According to on-chain analyst Ember Monitoring, based on the inflow/outflow of BTC spot ETF funds on January 26, it is expected that approximately 12,504 BTC (approximately US$525 million) will be transferred to each ETF custody address when the US stock market opens on January 29:
Among them, the Grayscale GBTC custody address will outflow approximately 6,077 BTC (capital outflow of $255 million on January 26);
The remaining nine ETF custody addresses will see an inflow of approximately 6,427 BTC ($270 million inflows on January 26);
The overall net inflow was approximately 350 BTC (approximately $14.8 million).
After four consecutive days of net outflows, funds once again experienced net inflows. The amount of grayscale fund outflows is also gradually declining, and the peak of selling may have passed.
Currently, the ten BTC spot ETFs hold a total of approximately 637,309 BTC.