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Profit-taking leads to outflows in gold ETPs

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ETF Securities - Profit-taking leads to outflows in gold ETPs Agricultural basket ETPs received the largest inflows since inception.

ETF Securities – Profit-taking leads to outflows in gold ETPs

Highlights

  • Agricultural basket ETPs received the largest inflows since inception.
  • Inflows into industrial metal basket ETPs rebound, reversing the prior week’s trend of outflows.
  • Gold ETPs suffer US$103.5mn redemptions on the back of profit-taking.

Agricultural basket ETPs received the largest inflows since inception, totalling US$54.7mn surpassing the previous high achieved only four weeks ago. After a lacklustre performance over the prior year with the exception of cotton, a majority of agricultural commodities are trading higher in 2018 owing to severe weather conditions. Wheat prices have been benefiting from the ongoing dry spell in key US growing areas that is hampering the development of the dormant winter wheat. While the severe dry conditions in Argentina are supporting soybean and soybean meal prices higher. Meanwhile USDA’s February World Agricultural Supply and Demand (WASDE) report, shows lower closing inventories for corn stocks, lending buoyancy to prices. Added to that the weaker US dollar is also helping the value of dollar-denominated exports in many agricultural commodities.

Inflows into industrial metal basket ETPs rebound to US$42.1mn reversing the prior week’s trend of outflows. The pronounced US dollar weakness coupled with higher than expected inflation data in the US has lent buoyancy to industrial metal prices. As metals and commodities are viewed as a hedge against inflation.

Inflows into Nickel ETPs worth US$21.4mn garner momentum, rising for the sixth week in a row. Nickel was the best performer last week amongst the industrial metals complex, with a price rise of 7.3%. The growth associated with electric vehicle batteries is expected to play a role in demand for nickel that currently only accounts for 3% of total demand. Added to that, roughly 50% of the current nickel mine supply is suitable for battery use as the low grade nickel products are inadequate for battery manufacturing, raising the need for further production as global nickel inventories have been trading lower.

Gold ETPs suffer US$103.5mn redemptions on the back of profit-taking. Gold prices advanced to US$1360 per troy ounce attaining an 18-month high on the back of higher than expected inflation data and weaker retail sales in the US. Outflows from platinum ETPs continue for the seventh week in a row. According to the European Automobile Manufacturers’ Association, while new car registrations in the EU rose by 7.1% year-on-year, the percentage of diesel cars as a proportion of all new cars registered declined by 33%. This is likely to weigh on platinum, known for its use in pollution abatement technologies used in diesel vehicles.

Energy basket ETPs face redemptions worth US$13.2mn. While Oil ETPs saw inflows worth US$21.8mn. In its latest update the International Energy Agency’s (IEA) predicted production increase of 1.8mn barrels per day (bpd) is likely to exceed the anticipated growth in global demand. Added to that, owing to the ongoing unscheduled outages in Venezuela, the market would appear to be largely balanced if OPEC’s current oil production at 32.3mn bpd remained constant. However when Venezuela resumes production at normal levels, the oil market will be oversupplied.

Important Information

General

This communication has been issued and approved for the purpose of section 21 of the Financial Services and Markets Act 2000 by ETF Securities (UK) Limited (“ETFS UK”) which is authorised and regulated by the United Kingdom Financial Conduct Authority (the “FCA”).
The information contained in this communication is for your general information only and is neither an offer for sale nor a solicitation of an offer to buy securities. This communication should not be used as the basis for any investment decision. Historical performance is not an indication of future performance and any investments may go down in value.

This document is not, and under no circumstances is to be construed as, an advertisement or any other step in furtherance of a public offering of shares or securities in the United States or any province or territory thereof. Neither this document nor any copy hereof should be taken, transmitted or distributed (directly or indirectly) into the United States.

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Bitcoin is resilient despite the Middle East war

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As tensions between Israel and Iran escalate, Bitcoin’s price has held steady, remaining firmly above the $100K mark. While many assets tend to falter during periods of global uncertainty, Bitcoin’s resilience is catching the eye of everyday investors, strengthening its appeal as a reliable store of value in turbulent times.

As tensions between Israel and Iran escalate, Bitcoin’s price has held steady, remaining firmly above the $100K mark. While many assets tend to falter during periods of global uncertainty, Bitcoin’s resilience is catching the eye of everyday investors, strengthening its appeal as a reliable store of value in turbulent times.

