Bitcoin Vitality ETF's 7-day streak of net outflows ended.
According to the latest data, Bitcoin Vitality ETF saw net inflows on the 25th and 26th after 7 consecutive days of net outflows from June 13th to June 24th. This net inflow is a sign that prices may begin to stabilize.
In response to the negative event that Mt.Gox announced that it would repay customers' bitcoins in July, it is expected that the selling pressure on Bitcoin will be less than market expectations.
About 75% of creditors chose to pay in advance (a 10% discount must be accepted), so there are currently only about 95,000 bitcoins for early payment of compensation (the remaining bitcoins will take longer to pay):
About 20,000 bitcoins belong to the claims fund, 10,000 bitcoins belong to Bitcoinica BK, and the remaining approximately 65,000 bitcoins belong to individual creditors, who are expected to hold bitcoins more firmly than the market expects.
The main creditors are early adopters who hold bitcoins for a long time and are sensitive to technology.
Individual creditors have rejected attractive offers from the claims fund over the years, showing that they prefer to recover bitcoins rather than accept compensation denominated in US dollars.
Selling Bitcoin could have significant capital gains tax implications. Despite only 15% of claims being recovered in kind, claim holders have gained 140x in value (in USD) on their recovered Bitcoin since bankruptcy.
