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05:13
The negative premium of the bitcoin fund market has reached 5.9%, the lowest level in two years.
BlockBeats news, on June 4, analyst Maartunn cited CryptoQuant data, stating that the current Bitcoin fund market premium has reached -5.9%, the lowest level in two years. This means that Bitcoin ETFs such as IBIT and GBTC are currently trading at a 5.9% discount to their net asset value (NAV). This indicates that market demand for exposure to these funds has significantly weakened compared to the value of their underlying holdings.
05:10
India's currency market trading volume hits record high as state-owned banks boost lending, pushing up short-term interest rates
(1) Data shows that trading volume in India's money market has surged to a record high, mainly because state-owned banks have intensified lending to meet strong credit demand. (2) According to analysis by the Indian Clearing Corporation, another driving factor is that in May, private banks unusually shifted from net borrowers to lenders. In the triparty repo segment, which accounts for about 70% of the money market, trading volume climbed to a record high of 5.5 trillion rupees ($57.8 billion) on May 13 and has remained elevated since then. (3) However, the scramble for funds in recent weeks has pushed up overnight lending costs and short-term bond yields, highlighting the ongoing difficulties banks face in attracting deposits as household savings flow into other investment products.
05:10
Energy transition helps the EU avoid severe inflation, ECB's preventive rate hike imminent
The energy transition helps the EU avoid hyperinflation, with the European Central Bank's preventive interest rate hike imminent
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