Canada is readying spot Solana ETFs to launch this week. ETFs will include staking.

VIX falling

The SEC delays its decision on permitting staking in Grayscale's ETH spot ETFs.

China surpasses US in Gold ETF inflows as investors seek safe-haven amid global trade war. Investment flows into Chinese physically backed gold ETFs so far this month have exceeded those for the whole of Q1 and overtaken inflows registered by US listed funds -World Gold Council [crypto is an even better inflation/uncertainty hedge because there are no quotas for crypto in China]

Chinese gold ETF inflows month to date

🚨 CRYPTO BANK ANCHORAGE PROBED BY US HOMELAND SECURITY

In Q1 XRP and SOL have stood out as two of the most liquid altcoins, with the highest average 1% spot market depth.

NY Fed: March expectation unemployment will rise to the highest since April 2020.

Trump: I'm looking at something to help the car companies. I already helped Tim Cook. I don't want to hurt anybody.

🚨FED'S WALLER: RECESSION RISK WOULD OUTWEIGH RISK OF HIGHER INFLATION

Potential sources and scenarios of upside risk today.

Apollo: The textbook would be saying when the stock market goes down, yields also go down (because traders sell stocks to buy Treasuries). But this is not what is happening at the moment. [Maybe because in the textbook there is no trade war with China that keep dumping Treasuries to keep the Yuan afloat. BTFD!]

GS: individuals significantly added to positions in NDX and SPX single stocks on Wednesday and Thursday.

Bank of America card spending data continues to show consumers remain resilient, up +1.1% Y/Y in March.

UBS downgrades China's 2025 economic growth forecast to 3.4% from 4%, assuming current tariff hikes remain and China rolls out additional stimulus.

🚨On April 14, spot Bitcoin ETFs recorded a total net inflow of $1.4m. Spot Ethereum ETFs saw a total net outflow of $5.9m, marking the fifth consecutive day of net outflows. -source

Spot Bitcoin ETF cumulative net flows chart vs daily closed price (14 apr 2025)

SPX death cross activated yesterday. Here are 1-year SPX returns after the Death Cross since 2000. [The death cross used to mean something before the great financial crisis. Now it’s the QE is close cross.]

April marks the most bearish outlook ever among BofA global fund managers

BofA GFM Survey: Gold is the most crowded trade

BofA GFM Survey: About 50% expect a recession