BTC update 🎉🎉🎉🥳🥳🥳🥳🥳🥳
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.
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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
余烬Ember
2:06 PM・Mar 23, 2024
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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,
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
