It is expected that there will be a fund transfer of 6,699 BTC after the US stock market opens, approximately US$283.9 million.
February 7th, 2024

On-chain analyst Yu Jin tweeted that based on the BTC spot ETF fund inflow/outflow data on February 5, it is expected to witness a fund transfer of approximately 6,699 BTC (approximately US$283.9 million) after the US stock market opens on February 6. Among them, the Grayscale (GBTC) custody address is expected to see an outflow of approximately 2,546 BTC (approximately $107.89 million), while the remaining nine ETF custody addresses are expected to see an inflow of approximately 4,153 BTC (approximately $175.99 million), with BlackRock (IBIT) having the largest inflow , amounting to 3,241 BTC (approximately $137.34 million). Overall, the ten ETFs saw net inflows of approximately 1,607 BTC (approximately $68.1 million), marking the seventh consecutive day of net inflows. Currently, these ten BTC spot ETF custody addresses hold a total of approximately 655,576 BTC (approximately US$27.78 billion).

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