Inflows News & Analysis
2 articles
Market Mood
Bitcoin ETFs (CRYPTO: $BTC) See $1.92 Billion Weekly Inflows
Last week, spot Bitcoin exchange-traded funds (ETFs) in the U.S. recorded $1.92 billion in net inflows, the strongest weekly amount in 10 months. This marks an increase from the previous week's outflows of $390 million. The surge in demand coincided with Bitcoin's price increase of approximately 23%, its largest weekly gain in over three years. The performance of these ETFs may influence individual investors as market conditions, interest rates, and regulations evolve.
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Yes Bank (YESBANK) Increases FX Deposit Rates for Inflows
Yes Bank (YESBANK) has raised its foreign exchange deposit rates to attract non-resident inflows. This strategic move comes in response to increasing competition in the FX market. Offering higher rates could potentially boost the bank's net inflow of deposits, aiding in its liquidity position. The effect of this adjustment on market trends will depend on how effectively it enhances the bank's deposit base amid ongoing FX market fluctuations.
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