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Nearly $200M worth of BTC flows into Fidelity and Bitwise ETF custody addresses

Nearly $200M worth of BTC flows into Fidelity and Bitwise ETF custody addresses

CointimeCointime2024/01/24 00:44
By:Cointime

According to on-chain analyst Yu Jin, as Grayscale Trust's BTC outflows occur, other ETF custodial addresses are flowing in:

3,957 BTC ($154 million) was transferred to Fidelity BTC (FBTC) custodial address 1 hour ago. Corresponding to a net inflow of $158.9 million on 1/22;

Bitwise BTC (BITB) custodial address received 1,036 BTC ($40.05 million) from market maker Flow Traders 50 minutes ago. Corresponding to a net inflow of $41.56 million on 1/22.

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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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