The post Bitcoin ETFs Loose $174 Million After Mt Gox Creditors Repayment News Next Week appeared first on Coinpedia Fintech News
The spot BTC ETF outflows amounted to $174 million yesterday after it was revealed that Mt Gox’s creditors will start getting reimbursed beginning next week. In the past five trading sessions, Bitcoin ETFs have seen net outflows of $714 million. Grayscale’s GBTC fund saw the highest outflow of $90 million, while Fidelity’s FBTC fund witnessed an outflow of $35 million. This a worrying trend for investors as the market sentiment was already negative with the Federal Reserve’s more hawkish than expected move.