TrackInsight noticed a negative average daily performance of -2.58 % for the Technology all caps stock segment as of the 30th of July.
Momentum Large & Mid Cap stocks TrackInsight segment knew another bearish day with an average daily performance of -2.06%.
US information Technology stocks recorded positive flows within the last two trading days with €+511 M collected. This is mainly explained by the investors’ appetite for the ETF tracking the MVIS US Listed Semiconductor.
San Francisco-based company Bitwise is joining a growing flock of companies looking to launch the first exchange-traded fund for cryptocurrency. Recent rumors of SEC approval have pushed bitcoin prices above $8,000 this week. Bitwise filed with the SEC for the “HOLD 10 Cryptocurrency Index Fund” and aims to launch a market-cap-weighted index of the 10 largest cryptocurrencies.
Overall, asset prices in local currency did not fluctuate a lot last week and trading volumes were rather limited.
US Bank Stocks segment pursue the positive trend started last week with a new daily positive performance of 1.63%.