Daily Market Brief

May 20, 2024

Daily Market Brief 240520

Peter Chung
Min Jung
PDF Download

  • After the post-CPI rally, $BTC has been trading in a range-bound and is currently at $66,279. Last Friday, we observed another positive inflow in ETF data, with $GBTC recording net inflows.

  • This week’s highlights include NVIDIA earnings on May 22nd, the spot ETH ETF decision on May 23rd, and several Fedspeak events.

  • The decision dates for the VanEck ETH ETF and Ark/21Shares ETF are May 23 and May 24, respectively. The Polymarket is pricing a 14% chance of approval, and ETH/BTC remains at a low of 0.046. For a detailed analysis, please refer to the full commentary written by our desk.

  • With $PYTH unlocking nearly 145% of its circulating supply today, the top three losers were $PYTH, $TRUMP, and $STRK, while the top three gainers were $ABT, $AR, and $BCH.

Back to list
Peter ChungHead of Research
Min JungResearch Analyst