It is expected that the ETF custody address will have a net inflow of about 3,435 BTC after the U.S. stock market opens tonight
PANews reported on May 7 that on-chain analyst Yu Jin tweeted that Grayscale (GBTC) recorded capital inflows for two consecutive days, while spot ETFs also had no capital outflows for the second consecutive trading day. On May 6, the overall net inflow of funds for the eleven BTC spot ETFs reached US$217 million. After the opening of the U.S. stock market tonight (May 7), the custodial addresses of these ETFs are expected to have a net inflow of about 3,435 BTC. Among them, eight ETFs, including Fidelity (FBTC), have a total inflow of about 3,435 BTC. Currently, these eleven BTC spot ETFs hold a total of 824,419 BTC, worth about US$52.09 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
How much is ETH really worth? Hashed provides 10 different valuation methods in one go
After taking a weighted average, the fair price of ETH exceeds $4,700.
Dragonfly partner: Crypto has fallen into financial cynicism, and those valuing public blockchains with PE ratios have already lost
People tend to overestimate what can happen in two years, but underestimate what can happen in ten years.
Balancer Rallies to Recover and Redistribute Stolen Funds After Major Cyber Attack
In Brief Balancer plans to redistribute $8 million to users after a massive cyber theft. The recovery involved crucial roles by white-hat researchers rewarded with 10% incentives. Unclaimed funds will undergo governance voting after 180 days.
Bitcoin Faces Renewed Selling Pressure as Whale Deposits Spike and Market Fear Deepens
Trending news
MoreCrypto prices
More
