In the first week of June, Spot Bitcoin ETFs experienced significant net outflows totaling $1.72 billion, marking the second-largest weekly withdrawal since their launch. Major withdrawals came from BlackRock's IBIT and Fidelity's FBTC, while Morgan Stanley's MSBT saw modest inflows. This outflow trend, ongoing since mid-May, coincided with Bitcoin's price falling from around $73,000 to about $62,639, indicating that ETF outflows contributed to the price decline. Meanwhile, Ethereum ETFs also saw outflows but began to recover by June 8, and Solana and XRP ETFs mostly maintained inflows. The data suggests weakening market strength despite some bullish trader sentiment.
The Treg cell-based therapies pipeline is robust with more than 29 pharmaceutical companies developing over 35 therapies targeting autoimmune diseases, graft-versus-host disease, and transplant rejection. Key players like Orca Bio, Cellenkos, and Que...
JM Smucker reported fiscal Q4 2026 adjusted earnings of $2.77 per share, surpassing analysts' $2.64 estimate, with net sales up 6% to $2.268 billion. Growth was driven by a 12% increase in U.S. retail coffee sales, aided by pricing actions and strong...
Technology stocks saw a sharp decline after an initial morning rally faded, with the semiconductor-focused ETF SOXL plunging 16.43% and AMD dropping nearly 7%. The selloff was driven by active short selling and investor caution ahead of the upcoming ...
ERShares has implemented measures to protect long-term investors in its XOVR ETF, which holds private exposure to SpaceX, ahead of SpaceX's expected historic IPO on June 12. The fund will restrict large creation orders and may impose up to 2% redempt...
Velo3D has formed a strategic partnership with Aurelia Technologies to enhance additive manufacturing for next-generation gas turbines. This collaboration aims to improve design efficiency and supply chain resilience, potentially lowering production ...
