Key Takeaways
- Core inflation came in cooler than expected at 0.2% MoM
- ETF flows diverged: ETH saw inflows, while BTC recorded outflows
- Altcoins are driving the rally, reinforcing our overweight positioning
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Key Takeaways
Bitcoin ownership has overtaken gold among US adults, and a Treasury buyback announcement has pulled the dollar, gold and Bitcoin into the same trade.
Strategy, Coinbase and MARA all posted double-digit weekly gains that tracked Bitcoin almost directly, while Circle fell on stablecoin-competition worries even after a strong week of its own.
The launch is also a bid to rebuild institutional credibility after a May exploit pushed at least one major partner toward rival Chainlink.
The launch extends Franklin Templeton's multi-chain BENJI platform into a new distribution channel, betting that regional exchanges can reach institutional demand faster than the asset manager's own platform alone.