Analysis: It is estimated that about 579 BTC will be net outflow from the ETF custodial address after the U.S. stock market opens tonight
PANews reported on May 3rd, according to on-chain data analyst Yu Jin, it is expected that about 579 BTC will be net outflow from the ETF custodial addresses after the U.S. stock market opens tonight, including:
Outflows: About 926 BTC outflow from Grayscale (GBTC);
Inflows: About 347 BTC inflow into four ETFs such as Ark Invest (ARKB).
Currently, eleven spot BTC ETFs hold a total of 818,991 BTC (approximately $48.59 billion).
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.
You may also like
Mars Morning News | Federal Reserve Hawks Speak Out, Asset Price Crash Risk May Become New Obstacle to Rate Cuts
JPMorgan warns that if Strategy is removed from MSCI, it could trigger billions of dollars in outflows. The adjustment in the crypto market is mainly driven by retail investors selling ETFs. Federal Reserve officials remain cautious about rate cuts. The President of Argentina has been accused of being involved in a cryptocurrency scam. U.S. stocks and the cryptocurrency market have both declined simultaneously. Summary generated by Mars AI. This summary is produced by the Mars AI model and its accuracy and completeness are still being iteratively improved.
Citibank and SWIFT complete pilot program for fiat-to-crypto PvP settlement.
Pantera Partner: In the Era of Privacy Revival, These Technologies Are Changing the Game
A new reality is taking shape: privacy protection is the key to driving blockchain toward mainstream adoption, and the demand for privacy is accelerating at cultural, institutional, and technological levels.
Exclusive Interview with Bitget CMO Ignacio: Good Code Eliminates Friction, Good Branding Eliminates Doubt
A software engineer's brand philosophy.
Trending news
MoreCrypto prices
More
