BTC ETF Inflows Surge, ETH ETF Volumes Impress
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CRYPTO MARKET COMMENTARYAPRIL PPI CAME IN MIXED THIS MORNING, WITH A LARGE UPSIDE SURPRISE IN MOM READINGS (0.5% VS. 0.3% EXP.) AND YOY METRICS LARGELY IN LINE WITH EXPECTATIONS. The upside in the MoM reading was offset by March figures being revised downwards. Yields initially spiked upon the data release but have turned negative across the curve. Equities are showing mild gains as attention shifts towards tomorrow’s CPI data release. The SPY 0.97% has gained 0.17% and the QQQ 1.40% has gained 0.31%. Crypto assets are...
Rates are broadly lower again on Tuesday, with the US 10Y nearing 4.4%, down from 4.7% just under a week ago. Risk assets are on the rise, with both the ^SPX 0.97% and QQQ 1.40% showing gains today. Crypto performance is mixed so far, with BTC -2.50% retesting the $63k level after US market open, following a rally to just over $64k in the early morning hours. Meanwhile, ETH 0.54% is still hovering just...
