Tomorrow is CPI day…. get ready!

Stocks rallied Monday after the previous week marked the S&P 500’s worst week since 2023.

Inflation data will be high on the agenda this week with the consumer price index for August due Wednesday and producer price data out on Thursday.

What’s going on in the pond?

Bitcoin ETF Outflows

US Bitcoin exchange-traded funds have posted their longest run of daily net outflows since listing at the start of the year. Investors pulled close to $1.2 billion in total from the group of 12 ETFs over the eight days through Sept. 6, data compiled by Bloomberg show. That said, Bitcoin rallied along with other risk assets on Monday, though its year-t0-date gains have cooled to about 30%. The token will likely trade in its recent $53,000-to-$57,000 range until US inflation data on Wednesday, said Caroline Mauron, co-founder of Orbit Markets. 

  Total assets in all Spot BTC ETFs are now $46B. Down from its June leak of $62B. * The $46B asset total is the lowest since February 1

With Friday's Spot BTC close of $52.9k, the Spot BTC ETF holders are sitting on a record $2.2B unrealized loss or 16% underwater.

Even with the recent outflows, BTC ETFs are attracting investment advisor adoption. IBIT has attracted $1.45 billion in net flows from investment advisors. It's a fraction of the $46 billion that has flowed into bitcoin ETFs in total. But if you excluded all other flows, and just looked at the $1.45 billion linked to investment advisors, IBIT would be the 2nd fastest-growing ETF launched this year (excluding other BTC ETFs). Out of 300+ launches!

China Worries

Troubles continue to brew in China as core inflation cooled to the weakest in more than three years, providing further evidence that consumer demand is slowing in the world’s second-biggest economy. “The deflationary pressure in China is getting more entrenched,” said Michelle Lam, Greater China economist at Societe Generale. China’s CSI 300 Index lost more than 1% on Monday, and is on the verge of falling to a five-year low. 

• Check out the ETF Tools Page

• Check out the 100 Latest ETFs issued.

• Check out quantitative leveraged ETF trading at alphaAI

• Check out this Earings tracker Calendar. Find out who is reporting, and when… All in one place.

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Life is rich,

_{- Addison}

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions. Please be careful and do your own research.