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.

ADX

9,724

-0.4% (YTD: +1.5%)

DFM

4,091

+0.2% (YTD: +0.8%)

Nasdaq Dubai UAE20

3,858

0.0% (YTD: +0.9%)

USD : AED CBUAE

Buy 3.67

Sell 3.67

EIBOR

5.1% o/n

5.1% 1 yr

TASI

12,063

-0.1% (YTD: +0.8%)

EGX30

26,758

-0.7% (YTD: +7.5%)

S&P 500

4,739

-0.6% (YTD: -0.6%)

FTSE 100

7,446

-1.5% (YTD: -3.7%)

Euro Stoxx 50

4,403

-1.0% (YTD: -2.6%)

Brent crude

USD 78.01

-0.4%

Natural gas (Nymex)

USD 2.87

-1.0%

Gold

USD 2,008.80

-1.0%

BTC

USD 42,623.60

-1.8% (YTD: +1.0%)

THE CLOSING BELL-

The DFM rose 0.2% yesterday on turnover of AED 331.9 mn. The index is up 0.8% YTD.

In the green: Watania International Holding (+4.5%), Shuaa Capital (+2.7%) and National Central Cooling Company (+2.6%).

In the red: BHM Capital Financial Services (-7.4%), Ekttitab Holding Company (-3.5%) and Dubai Islamic Ins. and Reins. (-3.2%).

Meanwhile, the ADX closed down 0.4% on turnover of AED 1.2 bn, while the Nasdaq Dubai was flat.

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