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

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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).

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.

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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

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