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
Bitcoin rallies above $106K but 3 key actions must happen for new all-time highs
Bitcoin kicked off 2025 with a bang, but a fresh set of factors needs time to congeal before BTC price can chase new highs.
Kiyosaki Dumps Gold and Silver, Projects Bitcoin at $250K by 2025
Bulls Eye Reversal as Solana Tests Support After 25% Drop
XRP's 50% rally outperforms crypto market in January — Is $4 the next stop?