derfire

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Bitcoin ETFs thrive with institutional exposure at 20% (www.tradingkey.com)

submitted 2 years ago by derfire@sopuli.xyz to c/finance@sopuli.xyz

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CryptoQuant founder Ki Young Ju has disclosed that institutional investors own only 20% of all spot Bitcoin exchange-traded funds (ETFs). The data, based on the firms’ form 13F filings, shows that they hold just over 193,000 BTC of the total 961,645 BTC held by all the spot Bitcoin ETFs as of October 18.

AUD/USD extends gains above 0.6650 on softer US PCE data (www.mitrade.com)

submitted 2 years ago* (last edited 2 years ago) by derfire@sopuli.xyz to c/finance@sopuli.xyz

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■AUD/USD extends the rally around 0.6675 in Monday’s early Asian session.

■The US Core PCE inflation rose 2.6% YoY in May, compared to 2.6% in April.

■The stubborn inflation in Australia pushed back the expectation that the RBA would cut rates, boosting the Aussie.