Analysis: It is expected that approximately US$369 million will be transferred from various ETF custody addresses after the U.S. stock market opens t

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Cointime2024/02/05 10:21

By:Cointime

According to Chainalysis analyst Yu Jin's monitoring, it is expected that after the opening of the US stock market tonight (February 5th), there will be a transfer of about 8,599 BTC (369 million US dollars) in various ETF custody addresses, based on the inflow/outflow of BTC spot ETF funds on February 2nd:Grayscale (GBTC) custody address will flow out about 3,368 BTC (corresponding to the outflow of 144 million US dollars on February 2nd);The remaining nine ETF custody addresses will flow in about 5,231 BTC (corresponding to the inflow of 224 million US dollars on February 2nd), among which BlackRock (IBIT) has the most inflows, reaching 2,465 BTC (105 million US dollars);The ten ETFs have a net inflow of about 1,863 BTC (80.06 million US dollars), with funds net inflowing for 6 consecutive days. At present, the ten BTC spot ETF custody addresses hold a total of about 657,110 BTC (28.21 billion US dollars).

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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