Ethena's USDe to Integrate With Bybit, ETFs Post Another Day of Net Inflows
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 0.22% and QQQ 0.27% showing gains today. Crypto performance is mixed so far, with BTC -0.15% retesting the $63k level after US market open, following a rally to just over $64k in the early morning hours. Meanwhile, ETH -0.76% is still hovering just above $3k, appearing relatively unloved compared to BTC -0.15% and SOL -4.02% , with the ETHBTC ratio now down approximately 5% over the past five days. Notable outperformers among the larger caps today include ENA -10.76% , following its integration of USDe on Bybit (more on that below), and RNDR, the decentralized GPU rendering network, which is seemingly rallying alongside chipmaker NVDA. It was another positive day for ETF flows, with GBTC -1.94% experiencing inflows for the second consecutive trading day, and an overall net inflow of $217 million across all spot BTC ETFs.
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