IBIT) recorded an inflow of around 1,662 BTC, totaling $111.15 million on April 12.
- The combined holdings of the eleven BTC spot ETFs currently amount to 841,806 BTC, valued at approximately $56.29 billion.
## Market Dynamics
The expected outflow could significantly influence market dynamics. As investors closely monitor these developments, the movement of BTC from ETF custody addresses may impact overall sentiment and trading patterns.
Stay tuned for further updates as the situation unfolds!
Source:theecoinrepublic
