Bitcoin ETFs Post Biggest Inflow Day Since May as JPMorgan Issues Buy Call on Walmart After Selloff
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· body · New information from a source
Walmart shares fell sharply after the retailer's earnings report, marking the stock's worst single-day performance in four years, according to CNBC.Despite the drop, JPMorgan told clients the stock is now trading cheaper than its usual valuation and recommended buying the dip, according to CNBC.Separately, U.S. spot Bitcoin ETFs took in $606 million in a single day, the largest daily inflow since May, according to Decrypt.BlackRock accounted for 83% of that total, Decrypt reported.Decrypt also noted that altcoin-linked funds saw inflows return after a period of absence, though the outlet did not specify dollar figures for those products.The two developments highlight a split market backdrop: a legacy retail giant absorbing a post-earnings selloff that one major bank views as a buying opportunity, alongside renewed institutional appetite for Bitcoin exposure through ETFs, led overwhelmingly by BlackRock's fund.- U.S. spot Bitcoin ETFs took in $606 million Thursday, their largest single-day haul since May, according to Decrypt.
- BlackRock accounted for 83% of that total, and altcoin-linked funds also drew inflows after a period of muted demand, Decrypt reported.
- Separately, Walmart shares suffered their steepest one-day decline in four years on Thursday following the retailer's earnings report, according to CNBC.
- JPMorgan told clients the stock is now trading at a discount relative to its historical valuation and recommended buying the dip, CNBC reported.
- The two moves are unrelated but both landed the same day: a rebound in crypto ETF demand led by BlackRock, and a Wall Street bank telling investors to step into a beaten-down retail giant.
· summary · New information from a source
Walmart shares tumbled to their worst day in four years after earnings, even as JPMorgan urged investors to buy, while U.S. spot Bitcoin ETFs pulled in their largest daily haul…- Bitcoin ETFs pulled in $606 million Thursday behind BlackRock, while JPMorgan urged investors to buy Walmart after its worst trading day in four years.
· headline · New information from a source
Walmart Posts Worst Day in Four Years as JPMorgan Calls It a Buy; Bitcoin ETFs Log Biggest Inflow Since May- Bitcoin ETFs Post Biggest Inflow Day Since May as JPMorgan Issues Buy Call on Walmart After Selloff
Every change made to this story after publication is recorded here automatically. A factual error gets a correction as well, on the corrections page.
U.S. spot Bitcoin ETFs took in U.S. spot Bitcoin ETFs pulled in $606 million Thursday, the biggest haul since May.
Thursday, their largest single-day haul since May, according to Decrypt. BlackRock accounted for Bitcoin ETFs Just Had Their Biggest Day Since May—BlackRock Took 83% of It.
of that total, and altcoin-linked funds also drew inflows after a period of muted demand, Decrypt reported.
Separately, Walmart shares suffered their steepest one-day decline in four years on Thursday following the retailer’s earnings report, according to CNBC. JPMorgan told clients the stock is now trading at a discount relative to its historical valuation and recommended buying the dip, CNBC reported.
The two moves are unrelated but both landed the same day: a rebound in crypto ETF demand led by BlackRock, and a Wall Street bank telling investors to step into a beaten-down retail giant.
This article is for information only and is not financial advice.
What the market did
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Story so far 3 updates
- flashBitcoin ETFs capture $606M in single day; BlackRock accounts for 83% of inflowsupdate
- storyWalmart Posts Worst Day in Four Years as JPMorgan Calls It a Buy; Bitcoin ETFs Log Biggest Inflow Since Mayupdate
- storyBitcoin ETFs Post Biggest Inflow Day Since May as JPMorgan Issues Buy Call on Walmart After Selloffupdate
BlackRock JPMorgan Chase Bitcoin
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