Data: The U.S. Bitcoin spot ETF has seen a net outflow of $1.298 billion over the past two trading weeks
ChainCatcher news, according to Cointelegraph, data from Farside Investors shows that in the past two trading weeks, the total net outflow of U.S. Bitcoin spot ETFs reached $1.298 billion, with Grayscale having the most net outflows during the same period at $517.3 million. IBIT is the only ETF with a net inflow over the past two weeks, with a net inflow of $43.1 million.
Jonathan de Wet, Chief Investment Officer at digital asset trading company ZeroCap said that despite continued declines in the entire cryptocurrency market, he expects Bitcoin prices to fall to around $57,000 key support position in coming weeks.
Jonathan de Wet stated that although selling pressure brought about by Mt.Gox creditors' repayment may cause Bitcoin and other cryptocurrencies to further decline in next week , he remains optimistic about long-term prospects.
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