US Bitcoin spot ETF has seen a cumulative net outflow of US$1.298 billion in the past two trading weeks

BlockBeats news, June 25, according to Cointelegraph, Farside Investors data showed that in the past two trading weeks, the total net outflow of US Bitcoin spot ETFs reached 1.298 billion US dollars, of which Grayscale had the largest net outflow during the same period, reaching 517.3 million US dollars. IBIT is the only ETF with net inflows, with a net inflow of 43.1 million US dollars in the past two weeks.

Jonathan de Wet, chief investment officer of digital asset trading company ZeroCap, said that although the entire cryptocurrency market continues to fall, Bitcoin prices are expected to fall to a key support level of about $57,000 in the coming weeks.

Jonathan de Wet said that although Bitcoin and other cryptocurrencies may fall further in the coming week due to selling pressure from Mt. Gox creditors' repayments, he remains optimistic about the long-term outlook.