ETP Investor Appetite Declines, Bitcoin Outflows Continue

A recent report reveals a decline in investor appetite for digital asset investment products. Outflows totaled $206 million for the second consecutive week, coinciding with decreased trading volumes for Exchange Traded Products (ETPs). The negative sentiment is primarily focused on U.S. ETFs, with established funds bearing the brunt of outflows. In contrast, Canada and Switzerland saw inflows. Bitcoin also experienced significant outflows, while short-selling activity remained low. Ethereum had its sixth consecutive week of outflows, but multi-asset products saw inflows. Blockchain equities continue to face outflows due to concerns surrounding the upcoming Bitcoin halving.

President Biden Announces $7 Billion in Grants for Solar Projects and Expands Climate Corps Program

President Joe Biden announced $7 billion in federal grants for residential solar projects serving low- and middle-income communities. The grants are expected to reduce emissions by the equivalent of 30 million metric tons of carbon dioxide and save households $350 million annually. Additionally, Biden expanded the American Climate Corps green jobs training program, offering nearly 2,000 positions in 36 states.

Intel Earnings Preview: Undervalued or Facing Headwinds?

Ahead of Intel’s Q1 earnings report, investors are debating the company’s valuation and prospects. While some see an opportunity in its recent consolidation, others raise concerns about competition with TSMC and margin challenges. Analysts highlight the need for Intel to enhance profitability and address its product competitiveness in key areas like data centers.

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