Daily Market Brief

Jun 4, 2024

Daily Market Brief 240604

Peter Chung
Rick Maeda
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  • BTC was up 1.6% on the day driven by a rally in the Asia and early-Europe sessions, while ETH was down 0.4%. The respective put/call ratios during that time were 0.538 and 0.418.

  • CoinShares reported that last week, digital asset investment products received $185mm in inflows, marking a 4th consecutive positive week. This put May inflows at $2B and YTD at $15B.

  • Down under, Australia's first spot Bitcoin ETF began trading today (Tuesday). $IBTC, Monochrome Asset Management's new ETF product, was only applied for in April, and has gained attention due to how quickly it was approved.

  • During the last 24 hours, the top three gainers were $DOG, $KAS, and $POPCAT, while the top three losers were $MX, $TIA, and $NOT.

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Peter ChungHead of Research
Rick MaedaResearch Analyst