Spot Bitcoin ETFs Outflow Climb To $1.3 Billion In 7 Days, Investors Seeks Out Better Alternative

Spot Bitcoin ETFs have seen outflows of $1.3 billion Bitcoin (BTC) in the last seven days of trading. This massive Bitcoin outflow has caused analysts to speculate a price fall for the token in the coming week.

Spot Bitcoin ETFs encountered outflows of 1.3 billion Bitcoin (BTC) over the last seven trading days, prompting analysts to anticipate a potential price decrease for the token in the upcoming week. This development has led investors to seek out better alternatives, with a unique DeFi ETF trading platform called ETFSwap (ETFS) emerging as a promising solution.

According to data from Farside Investors, Spot Bitcoin ETFs experienced significant outflows over the last two trading weeks, with a total outflow of $1.298 billion. Grayscale led the outflows with over $517.3 million during the same period.

Only BlackRock's Bitcoin ETF recorded positive results, with inflows amounting to $43.1 million. These outflows are the steepest since April, when the Bitcoin (BTC) investment vehicles recorded total net outflows exceeding $1.2 billion between April 24 and the beginning of May.

In related news, Jonathan de Wet, chief investment officer at digital asset trading firm ZeroCap, stated that while “the bleed continues” across the broader crypto market, he expects the price of Bitcoin (BTC) to fall to its “key support” level at around $57,000 in the coming days. This potential decrease is due to the anticipated Mt. Gox creditor repayments, which are expected to total nearly $9 billion in Bitcoin (BTC).

Several market commentators have expressed concerns about the significant downward pressure that could arise from the German government's BTC sales and the Mt. Gox creditor repayments. However, despite the expected short-term decline, de Wet maintains a bullish outlook for the long-term performance of BTC and the broader cryptocurrency market.

Investors are recognizing ETFSwap's superior profit potential, which is driving substantial investments in its ongoing presale. The massive outflow of Spot Bitcoin ETFs, which is expected to cause a significant decline for BTC, has further increased interest in ETFSwap (ETFS).

Take advantage of this opportunity for substantial profits by investing now at $0.01831 before the price rises to $0.03846 in the next presale stage. As crypto whales join the platform and ETFS tokens sell out quickly, the platform's immense growth potential is now within reach. Don't miss out!

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

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