📈Market Colour 03/06/2024

➜ Monthly ETF Flows: With total inflows of $13.8B across 98 days of ETF trading, the ETFs have recorded 4 months of net inflows and 1 month of net outflows. The ETFs ended May with 14 days of consecutive inflows resulting in $2.07B of monthly inflows in May - a bounceback from -$344.1M of monthly outflows in April.

➜ $ETH Options: Majority of $ETH Options are calls between $4K-$5K for end-of-June expiry June 28th. This is driven by the speculation that trading of the Spot $ETH ETFs will commence at the end of June. Looking ahead to end-of-July, $ETH Options are concentrated at calls with a strike price of $6K.

➜ ENA: Issued by @ethena_labs, the USDe stablecoin has become the fastest USD asset to reach the $3B supply mark just four months after its public launch. Following this news, ENA OI on @Binance has surged 6.16% in the last 24 hours with its funding rate remaining stable at 10.95% annualized.

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