● In the past six weeks, Bitcoin spot ETFs have a net inflow of 519 BTC
According to Odaily Planet Daily, according to data from HODL15Capital, Bitcoin spot ETFs have seen a net inflow of 519 BTC in the past six weeks.
● The total net outflow of funds from the 11 BTC spot ETFs is $83.61M, and it is expected that about 1,310 BTC will flow out next Monday
According to Odaily Planet Daily, on-chain analyst Yu Jin monitored that the overall net outflow of funds from 11 BTC spot ETFs was $83.61M, which corresponds to a net outflow of about 1,310 BTC from the ETF custody address after the opening of the U.S. stock market next Monday (April 29). Among them, three ETFs including Grayscale (GBTC) outflowed about 1,395 BTC (corresponding to an outflow of $89.04 million on April 26); and Ark Invest (ARKB) inflowed about 85 BTC (corresponding to an inflow of $5.43 million on April 26). At present, these 11 BTC spot ETFs hold a total of 833,562 BTC (about $53.21 billion).
● Bitwise BITB reduced its Bitcoin holdings for two consecutive days, and as of April 26, its holdings fell to 33,888 BTC
According to Golden Finance, Bitwise official data shows that as of April 26 local time, the Bitcoin holdings of its Bitcoin spot exchange-traded fund BITB reached 33,888 BTC, a decrease of about 60 BTC from the previous day, and has been reduced for two consecutive days, with a market value of approximately US$2,165,342,638.549. In addition, the current BITB circulation shares have dropped to 62,160,000 shares, with each share holding 0.000545 BTC.
● 10x Research: DTCC announced to increase margin requirements for cryptocurrency ETFs, which may trigger a reversal of Bitcoin ETF capital inflows
According to BlockBeats, cryptocurrency research firm 10x Research analyzed that the Depository Trust and Clearing Corporation (DTCC) recently announced that starting April 30, it will no longer provide any collateral value for any ETF or other investment vehicle that includes Bitcoin or other cryptocurrencies as underlying investment targets, and the relevant assets will be considered 100% write-down, which means that market makers need to provide more margin. 10x Research pointed out that Bitcoin prices are creating lower highs and a new downward trend seems to be forming. In this context, DTCC's statement may have a significant impact.
● DWF Labs co-founder predicts that the cryptocurrency market may continue to fall or go sideways in the coming months
According to TechFlow, DWF Labs co-founder Andrei Grachev tweeted that the current cryptocurrency market seems to have entered a rather calm and even boring phase, and more drivers are needed to drive capital inflows. Grachev believes that this is a good period for construction and a good time for investment and financing. Grachev predicts that the market may continue to fall or go sideways in the next few months, after which market activity will increase and the Ethereum ETF may be launched, driving the market back to the bulls.
● Data: The share prices of several Bitcoin mining companies rose after Bitcoin halving
According to Golden Finance, according to Motley Fool report data, in the week after the Bitcoin block reward was halved, the stock prices of several Bitcoin mining companies rose despite the halving of miners' income. Riot Platforms' stock price rose as much as 36.3%, Marathon Digital and Cipher Mining rose 20.1% and 20.3% respectively. Analysts believe that the halving may eventually trigger mining consolidation, with well-capitalized mining companies acquiring less efficient competitor assets and market share concentrated in a few competitors, helping to improve profitability, especially as Bitcoin prices rise. In addition, while an increase in market share may be positive, miners still need to profit from the spread between costs and Bitcoin prices.