๐ TradFi Daily | 10.16
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๐บ๐ธ U.S. Stocks
โช๏ธ Cleveland Fed President Hammack struck a hawkish tone, saying that if inflation expectations deteriorate further, the central bank may be forced to take more aggressive action. Expectations for macro liquidity have tightened at the margin.
โช๏ธ MSCI finalized new index rules that could remove crypto treasury companies such as Strategy from major indexes. Industry estimates suggest this could trigger around $8.8 billion in passive outflows.
๐ฅ Gold & Commodities
โช๏ธ Holdings in the worldโs largest gold ETF, SPDR Gold Trust, edged down by 0.285 tonnes to 1,053.911 tonnes, showing slight signs of short-term profit-taking.
๐ข๏ธ Crude Oil
โช๏ธ No major developments in crude oil or energy have emerged in todayโs news so far.
๐ Correlation with BTC
The key development to watch today is MSCIโs proposal to remove crypto treasury companies. If implemented, passive index funds would be forced to sell their holdings in companies such as Strategy, directly affecting the pace of its ongoing $BTC purchases ๐. Combined with Hammackโs hawkish remarks and the slight decline in gold ETF holdings, marginally weaker risk aversion in the macro environment is broadly negative for risk assets. On the corporate front, however, River data shows that Strategy and Strive continue to lead recent corporate Bitcoin accumulation, as buyers and sellers remain locked in a tug-of-war ๐งญ #ๅฎ่ง #BTC
The above does not constitute investment advice. Digital assets are highly volatile; please be aware of the risks.
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๐บ๐ธ U.S. Stocks
โช๏ธ Cleveland Fed President Hammack struck a hawkish tone, saying that if inflation expectations deteriorate further, the central bank may be forced to take more aggressive action. Expectations for macro liquidity have tightened at the margin.
โช๏ธ MSCI finalized new index rules that could remove crypto treasury companies such as Strategy from major indexes. Industry estimates suggest this could trigger around $8.8 billion in passive outflows.
๐ฅ Gold & Commodities
โช๏ธ Holdings in the worldโs largest gold ETF, SPDR Gold Trust, edged down by 0.285 tonnes to 1,053.911 tonnes, showing slight signs of short-term profit-taking.
๐ข๏ธ Crude Oil
โช๏ธ No major developments in crude oil or energy have emerged in todayโs news so far.
๐ Correlation with BTC
The key development to watch today is MSCIโs proposal to remove crypto treasury companies. If implemented, passive index funds would be forced to sell their holdings in companies such as Strategy, directly affecting the pace of its ongoing $BTC purchases ๐. Combined with Hammackโs hawkish remarks and the slight decline in gold ETF holdings, marginally weaker risk aversion in the macro environment is broadly negative for risk assets. On the corporate front, however, River data shows that Strategy and Strive continue to lead recent corporate Bitcoin accumulation, as buyers and sellers remain locked in a tug-of-war ๐งญ #ๅฎ่ง #BTC
The above does not constitute investment advice. Digital assets are highly volatile; please be aware of the risks.