Analysis: It is expected that there will be a net outflow of 2731 BTC from the ETF custody address after the opening of the US stock market tonight

PANews reported on May 1st that, according to the on-chain analyst Yu Jin's monitoring, eleven Bitcoin spot ETFs had a total net outflow of $161.58 million on April 30th, corresponding to an estimated net outflow of about 2,731 BTC from ETF custody addresses after the U.S. stock market opens tonight (May 1st):
- Outflows: It is expected that four ETFs including Grayscale GBTC will have an outflow of around 2,792 BTC (corresponding to a fund outflow of $165.18 million on April 30th);
- Inflows: Ark Invest ARKB saw an inflow of approximately 61 BTC (equivalent to a fund inflow of $3.6 million on April 30th).
The total amount of BTC held by the eleven Bitcoin spot ETFs currently stands at 830,928 BTC ($49.16 billion).