What makes Solana the go-to blockchain today

Solana is quickly winning over the crypto world. With lightning-fast speeds and low fees, it’s become a top choice, not just for retail investors but also for institutions seeking real-world utility. What’s more, even crypto exchanges that run their own blockchains are now turning to Solana for its unmatched performance and efficiency.

Bitcoin’s new upgrade is on the way

Bitcoin is preparing for an upgrade known as OP_RETURN, designed to unlock new use cases and drive broader adoption. This is especially relevant as nearly 30% of its supply hasn’t moved in over five years. However, the update is stirring controversy, with critics questioning its impact on Bitcoin’s original purpose.

Research Newsletter

Each week the 21Shares Research team will publish our data-driven insights into the crypto asset world through this newsletter. Please direct any comments, questions, and words of feedback to research@21shares.com

Disclaimer

The information provided does not constitute a prospectus or other offering material and does not contain or constitute an offer to sell or a solicitation of any offer to buy securities in any jurisdiction. Some of the information published herein may contain forward-looking statements. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those in the forward-looking statements as a result of various factors. The information contained herein may not be considered as economic, legal, tax or other advice and users are cautioned to base investment decisions or other decisions solely on the content hereof.

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CBSEUS ETF investerar i likvida företagsobligationer från Euroområdet

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UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (hedged to CHF) A-acc (CBSEUS ETF) med ISIN LU1484800955, försöker följa Bloomberg MSCI Euro Area Liquid Corporates Sustainable (CHF Hedged)-index. Bloomberg MSCI Euro Area Liquid Corporates Sustainable (CHF hedged)-index följer de största och mest likvida företagsobligationerna i euroområdet utvalda av hållbarhetskriterier. Valuta säkrad till schweiziska franc (CHF).

UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (hedged to CHF) A-acc (CBSEUS ETF) med ISIN LU1484800955, försöker följa Bloomberg MSCI Euro Area Liquid Corporates Sustainable (CHF Hedged)-index. Bloomberg MSCI Euro Area Liquid Corporates Sustainable (CHF hedged)-index följer de största och mest likvida företagsobligationerna i euroområdet utvalda av hållbarhetskriterier. Valutasäkrad till schweiziska franc (CHF).

Den börshandlade fondens TER (total cost ratio) uppgår till 0,16% p.a. UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (hedged to CHF) A-acc är den enda ETF som följer Bloomberg MSCI Euro Area Liquid Corporates Hållbart (CHF Hedged) index. ETF:n replikerar det underliggande indexets prestanda genom samplingsteknik (köper ett urval av de mest relevanta indexbeståndsdelarna). Ränteintäkterna (kupongerna) i ETFen ackumuleras och återinvesteras.

UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (hedged to CHF) A-acc är en liten ETF med tillgångar på 42 miljoner euro under förvaltning. Denna ETF lanserades den 30 november 2017 och har sin hemvist i Luxemburg.

Handla CBSEUS ETF

UBS ETF (LU) Bloomberg MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (hedged to CHF) A-acc (CBSEUS ETF) är en börshandlad fond (ETF) som handlas på SIX Swiss Exchange.

SIX Swiss Exchange är en marknad som få svenska banker och nätmäklare erbjuder access till, men DEGIRO gör det.

Börsnoteringar

BörsValutaKortnamn
SIX Swiss ExchangeCHFCBSEUS

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Guldet motsvarar 20 procent av de globala centralbanksreserverna

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Enligt en färsk rapport från Europeiska centralbanken överträffade guld euron år 2024 och blev den näst mest hållna reservtillgången globalt, vilket motsvarar 20 procent av de globala centralbanksreserverna.

Enligt en färsk rapport från Europeiska centralbanken överträffade guld euron år 2024 och blev den näst mest hållna reservtillgången globalt, vilket motsvarar 20 procent av de globala centralbanksreserverna.

Euroområdets innehav återspeglar denna trend, med 10 765,5 ton guld, 67,1 procent av dess totala officiella reserver, jämfört med 36 274,3 ton globalt (22,2 procent), enligt World Gold Council per april 2025.

Denna förändring belyser växande ansträngningar att diversifiera bort från fiatvalutor mitt i dedollarisering, geopolitisk osäkerhet och inflationstryck.

Källa: Financial Times

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