Crypto game heats up: BTC ETFs raked in almost USD 900 mn in net inflows in just three days of trading after the US Securities and Exchange Commission greenlit the funds last week, the Financial Times reported yesterday. Investment manager giant BlackRock led the pack with USD 723 mn in inflows, while crypto asset manager Grayscale saw outflows totalling USD 1.2 bn of outflows after it turned its BTC fund into an ETF and investors left for new funds with less fees.

TASI

12,063.00

-0.1% (YTD: +0.8%)

MSCI Tadawul 30

1,568.23

+0.01% (YTD: +1.1%)

USD : SAR (SAMA)

3.75 Buy

3.75 Sell

Interest rates

6% repo

5.5% reverse repo

EGX30

26,758

-0.7% (YTD: +7.5%)

ADX

9,724.26

-0.4% (YTD: +1.5%)

DFM

4,090.64

+0.2% (YTD: +0.8%)

S&P 500

4,739.21

-0.6% (YTD: -0.6%)

FTSE 100

7,446.29

-1.5% (YTD: -3.7%)

Euro Stoxx 50

4,403.08

-1% (YTD: -2.6%)

Brent crude

USD 77.88

-0.5%

Natural gas (Nymex)

USD 2.89

+0.7%

Gold

USD 2,010.60

+0.2%

BTC

USD 42,677.81

-1.43% (YTD: +102.4%)

THE CLOSING BELL-

The TASI fell 0.12% yesterday on turnover of SAR 10.7 bn. The index is up 0.8% YTD.

In the green: MBC Group (+9.9%), Riyadh Cables (+6.7%) and Bawan (+5.3%).

In the red: Petro Rabigh (-4.3%), Wataniya (-4.1%) and AICC (-3.8%).

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