Market Moves: Week Ending 8 November 2024

  • Cryptocurrency ETFs (CRYP, EETH, IETH) – in particular Ethereum-backed funds – traded higher off the back of Bitcoin’s climb to all-time-highs around US$89,000.1
  • Short US equity funds (SNAS, BBUS, BBOZ) were bottom of the barrel as US stock markets rose in response to Trump’s election win.2
  • There were $655.5 million in reported inflows for the week and $97.7 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.

 

Forecasts are not guaranteed and undue reliance should not be placed on them. This information is based on views held by Global X as at 12/11/2024. Investing involves risk, including the possible loss of principal. Diversification does not ensure a profit nor guarantee against a loss.

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This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. This information is not intended to be individual or personalised investment or tax advice and should not be used for trading purposes. Please consult a financial advisor or tax professional for more information regarding your investment and/or tax situation.