Spot Bitcoin ETFs experienced $462.7 million in net outflows from September 8 to 11, reversing nearly half of the previous week's inflows. This shift coincides with markets pricing in an 87% chance of a 25-basis-point rate hike at the upcoming September 16 Federal Reserve meeting, prompting institutional investors to reduce exposure to risk assets. The largest single-day outflow occurred on September 10, led by ARK 21Shares’ ARKB with $164.3 million redeemed. Despite this, total assets under management in spot Bitcoin ETFs remain robust, with cumulative inflows since January 2024 exceeding $55 billion, making the recent outflows less than 1% of total AUM. The rate hike expectations are pressuring Bitcoin prices and risk assets due to higher Treasury yields and a stronger dollar.
Tom Lee, co-founder of Fundstrat, states that Ethereum is becoming the key settlement layer for Wall Street and artificial intelligence (AI) applications. Despite a broader crypto market pullback, Ethereum has outperformed most major cryptocurrencies...
Mondelez International has opened a $22 million chocolate crumb production facility in Shah Alam, Malaysia, reducing supply-chain lead time by at least two months for a key Cadbury ingredient. This local production replaces imports from Australia and...
The CME's fed funds futures indicate an 87.3% probability that the Federal Open Market Committee (FOMC) will increase the federal funds rate from the current 3.50-3.75% range to 3.75-4% at the September 16, 2026 meeting. This expected rate hike appea...
Silver One Resources has begun a microgravity test survey at its Phoenix Silver Project in Arizona to detect dense, high-grade native silver bodies near the surface. This follows previous drilling that found significant silver and copper but not the ...
Anthropic, valued near $1 trillion, is preparing for a potential IPO targeting a $2 trillion valuation but its CEO, Dario Amodei, advocates slowing AI development to address safety and ethical concerns. This call for a slowdown aims to balance rapid ...
