Data from Farside Investors show that the total net outflow of spot bitcoin ETFs in the US reached $1.298 billion in the past two trading weeks, with grey release having the largest net outflow in the same period at $517.30 million. IBITs were the only ETF with net inflows of $43.10 million in the past two weeks. Jonathande Wet, chief investment officer at digital asset trading firm ZeroCap, said that while the overall cryptocurrency market continues to decline, bitcoin prices are expected to fall to key support levels around $57,000 in the coming weeks. Jonathande Wet said that while bitcoin and other cryptocurrencies are likely to fall further in the coming week due to selling pressure from Mt. Gox creditor repayments, he remains optimistic about the long-term outlook.