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
CleanSpark reports $162.3 million in quarterly revenue: 'Why buy bitcoin at current prices when we can mine it for $34,000?'
CleanSpark generated revenue of $162.3 million in the fourth quarter of 2024, up 120% year-over-year.The Bitcoin miner reported net income of $246.8 million and adjusted EBITDA of $321.6 million for Q4 — also up significantly from the same period in 2023.
Bitcoin price seasonality data calls for $120K in Q1, but leverage remains BTC’s ‘biggest risk’
Bitcoin’s historical price data favors new all-time highs in Q1, but liquidity gaps below $80,000 could pull the price lower in the short term.
Trending news
MoreCrypto prices
More
