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Bitcoin ETF investors skittish as Mt. Gox announces repayments 😰

Bitcoin ETF investors skittish as Mt. Gox announces repayments 😰

Net outflows surged after it was revealed that Mt. Gox creditors will start getting reimbursed next week.

Stephen Graves
June 25, 2024

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📝 What you need to know

Institutional investors have been relentlessly selling U.S. spot Bitcoin ETFs. Outflows hit $174 million yesterday as Bitcoin plunged on news that Mt. Gox creditors will begin receiving repayments next week, with potentially billions of dollars worth of BTC set to flood the market.

After Bitcoin briefly slipped below $60,000 Monday, crypto whale watchers suggested that accumulation whales could swoop in to halt the bearish trend for a “potential V-shaped rebound.”

Bitcoin ETFs Lost $174 Million After Confirmation of Mt. Gox Repayments

U.S. spot Bitcoin ETFs saw $174 million worth of outflows on Monday after the Mt. Gox trustee confirmed repayments begin next week.

After Sweeping Bitcoin and Ethereum Liquidations, Analysts Are Watching for Accumulation Whales

After another $130 million in Bitcoin and Ethereum liquidiations, analysts are watching for accumulation whales.

Moonshot Rising: DexScreener's Pump.fun Competitor Already Has 7,000 Solana Meme Coins

DEX Screener's new Solana meme coin launchpad, Moonshot, already has more than 7,000 meme coin listings on it.

Solana Foundation Launches Social Media Features Aimed at 'Putting Crypto Back in Crypto Twitter'

Solana users and developers can now transact on websites directly with Solana's new Actions and Blinks features.

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💬 Quote of the Day

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“One of the features of the soft war by the enemy is the ‘Hamster’ game.”

Rear Admiral Habibollah Sayyari, deputy commander for coordination, Iranian Army

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