Market Moves: Week Ending 6 December 2024

  • Ethereum ETFs (EETH, IETH) were the top performers last week as the Ethereum price popped in response to Bitcoin hitting all-time highs above US$100,000. Ethereum ETFs also saw record inflows in the US, smashing volumes last seen in July when the Securities and Exchange Commission first approved US spot ETH ETFs.1
  • A short Nasdaq 100 ETF (SNAS) was the bottom performer, as US equities – including mega-cap Mag7 stocks – rose.
  • There were $1,129.1 million in reported inflows for the week and $229.5 million in outflows, marking a week of net inflows for the Australian ETF industry.

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Looking for more ETF Express content? Check out this week’s Thematic Spotlight and Commodity Calls.