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Anticipated Net Outflow of 270 BTC From ETF Custody Addresses After US Stock Market Opens
According to BlockBeats, on April 10th, an estimated net outflow of approximately 270 BTC from ETF custody addresses is expected after the opening of the US stock market. This prediction is based on the monitoring of on-chain data by analyst Yu Jin.
The outflow is primarily from Grayscale (GBTC), which is expected to see an outflow of about 2,245 BTC, equivalent to a capital outflow of $154 million on April 9th. On the other hand, the remaining ten ETFs are expected to see an inflow of approximately 1,975 BTC, equivalent to a capital inflow of $136 million on April 9th.
The main inflow is expected to be from BlackRock (IBIT), with an inflow of 1,865 BTC, approximately equivalent to $128 million. Currently, the ten BTC spot ETFs collectively hold 839,112 BTC, approximately equivalent to $57.89 billion.
The outflow is primarily from Grayscale (GBTC), which is expected to see an outflow of about 2,245 BTC, equivalent to a capital outflow of $154 million on April 9th. On the other hand, the remaining ten ETFs are expected to see an inflow of approximately 1,975 BTC, equivalent to a capital inflow of $136 million on April 9th.
The main inflow is expected to be from BlackRock (IBIT), with an inflow of 1,865 BTC, approximately equivalent to $128 million. Currently, the ten BTC spot ETFs collectively hold 839,112 BTC, approximately equivalent to $57.89 billion.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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