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MicroStrategy to join Nasdaq 100 with $2.1 billion in ETF share buying expected
MicroStrategy’s addition to the Nasdaq 100 on December 23 is expected to drive $2.1 billion in ETF share purchases, potentially bolstering its Bitcoin holdings. Photo: Trung Phan Key Takeaways MicroStrategy is set to join the Nasdaq 100 Index, with an official announcement expected on December 13. MicroStrategy’s Nasdaq 100 inclusion could drive $2.1 billion in ETF share buying. MicroStrategy is expected to join the Nasdaq 100 Index on December 23, with an official announcement scheduled for this Friday, December 13. According to Bloomberg ETF analyst James Seyffart, ETFs tracking the Nasdaq 100 are expected to purchase $2.1 billion worth of...
NFTs Could Hit Lowest Monthly Sales in 9 Months
NFTs may have recently lost popularity, but there can never be a question about their continued relevance. July is proving to be a very low month for non-fungible tokens (NFTs) following a recent report by data tracker CryptoSlam. The July 29 report shows the monthly volume of digital collectibles hitting $393 million as NFTs continue to trade below $14 million on a daily average. If these figures are anything to go by, then July may end up being the lowest month for NFTs so far in the year running. That is, in terms of monthly trading volume. Just last month,...
AUD/USD plummets to fresh four-month lows below 0.6400
The US Dollar strengthened ahead of the weekly close on the back of mixed data. The Reserve Bank of Australia will announce its decision on monetary policy next week. AUD/USD fell to its lowest since August, maintaining the bearish pressure. The US Dollar (USD) soared in the last trading session of the week, with the AUD/USD pair falling towards 0.6380, a level last seen in August. Without data releases in Australia, the market focused on the United States (US) macroeconomic developments. Mixed employment figures initially weighed on the USD, but a better-than-anticipated preliminary estimate of the US Consumer Sentiment Index...