Bitcoin ETFs Face $174 Million Outflow Amid Mt. Gox Repayment Confirmation
Institutional investors are consistently selling off U.S. spot Bitcoin ETFs. Over the past five trading sessions, Bitcoin ETFs registered net outflows totaling $714 million, according to data from SoSovalue. Notably, there was a net outflow of $174 million just yesterday, following news that Mt. Gox creditors will start receiving repayments next week. Grayscale’s GBTC fund reported the highest outflow of $90 million, and Fidelity’s FBTC fund saw an outflow of $35 million.
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