Four Consecutive Days of Bitcoin ETF Outflows, WisdomTree Receives NY Trust Charter
Equity indices are showing muted declines today, but the SPY (-0.13%) and QQQ (-0.02%) are still on pace for respective 18th and 17th positive weeks out of the last 21. Crypto markets are showing more pronounced losses, with total market capitalization falling by 3%. BTC (-2.89%) has fallen to $63.6k while ETH (-4.53%) has dropped to $3,340. Bitcoin ETFs have seen four consecutive days of outflows totaling $836 million, representing the worst week of flows since inception. Notable outperformers this week include FTM, STX 1.09% , and APT 0.19% , gaining 34%, 24%, and 16%. Aptos is reportedly shifting towards an AI and RWA focus, with some notable partnership announcements expected in the coming months.
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Crypto Receives a Boost from Strong Jobs Print, WULF Sells Hash Rate to Expand AI Capabilities
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MARKET UPDATE Markets are selling off in the first day of Q4, fueled by geopolitical fears as tensions rise in the mid-east. The SPY 0.11% and QQQ 0.23% have dropped 1.14% and 1.92%, respectively, while the VIX has surged over 17%. XAU and DXY are gaining as investors move towards safe-havens. Crypto assets have also sold off, with BTC -0.08% briefly dropping below $62k and ETH -2.61% below $2.5k. Among altcoins, SUI -5.20% is showing...
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