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💰Grayscale Bitcoin ETF Continues To See Negative Outflows Of Over $100 Million
According to data from SoSoValue, on May 10, total net outflows from spot Bitcoin ETFs amounted to $84.6581 million. This marks the second consecutive day of outflows for Bitcoin ETFs, with Grayscale Bitcoin ETF reporting an additional $103 million in outflows on Friday. In contrast, BlackRock’s iShares Bitcoin Trust (IBIT) experienced an inflow of $12.4363 million, and Fidelity’s FBTC saw $5.3039 million flowing in.
💰Grayscale Bitcoin ETF Continues To See Negative Outflows Of Over $100 Million
According to data from SoSoValue, on May 10, total net outflows from spot Bitcoin ETFs amounted to $84.6581 million. This marks the second consecutive day of outflows for Bitcoin ETFs, with Grayscale Bitcoin ETF reporting an additional $103 million in outflows on Friday. In contrast, BlackRock’s iShares Bitcoin Trust (IBIT) experienced an inflow of $12.4363 million, and Fidelity’s FBTC saw $5.3039 million flowing in.
Spiking bond yields driving sharp losses in tech stocks
A spike in interest rates since the start of the year has accelerated a rotation out of high-growth technology stocks and into value stocks poised to benefit from a reopening of the economy. The Nasdaq has fallen more than 10% over the past month as the Dow has soared to record highs, with a spike in the 10-year US Treasury yield acting as the main catalyst. It recently surged to a cycle high of more than 1.60% after starting the year below 1%. But according to Jim Paulsen, the Leuthold Group's chief investment strategist, rising interest rates do not represent a long-term threat to the stock market. Paulsen expects the 10-year yield to cross 2% by the end of the year.
A spike in interest rates and its impact on the stock market depends on the economic backdrop, according to Paulsen. Rising interest rates amid a strengthening economy "may prove no challenge at all for stocks," Paulsen said.
Telegram announces Search Filters
With the help of the Search Filters option, users can now filter search results by type. They can do that by using the new tabs: Media, Links, Files and others. Searches can be done based on the particular time period like by typing in the date or even “Yesterday”. If users type in the name of a person, group, channel or bot, an extra filter will be applied to the searches.
