Here's a list of all entrants in the spot Ethereum ETF race.
The 'ETHness Stakes' Source: Bloomberg, James Seyffart
Multiple times in history, the precious metals industry was considered the largest market among global assets.
Today, however, it has shrunk so much that it's almost a rounding error. Will capital start to flow back into this industry? If yes, the impact on prices could be substantial... Source: Crescat Capital, Bloomberg
🚨 A MASSIVE $1,250 spread between Coinbase and Binance for Bitcoin! 😳
Watch out below the BTC prices differential between the 2 exchanges a few hours ago!!! Coinbase is the most expensive place to buy BTC right now 💰 As supply dwindles, we're likely to see CRAZY spreads emerge! Great time for arbitrage and for hedgefunds !!! Source: InvestAnswers
FREIGHT RATES ARE RISING AGAIN
"No news (out of Gaza) is bad news for Shipping-flation Freight rates out of China are rising rapidly again and we are likely to see the pass-through to goods-flation in the West already in May/June". Source: Andreas Steno Larsen
China now settles half of its crossborder trade in renminbi, up from zero in 2010
• Rise in RMB use highlights sanctions-proofing strategy of Beijing and its allies, such as Russia • China's promotion of CIPS, its homegrown alternative to Swift, may support rise in RMB use Source: Agathe Demarais
NEWS: Bitcoin exchange reserves fall to an all-time low of 1.7 million 😳
Is a supply shock coming? Source: Coinglass, SimplyBitcoin
The cost of servicing US government debt is on course to surpass defense spending
Source: Bloomberg, Michael McDonough
Volatility in US Investment Grade Corporate Bond Market Hits All-Time Low!
📉 Trend Alert: The 1-month volatility of the CDX North America Investment Grade index, a basket of 125 equally weighted credit default swaps on investment-grade issuers, has dropped to its lowest level since the index was launched in 2012. 📊 What’s Driving This Trend? Resilient Economy: The US economy is demonstrating strong resilience, which supports narrower credit spreads. Stable Equities: Low volatility in the US equity markets indicates investor confidence, further stabilizing the bond market. Strong Corporate Health: Robust fundamentals of US companies are contributing to lower credit risk perceptions. 📈 Interest Rates & Credit Spreads: Negative Correlation: There's a current negative correlation between US interest rates and credit spreads. This means that as interest rates rise, credit spreads tend to narrow, and vice versa. Positive Impact: This trend has led to US corporate bonds significantly outperforming US Treasuries, marking the biggest relative outperformance since the pandemic crisis in March 2020. ❓ Future Considerations: How long can we expect this low volatility and narrow spreads to continue? Watch the credit market closely for any signs of weakness. Source: Bloomberg
