ETFs Post Another Day of Inflows, Worldcoin to Sell Portion of Treasury
Apr 24, 2024
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Market Update The crypto market is pulling back from its recent surge, with #BTC falling below $65,000, #ETH trading under $3,200, and #SOL fighting to stay above $150. As expected, altcoins are also generally declining, although a few notable performers are scattered across the market. Currently, #BONK and #WIF, two prominent memecoins on Solana, are showing resilience, up 12% and 6%, respectively. Additionally, #HBAR initially doubled in price following reports that Blackrock selected the chain to tokenize a US treasury money market fund. However, the token surrendered most of its gains after it was clarified that Blackrock was not involved in the decision-making process. Long-term interest rates have reversed the trend observed over the past few days and are moving higher, possibly in anticipation of tomorrow's GDP data. Equities are mixed as investors await major companies' earnings this week, including META today, MSFT, and GOOGL tomorrow.Bitcoin spot ETFs have experienced their third consecutive day of net inflows, signaling a positive trend in flows. However, it's important to note that these inflows are relatively small compared to some of the larger inflows observed in Q1. In related ETF news, Hong Kong is poised to launch six crypto-based spot ETFs on April 30th, inclu
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