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Canadian Dollar flattens amid holiday-thinned markets
The Canadian Dollar is mostly flat near familiar territory on Thursday. Canada GDP figures due Friday to draw some attention from Loonie traders. Market volumes are notably thin with US markets shuttered for Thanksgiving. The Canadian Dollar (CAD) traded thinly on Thursday, sticking to the 1.4000 handle against the Greenback as global markets grind into slow gear in the latter half of the trading week with overall market volumes crimped by a lack of flow from US institutions. US markets are shuttered in observation of the Thanksgiving holiday today, and a shortened day for American markets on Friday also bodes...
Spot Bitcoin ETFs See Record Withdrawals as CME Futures Premium Signals Weaker Demand
Spot Bitcoin ETFs See Record Withdrawals as CME Futures Premium Signals Weaker Demand The exchange-traded funds lost a record $671.9 million as bitcoin extended post-Fed losses below $100,000. Updated Dec 20, 2024, 12:42 p.m. UTC Published Dec 20, 2024, 9:32 a.m. UTC The U.S.-listed spot bitcoin (BTC) exchange-traded funds (ETF) registered record outflows Thursday and the CME futures premium dropped into single digits in a sign of weakening short-term demand. Investors ended a 15-day streak of inflows by withdrawing a net $671.9 million from the 11 ETFs, the largest single-day tally since their inception on Jan. 11, according to data...