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MicroStrategy, a major player in Bitcoin investments, will join the Nasdaq 100 index on December 23, potentially boosting demand for its stock, which has surged over sixfold this year. The company's market cap stands at approximately $90 billion, despite generating less than $500 million in revenue over the past year. With 423,650 bitcoins in its possession, MicroStrategy continues to leverage its position in the crypto market, aiming for future inclusion in the S&P 500.
Spot bitcoin ETFs saw over $4 billion in inflows from December 2 to December 12, driven by strong demand as Bitcoin surpassed $100,000 on December 5. Major contributors included BlackRock and Fidelity, with consistent inflows exceeding $100 million and no outflows reported. The total inflow reached $4.4 billion during this period, reflecting robust market interest.
Bitcoin and Ethereum ETFs have experienced significant inflows, with Bitcoin ETFs seeing $4.29 billion over 10 days and Ethereum ETFs accumulating $1.95 billion over 13 days. Fidelity and Blackrock led the inflows for Bitcoin and Ethereum, respectively, reflecting growing institutional interest in digital assets. The total net assets for Bitcoin and Ethereum ETFs reached $113.72 billion and $13.18 billion, representing 5.67% and 2.86% of their market capitalizations.
On December 10, 2024, spot bitcoin and ethereum ETFs attracted a remarkable $745.3 million in inflows, highlighting strong investor interest. Bitcoin ETFs led with $439.56 million, while ethereum ETFs garnered $305.74 million, bringing cumulative totals to $34.35 billion and $1.87 billion, respectively. Despite some losses in specific funds, the overall trend indicates robust participation in these digital asset markets.
Chainlink has made significant strides in bridging Traditional Finance (TradFi) and Decentralized Finance (DeFi), with co-founder Sergey Nazarov highlighting its evolution and partnerships that enable seamless, secure transactions across multiple chains. The platform has facilitated over $17 trillion in value and recently launched a pilot program with the Depository Trust and Clearing Corporation (DTCC) to standardize net asset value data across blockchains. Analysts predict LINK could soar to between $200 and $800, requiring substantial growth from its current trading price of $24.9.
Invesco's Senior Portfolio Manager, Matt Brill, indicated that US investment-grade corporate bond spreads, currently near historic lows, have potential to tighten further. He forecasts an average risk premium of 0.55 percentage points, down from the Bloomberg US Corporate index's recent average of 0.77 percentage points.
Options on BlackRock’s iShares Bitcoin Trust ETF (IBIT) began trading on Nasdaq, allowing investors to hedge their bitcoin exposure. In the first hour, 73,000 options contracts were traded, marking IBIT as one of the most active non-index options. This development is expected to enhance the U.S. derivatives market for bitcoin, attracting new investors and enabling diverse trading strategies, which could reduce volatility. Analysts anticipate the emergence of new funds incorporating these options, further expanding the ecosystem.
Investors are increasingly turning to US leveraged loan ETFs, anticipating that President-elect Donald Trump's policies may drive inflation and lead the Federal Reserve to maintain higher interest rates for an extended period. The Invesco Senior Loan ETF (BKLN) attracted $576 million in a week, marking its largest inflow in over a year, while the SPDR Blackstone Senior Loan ETF (SRLN) reversed two weeks of outflows with a $464 million gain, its most significant influx in four months.
ETF savings plans are gaining significant traction in Switzerland, with projections suggesting growth from 7.6 million plans to 32 million in five years. Nima Pouyan of Invesco anticipates that the number of plans will exceed 500,000 within three years, driven by a shift towards self-managed investments and high cash reserves. Monthly contributions typically start low but can rise significantly as investors gain confidence, with the average contribution in Switzerland at CHF 450, compared to EUR 167 in Germany.
Invesco Advisers Inc. has agreed to pay a $17.5 million fine to settle allegations from the US Securities and Exchange Commission regarding misleading claims about its ESG integration. From 2020 to 2022, the firm stated that 70% to 94% of its assets under management considered ESG factors, while a significant portion was actually in passive funds that did not. Additionally, Invesco lacked a written policy defining ESG integration, according to the SEC.
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MicroStrategy to join Nasdaq 100 boosting demand for bitcoin proxy stock
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