Driven by Alphabet's better-than-expected financial report and large-scale stock buyback plan, tech stocks led the way, and U.S. stocks rose broadly on Friday (4/25). As cryptocurrency prices rebounded comprehensively, the U.S. spot Bitcoin ETF saw net capital inflows for six consecutive days, attracting $3 billion last week. The spot Ethereum ETF also experienced its first weekly net inflow since February.
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ToggleBitcoin Spot ETF Attracts $3 Billion Last Week
As cryptocurrency prices rebounded comprehensively, the U.S. spot Bitcoin ETF saw net capital inflows for six consecutive days. According to SoSoValue data, the Bitcoin spot ETF absorbed over $3 billion in new funds last week. The weekly inflow level is the highest in 5 months and the second-highest in history.
The spot Ethereum ETF also experienced its first weekly net inflow since February.
Key Observations This Week
As U.S. President Trump's second presidential term approaches its hundredth day, investors are still seeking trading strategies to address his unpredictable policies. Major financial reports this week, including those from Apple, Microsoft, Amazon, and Meta, are about to be released. After two years of strong gains, can the seven tech giants continue to lead the market's rally?
U.S.-China relations have recently shown signs of easing. Earlier, the Korean media 'Joongang Ilbo' reported capturing an image of a senior Chinese finance ministry official and accompanying staff, wearing a G20 Finance Ministers and Central Bank Governors meeting pass, entering the U.S. Treasury building. Chinese Finance Minister Lan Fang stated over the weekend that China will adopt more proactive and effective policies to achieve growth targets and "bring stability and momentum to the global economy". The People's Bank of China and related departments will hold a press conference late Monday.
Canada will hold a general election on Monday, with Prime Minister Mark Carney expected to receive strong public mandate to counter Trump.
This Wednesday will see the release of the ADP data, known as the "mini non-farm payrolls", and the Fed-favored inflation indicator PCE, with non-farm employment data on Friday. Additionally, the Bank of Japan will hold a monetary policy press conference on Thursday, with the market expecting the central bank to maintain current interest rates.
Risk Warning
Cryptocurrency investment carries high risk, with potentially significant price volatility. You may lose all your principal. Please carefully assess the risks.
