Daily Market Brief

Jul 25, 2024

Daily Market Brief 240725

Peter-Headshot
Peter Chung
RM
Rick Maeda
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  • The day after the successful launch of the spot Ethereum ETFs, crypto markets were mixed with most coins down on the day. $BTC and $ETH are trading at $65.5k and $3,340 respectively.

  • AUM flow data for the Ethereum ETFs is in, and the nine ETFs recorded $107mm in net inflows with BlackRock’s $ETHA leading the pack with +$267mm, while Grayscale’s $ETHE saw -$484mm in outflows.

  • Equities had a tough day with Nasdaq down 3.65%, the worst daily return since 07Oct22.

  • During the last 24 hours, the top three gainers were $SATS, $FLOW, and $JITO, while the top three losers were $MOG, $ETHFI, and $AGIX.

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Peter-Headshot
Peter ChungHead of Research
RM
Rick MaedaResearch Analyst