Ether ETFs See Record $1 Billion Inflows
👉 Inflows into Ether ETFs far exceeded those of their Bitcoin counterparts, which saw a net inflow of $178 million on Monday, according to Farside Investors. 👉 CoinTelegraph's Tarang Khaitan reports that for the Ether funds, BlackRock's iShares Ethereum Trust ETF (ETHA) attracted the lion’s share of flows, with a record $640 million going into the fund. 👉 The Fidelity Ethereum Fund (FETH) was the runner-up and also recorded its largest single-day inflow, taking in $277 million. Source: zerohedge, Bloomberg
‼️ An important item of today's CPI
The super-core measure, which is probably the Fed's most closely watch component, did increase further in July: +0.48% MoM (prior +0.21%) and +3.21% YoY (prior +3.02%). This is the largest annual increase since February. ▶️ As highlighted by Lawrence McDonald on X, the Supercore has been higher than 3% for four years vs. below 3% for the previous 8 years pre-2020. Source: Lawrence McDonald, Bloomberg
The cost of Nutella in Germany is rising faster than overall inflation.
A 750g jar has gone up by nearly 40% since 2019, far outpacing Germany’s general inflation rate of 21.8% over the same period. But this isn’t just about hazelnut spread: food prices in Germany as a whole have climbed by 38.4% since the end of 2019, according to Eurostat’s Food CPI. That’s much higher than in Italy (+29.5%) or France (+25.9%), highlighting how sharply grocery bills have risen in Germany. Source: Bloomberg, HolgerZ
Isn't this the time of year when volatility typically picks up?
Source: Lance Roberts
Norwegian sovereign wealth fund boosts bitcoin exposure 192% to $844 million
Source: Bitcoin News
Perplexity, valued at $18 billion, is offering $34.5 billion to buy Google Chrome.
Source: CNBC
Breaking out to new highs.
Like the sell-off never even happened. $SPY | $QQQ Source: Trend Spider
The most-hated rally ever ??
A record 91% of fund managers say U.S. stocks are overvalued (BofA fund manager survey). Meanwhile, the S&P 500 index continues on its V-shaped recovery track and remains in the running for the fastest and strongest recovery ever following a 20% drawdown ‼️ Source: Fidelity
