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Bloomberg analyst: Mt. Gox bitcoin entry equates to more than half of ETF inflows

On June 24th, Mt. Gox announced today that it plans to launch BTC and BCH compensation in July. According to Bloomberg senior ETF analyst Eric Balchunas, the funds are equivalent to more than half of the Bitcoin ETF inflows being offset. Gox currently holds 141,686 BTC, worth more than $9.26 billion.