Yujin: It is estimated that the grayscale GBTC will have a outflow value of 500 million US dollars in BTC tonight
On January 24th, on-chain analyst Yu Jin stated that based on the inflow/outflow of funds for BTC spot ETFs on January 23rd, it is estimated that there will be a transfer of approximately 23,750 BTC (930 million USD) to various ETF custody addresses when the US stock market opens at 22:30 tonight. Among them, the Grayscale GBTC custody address will see an outflow of approximately 13,157 BTC (523 million USD outflow on January 23rd); the remaining nine ETF custody addresses will see an inflow of approximately 10,593 BTC (400 million USD inflow on January 23rd). Currently, the total holdings of these ten BTC spot ETFs amount to approximately 647,426 BTC.
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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