[On-chain analysis] After the US stock market opens on February 1, Bitcoin ETF custody addresses will usher in large-scale transfers🔄

According to on-chain analyst Ember’s monitoring, after the US stock market opens on February 1, approximately 13,476 BTC (approximately US$573 million) will be transferred to various Bitcoin ETF custody addresses. Among them, the Grayscale (GBTC) custody address will see an outflow of approximately 4,414 BTC (approximately $187.68 million), while the remaining nine ETF custody addresses will see an inflow of approximately 9,062 BTC (approximately $385.36 million).

It is worth noting that Fidelity (FBTC) had an inflow of 5,459 BTC (approximately $232.11 million), exceeding Grayscale’s outflow. The overall net inflow of the ten ETFs was approximately 4,648 BTC (approximately US$197.68 million), marking the fourth consecutive day of net inflows.

Currently, the ten BTC spot ETF custody addresses hold a total of approximately 649,113 BTC (approximately US$27.6 billion). What do you think of this fund transfer? Welcome to chat in the comment area~ #blockchainnews# #BTCETF#