All articles tagged with #outflow
JPMorgan analysts predict a $50 billion outflow from US equities due to quarter-end rebalancing by institutional investors, including defined benefit pension funds, balanced mutual funds, and sovereign wealth funds. This could reverse the recent support provided by declining short interest in SPY and QQQ ETFs.
The HTX exchange, associated with Justin Sun, experienced a net outflow of $258 million after resuming operations following a major hack. The exchange lost $30 million worth of crypto tokens in the breach and temporarily suspended withdrawals and deposits.
Astronomers have discovered hundreds of mysterious filaments pointing towards the Milky Way's supermassive black hole, Sagittarius A*. The filaments, which are less than 10 light years in length, are estimated to be about six million years old and appear to be tied to activities in the galactic center. The discovery was made possible by the South African Radio Astronomy Observatory's MeerKAT telescope. The filaments could provide insights into the black hole's spin and accretion disk orientation.
Despite bearish warnings, investors are pouring more than $12.6 billion into equity exchange-traded funds in April, the largest influx since January. This is happening at the same time as ultra-short duration ETFs are on track for their first monthly outflow since January, indicating that money is being pulled out of cash as fast as it's being invested in stocks.
The WisdomTree Brent Crude Oil ETP experienced its largest one-day outflow in over three years, with $55.7 million leaving the fund on Thursday. This may indicate that some investors remain concerned about the outlook for oil despite OPEC+ delivering an unexpected supply cut. Another fund, the ProShares Ultra Bloomberg Crude Oil ETF, also saw significant outflows of $158.5 million last week, its biggest weekly drop since March 2022.
Binance, the world's largest cryptocurrency exchange by volume, has seen a net outflow of $400 million on Ethereum in the last 24 hours following news that the US Commodity Futures Trading Commission (CFTC) had sued the exchange and its founder. The on-chain movements highlight crypto trader skittishness in an uncertain regulatory environment, with even the prospect of something going amiss causing depositors to flee. Additionally, Paxos, a former issuer of the Binance USD (BUSD) stablecoin, burned more than $155 million of BUSD (2% of the circulating supply) in the past four hours, another example of investor flight.