United States spot Bitcoin ETFs experienced outflows of $1.3 billion in two weeks, with Grayscale leading at $517.3 million. BlackRock's ETF saw $43.1 million inflows amidst a price decline.
Jonathan de Wet predicts Bitcoin may drop to $57,000 due to Mt. Gox creditor repayments. Concerns arise from German government Bitcoin sales and $9 billion repayments in July.
Analysts highlight a positive long-term outlook for Bitcoin and Ethereum, anticipating an Ethereum ETF launch and possible monetary policy easing by 2024/2025.
Experts suggest early Mt. Gox adopters, expected to receive repayments, may not sell significant Bitcoin amounts immediately, potentially impacting the market.
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