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Analysis: There will be a net outflow of approximately 69 BTC from ETF custody addresses after the U.S. stock market opens tonight

Analysis: There will be a net outflow of approximately 69 BTC from ETF custody addresses after the U.S. stock market opens tonight

2024/04/19 08:13

Golden Finance reported that according to on-chain analyst Ember monitoring, the net outflow of eleven spot Bitcoin ETFs on April 18 was US$4.38 million, which corresponds to a net outflow of approximately 69 BTC from the ETF custody address after the US stock market opens tonight: Outflow: Gray (GBTC) outflow of approximately 1,416 BTC (corresponding to an outflow of US$89.99 million on April 18); inflow: the remaining ten spot Bitcoin ETFs inflowed approximately 1,347 BTC (corresponding to an inflow of US$85.61 million on April 18). The eleven spot Bitcoin ETFs currently hold a total of 837,053 BTC (US$53.19 billion).

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