According to the inflow/outflow of BTC spot ETF funds yesterday, it is expected that approximately 13,476 BTC (approximately US$573 million) will be transferred to each ETF custody address after the US stock market opens tonight:

• Among them, the Grayscale (GBTC) custody address will outflow approximately 4,414 BTC (corresponding to the 1/31 fund outflow, which is approximately US$187.68 million);

• The remaining nine ETF custody addresses will have an inflow of approximately 9,062 BTC (corresponding to the 1/31 fund inflow of approximately US$385.36 million), of which Fidelity (FBTC) has an inflow of 5,459 BTC (approximately US$232.11 million), exceeding the grayscale outflow ;

• The ten ETFs saw an overall net inflow of approximately 4,648 BTC (approximately $197.68 million), marking the fourth consecutive day of net inflows.

The current ten BTC spot ETF custody addresses hold a total of approximately 649,113 BTC (approximately US$27.6 billion) in BTC.