Adding DePIN Exposure and SOL Beta Through HNT (Core Strategy Rebalance)
Flows Beget More Flows
We have recently discussed the potential return of crypto being correlated with equities due to the new category of market participants entering the fold. However, price action this week suggests that inflows into the BTC ETFs may be throwing water onto that theory. It seems apparent that, at least in the near-term, that the ETF flows narrative is gaining steam, and it is likely that the continuation of inflows will beget more flows.
BTC ETFs experienced a record-breaking day of net aggregate inflow on Wednesday, amassing nearly $700 million.
The standout among these ETF products was Blackrock's IBIT, which alone accounted for over $600 million in net inflows.
By Thursday morning, the total aggregate inflows had surpassed $7 billion, with IBIT on track to reach the $10 billion mark shortly.
Reports you may have missed
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Market Lacks Convincing Signs of Market Froth, Major Demand Side Catalyst for CORE (Core Strategy Rebalance)
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TRUMP MAINTAINS A SLIGHT EDGE, BUT IT’S ESSENTIALLY A TOSSUP Well, it's here, folks – the moment that markets have been building up towards since January—the general election to decide the next President of the United States. As our clients know, we have been closely tracking polling and prediction market trends over the past several months, and these have served as a key input in our recommendations. Odds for both...
BTC ETFS SEE MASSIVE INFLOWS: IS CRYPTO NATIVE CAPITAL SIDELINED? BTC ETFs saw over $2.2 billion in net inflows across all spot ETFs from Monday through Wednesday of this week—the largest three-day sum of inflows since the products launched in January—bringing the five-day moving average to north of $500 million. This is certainly impressive and speaks to the explosive breakout we have seen this week. Source: Farside Investors, Fundstrat We've...
