Crypto game heats up: BTC ETFs raked in almost USD 900 mn in net inflows in just three days of trading after the US Securities and Exchange Commission greenlit the funds last week, the Financial Times reported yesterday. Investment manager giant BlackRock led the pack with USD 723 mn in inflows, while crypto asset manager Grayscale saw outflows totalling USD 1.2 bn of outflows after it turned its BTC fund into an ETF and investors left for new funds with less fees.

EGX30

26,758

-0.7% (YTD: +7.5%)

Non

USD (CBE)

Buy 30.83

Sell 30.96

USD at CIB

Buy 30.85

Sell 30.95

Interest rates CBE

19.25% deposit

20.25% lending

Tadawul

12,063

-0.1% (YTD: +0.8%)

ADX

9,724

-0.4% (YTD: +1.5%)

DFM

4,091

+0.2% (YTD: +0.8%)

S&P 500

4,739

-0.6% (YTD: -0.6%)

FTSE 100

7,446

-1.5% (YTD: -3.7%)

Euro Stoxx 50

4,403

-1.0% (YTD: -2.6%)

Brent crude

USD 78.01

-0.4%

Natural gas (Nymex)

USD 2.87

-1.0%

Gold

USD 2,008.80

-1.0%

BTC

USD 42,623.60

-1.8% (YTD: +1.0%)

THE CLOSING BELL-

The EGX30 fell 0.7% at yesterday’s close on turnover of EGP 6.1 bn (106% above the 90-day average). Egyptian investors were net sellers. The index is up 7.5% YTD.

In the green: Sidi Kerir Petrochemicals(+4.3%), Orascom Construction (+2.9%), and e-finance (+2.3%).

In the red: Beltone Holding (-2.7%), Fawry (-2.4%), and Palm Hills Development (-2.4%).

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