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Over One Billion in Crypto ETP Inflows, Jupiter Airdrop

Jan 16, 2024
Market Update Equities are falling while rates gain after comments from Fed Governor Waller suggested that central bank policy will ease slower than the market is anticipating. The 10-year Treasury yield jumped to 4.07% while the dollar index gained 0.7% to reach 103.4. $BTC is up 1% today, stabilizing at $43k after volatile price action from last week’s spot ETF launches, which saw it rally to $49k only to fall 15% to $42k in the first few trading days. $ETH continues to outperform after gaining 1.4% to reach $2.56k. Notable outperformers in the top 100 today include SportFi L1 $CHZ (+18.2%), NFT marketplace $BLUR (+17.5%), and decentralized AI network $TAO (+9.9%). Investors are anticipating the release of December's retail sales data on Wednesday, wary that a potential decline in U.S. consumer spending could intensify fears of a recession and raise alarms about the state of economic growth. Despite the debut of a spot Bitcoin ETF, the inflow into crypto investment products totaled $1.18 billion, falling short of the October 2021 record of $1.5 billion, as reported by CoinShares. Concurrently, there was a surge in trading volumes, hitting a record $17.5 billion last week, significantly higher than the 2022 weekly average of $2 billion. Notably, these volumes constituted nea

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CRYPTO MARKET UPDATE AFTER ANOTHER DAY OF SIZEABLE OUTFLOWS FROM ETHE 4.58% , THE GRAYSCALE-ISSUED ETF NOW RETAINS JUST 85% OF THE AUM IT BEGAN WITH ON TUESDAY. However, crypto has rallied strongly since the US market closed yesterday, with BTC 2.90% briefly moving above the $68k level, ETH 2.70% rebounding sharply to $3,250, and SOL 5.43% revisiting $184. Among larger-cap tokens, SOL beta names including RNDR and JUP have outperformed over the past 24...

BTC 2.90% CFX 19.35% ETH 2.70% GBTC +4.88% IBIT JUP -8.65% RNDR -3.51% SOL 5.43%
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CRYPTO MARKET UPDATE CRYPTO WAS CERTAINLY LOOKING STRONG RELATIVE TO EQUITIES YESTERDAY UNTIL ASIAN MARKET HOURS COMMENCED. Shortly after the HK market opened, we saw increased sell pressure and approximately $100 million in liquidations across all crypto assets, bringing BTC 2.90% down to below $64,000, ETH 2.70% down to $3,150, and SOL 5.43% to just below $170. This contrast in price action during U.S. and Asia market hours has been consistent throughout July....

AAVE 4.45% BTC 2.90% ETH 2.70% MARA +6.31% SOL 5.43% TRX 1.13%
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CRYPTO MARKET UPDATE RATES ARE BROADLY LOWER, WITH A NOTABLY STRONGER RALLY AT THE FRONT END OF THE CURVE AS THE MARKET APPEARS TO BE TAKING POTENTIAL RATE CUTS OVER THE NEXT COUPLE OF FOMC MEETINGS MORE SERIOUSLY. Despite significant weakness in equities today, the crypto market is looking relatively healthy, with BTC 2.90% and many altcoins in the green. BTC 2.90% briefly rallied above $67k but has since drifted back down...

BTC 2.90% ETH 2.70% GBTC +4.88% IWM +1.75% QQQ +1.08% SOL 5.43% ^SPX
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CRYPTO MARKET UPDATE DESPITE BEING THE LAUNCH DAY FOR ETH 2.70% ETFS, CRYPTO BROADLY MOVED LOWER IN THE EARLY MORNING HOURS TODAY, POSSIBLY DUE TO MOVEMENT OUT OF THE MT. GOX TRUSTEE WALLETS. Mt. Gox sent approximately $130 million in BTC 2.90% to Bitstamp, leaving about 90k BTC 2.90% remaining in the trustee wallets. This move lower was likely also influenced by a rise in the DXY. Currently, BTC 2.90% is trading around $66.5k,...

AVAX 4.98% BTC 2.90% ETH 2.70% ETHBTC ETHE N/A% GBTC +4.88% GOOGL -0.17% SOL 5.43% TSLA -0.12% V +2.1%

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