In this week’s ETF wrap, you’ll see the funds that soared in May and those that suffered. I'll also give you a look at how ETF flows shook out last month.
Hello! In this week’s ETF wrap, you’ll see the funds that soared in May and those that suffered. I’ll also give you a look at how ETF flows shook out last month.
SIGN UP FOR ETF WRAP Some of the biggest gains for exchange-traded funds in May were linked to inflation seen in commodities such as energy, while blockchain ETFs struggled as bitcoin fell. West Texas Intermediate crude for July delivery rose 0.5% on June 1 to settle at $115.26 a barrel, after the U.S. oil benchmark jumped 9.5% in May. Americans are paying more at the pump this year. Regular unleaded gas prices averaged $4.715 in the U.S. on Thursday, up from $4.194 a month ago and rising from $3.041 a year earlier, according to AAA Gas Prices.
Bitcoin prices BTCUSD dropped around 17% in May, and the cryptocurrency has traded below $30,000 this month. On Thursday afternoon, bitcoin was up around 2% at $30,254.
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