As monitored by on-chain analyst Yu Jin, on May 2nd, a total of 11 BTC spot ETFs saw a net outflow of $34.36 million. Correspondingly, after the opening of the US stock market tonight (May 3rd), the ETF custody address is expected to see a net outflow of about 579 BTC:
· Outflow: Grayscale GBTC is expected to see an outflow of about 926 BTC (corresponding to a capital outflow of $54.93 million on May 2nd);
· Inflow: Four ETFs including Ark Invest ARKB saw an inflow of about 347 BTC (corresponding to a capital inflow of $20.57 million on May 2nd).
Currently, the total amount of BTC held by the 11 BTC spot ETFs is 818,991 BTC ($48.59 billion).