Analysis: It is estimated that Grayscale GBTC and Invesco BTCO will outflow $168 million worth of BTC tonight, while the remaining eight ETFs will inflow $508 million worth of BTC
2024/02/15 13:59
According to on-chain analyst Yu Jin, based on the inflow/outflow of BTC spot ETF funds on February 14th, it is expected that after the opening of U.S. stocks tonight (February 15th), about 13,092 BTC ($677 million) will be transferred from various ETF custodial addresses:
· Grayscale (GBTC) and Invesco (BTCO) custodial addresses are expected to outflow approximately 3,261 BTC (corresponding to a fund outflow of $168 million on February 14);
· The remaining eight ETF custodial addresses are expected to inflow approximately 9,831 BTC (corresponding to a fund inflow of $508 million on February 14), with BlackRock's IBIT receiving the most at around 4,337 BTC ($224 million);
· Overall net inflows for these ten ETFs were about 6,570 BTC ($339 million), marking the fourteenth consecutive day of net capital inflows.
Currently, these ten
Bitcoin spot ETFs hold approximately a total position of around 710,616 BTC ($36.74 billion).
1
0
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.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
Data: "Machi Big Brother" reduced 2,880 ETH long positions in the past hour, with a liquidation price of $3,022.
Chaincatcher•2025/11/16 18:05
A certain whale has opened a 20x leveraged long position on 300 BTC, with a liquidation price of $60,424.6.
BlockBeats•2025/11/16 16:24
Trending news
MoreCrypto prices
MoreBitcoin
BTC
$94,321.97
-1.71%
Ethereum
ETH
$3,100.75
-3.05%
Tether USDt
USDT
$0.9998
+0.04%
XRP
XRP
$2.21
-2.12%
BNB
BNB
$921.02
-2.44%
Solana
SOL
$137.28
-3.64%
USDC
USDC
$1
+0.03%
TRON
TRX
$0.2911
-0.63%
Dogecoin
DOGE
$0.1562
-4.49%
Cardano
ADA
$0.4844
-4.66%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now