Over 13,000 BTC Expected to Transfer Among ETF Custody Addresses

BTC ETF TO 2024-02-15 38

According to BlockBeats, on-chain analyst Yu Jing predicts that approximately 13,092 BTC ($6.77 billion) will be transferred among various ETF custody addresses after the US stock market opens on February 15th. Based on the inflow and outflow of BTC spot ETF funds on February 14th, the following movements are expected:

Grayscale (GBTC) and Invesco (BTCO) custody addresses are expected to see an outflow of about 3,261 BTC, corresponding to a fund outflow of $168 million on February 14th. The remaining eight ETF custody addresses are expected to see an inflow of approximately 9,831 BTC, corresponding to a fund inflow of $508 million on February 14th. Among these, BlackRock (IBIT) is expected to have the largest inflow of 4,337 BTC ($224 million).

Overall, the ten ETFs are expected to have a net inflow of about 6,570 BTC ($339 million), marking the 14th consecutive day of net inflows. Currently, the ten BTC spot ETF custody addresses hold a combined total of approximately 710,616 BTC ($36.74 billion).

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