Volatility on bitcoin is likely to increase as conflicting news regarding a bitcoin spot ETF approval by SEC continue to come out
Uncertainty.
ESG ETF Inflows Increase 55% to $3.08B last week, most in at least a year
Net inflows totaled $38.6 billion year-to-date
Net inflows totaled $40.5 billion over the last year
Source: Bloomberg
The Dow, S&P 500, and Nasdaq 100 ETFs all closed at a new total return high yesterday
Last time that happened: November 5, 2021. $DIA $SPY $QQQ Source. Charlie Bilello
% Below All-Time High (total returns)...
Dow ETF $DIA: 0% S&P 500 ETF $SPY: -1.0% Nasdaq 100 ETF $QQQ: -1.7% Russell 2000 Small Cap ETF $IWM: -21% ARK Innovation ETF $ARKK: -68% Source: Charlie Bilello
Anticipation of an eventual US spot Bitcoin ETF continues to push BTC price higher
A Bloomberg's analysts assign a 90% probability of being approved by the SEC in January...
Cathie Wood's Ark innovation ETF $ARKK just had its best month in HISTORY relative to the Nasdaq 100
Source: Barchart, Bloomberg
More and more capital going into the business of selling ETFs with embedded options selling features
Source: TME, Nomura
US inflation data for Oct undershoot consensus
Headline dropped to +3.2% from 3.7% in Sep vs 3.3% expected, Core CPI dropped to 4.0% from 4.1% vs 4.1% expected. Dollar and Yields plunge. - Following two months of higher than expected US CPI numbers (mainly driven by higher energy prices and healthcare costs), the October CPI print was expected slow materially (from 3.7% to 3.3% yoy on headline CPI) while the core was expected to remain unchanged at 4.1%. But today’s CPI print is a miss across the board with both headline and core numbers coming in below expectations on both a sequential and annual basis. - Headline CPI came in at 3.2%, below the 3.3% expected, while MoM CPI also missed expectations, being vs. consensus at +0.1% and sharply below last month's 0.4%. Source: Bloomberg, HolgeZ, www.zerohedge.com
