EmberCN ：It is estimated that around 525 million US dollars will be transferred to various ETF custodian addresses when the US stock market opens on January 29th

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Bitget2024/01/27 14:05

According to on-chain analyst Yu Jin's monitoring, based on the inflow/outflow of funds for the 1/26 BTC spot ETF, it is expected that around 12,504 BTC ($525 million) will be transferred from various ETF custodial addresses when the US stock market opens on 1/29:

The Grayscale GBTC custodial address is expected to outflow about 6,077 BTC (an outflow of $255 million on 1/26);

The remaining nine ETF custodial addresses are expected to inflow about 6,427 BTC (an inflow of $270 million on 1/26);

Overall net inflows are approximately 350 BTC ($14.8 million).

After four consecutive days of net outflows, funds have once again welcomed a net inflow. The amount of capital flowing out from Grayscale is also gradually decreasing, indicating that the peak selling period may have passed. Currently, ten spot BTC ETFs hold approximately a total position quantity of about 637,309 BTC.

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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