Citi: ETF flows likely to continue to disappoint until markets are transparent about U.S. economic landing results
2024-08-27 08:54:14
The cryptocurrency market has struggled since the launch of spot Ether (ETH) exchange-traded funds (ETFs) trading in the U.S. on July 23, Citibank said in a research note on Friday. The bank noted that other risk assets have also been weak during this period, but after adjusting for volatility, cryptocurrencies have underperformed since the non-farm payrolls data (NFP) rebounded. Unless there is more transparency about the "soft versus hard landing outcomes" of the U.S. economy, ETF flows are likely to continue to disappoint, Citi said.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
花旗：市场对美国经济着陆结果透明之前ETF资金流动可能会继续令人失望
