Trump: Orders 25% Additional Tariffs on Canadian Steel and Aluminum
US President Donald Trump announced that he has ordered his Secretary of Commerce to impose an additional 25% tariff on all steel and aluminum imports from Canada, bringing the total tariff level to 50%. Trump stated that this decision will take effect as of tomorrow morning.
Standard Chartered Bank: US Recession Concerns Overblown, Two Rate Cuts Expected
Steven Englander, Standard Chartered Bank’s global head of G10 FX research and North American macro strategy, said that despite slowing economic growth in the US, recession concerns are overblown. He suggested that falling energy prices and improving weather conditions in the coming months could boost consumer spending and support economic growth. The bank expects two more rate cuts in 2025.
US Bitcoin Spot ETFs Outflows for 6th Consecutive Day, Totaling $369 Million
- Grayscale GBTC: $20.59 million outflow. GBTC’s total net outflows reached $22.44 billion.
- BlackRock IBIT: $89.24 million outflows. IBIT’s historical net inflow stands at $39.49 billion.
US Ethereum Spot ETFs Outflows for 4th Consecutive Day, $37.5 Million Withdrawn
- Grayscale ETHE: Net outflow of $4.84 million. ETHE’s total net outflow reached $4.13 billion.
- Grayscale Ethereum Mini Trust ETH: Outflow of $3.87 million. The total net inflow stands at 610 million dollars.
VanEck Registers AVAX, Avalanche ETF in the US
Global investment firm VanEck has registered an Avalanche exchange-traded fund (ETF) in the US. This move is considered a strong signal that it may apply for a spot AVAX ETF in the future. The VanEck Avalanche ETF was officially registered in Delaware on March 10.
Mt. Gox’s New Bitcoin Transfers Raise Market Concern
Mt. Gox has caused unease in the market with its high volume of Bitcoin (BTC) transfers in recent days. With the fluctuations in the cryptocurrency market, the exchange reportedly transferred a total of 11,834 BTC.
CBOE Applies to SEC to Add Staking Functionality to Fidelity Ethereum ETF
Cboe BZX Exchange, a subsidiary of the Chicago Board Options Exchange Group (CBOE), has submitted a proposed rule change to the US Securities and Exchange Commission (SEC) to add staking functionality to the Fidelity Ethereum Fund.
by Darkex Research – 1 min read
