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Citi: ETF flows likely to continue to disappoint until markets are transparent about U.S. economic landing results
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 li...
2024-08-27 08:54:14
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