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Market Moves: Week Ending 7 February 2025

Copper miners (WIRE) were the best performing assets of the week after copper recorded its biggest weekly gains since September 2024. Chinese demand looks to be returning, and copper refiners appear to be running low on inventory, which implies they will look to replenish stock soon.¹
Cryptocurrency ETFs (BTXX, EBTC, EETH, IBTC, IETH, VBTC) were the poorest performers of last week as investors pivoted away from risk assets. While Trump’s tariffs do not directly impact cryptocurrencies, investors were concerned over the geopolitical and macro uncertainty they may cause. The rapid decline in crypto prices also wiped out US$2.2 billion in leveraged positions, culminating in a US$400 billion sell-off from the total crypto market cap.²
There were $553.9 million in reported inflows for the week and $75.3 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.

Authored by: Justin Lin

Date:
Feb 12, 2025

Category:
Reports

Topics:
ETF Express, Market Moves

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