In today’s briefing:
- Index Rebalance & ETF Flow Recap: KQ150, LQ45, PCOMP, HDFC/HDFCB, Delta Electronics, Redox IPO, AMFI
- Q2 Liquidity Ranking for Crypto Assets
Index Rebalance & ETF Flow Recap: KQ150, LQ45, PCOMP, HDFC/HDFCB, Delta Electronics, Redox IPO, AMFI
- The review period for a bunch of indices ended last week though the announcement of the changes will take 4-6 weeks.
- There are no rebalance implementations in the coming week though focus will move to the implementation of the HDFC Limited/ HDFC Bank merger and index changes the following week.
- There were big inflows to China focused ETF with a lot of money going into Semiconductor and Chip focused ETFs.
Q2 Liquidity Ranking for Crypto Assets
- Towards the end of last year, I published the first liquidity ranking system for crypto assets, comparing each asset’s liquidity ranking to its market cap and investigating which token’s market cap is the most misleading from a liquidity standpoint.
- In Q1 of this year I provided an update to the ranking system as overall market liquidity hit 10 month lows.
- The good news is that global liquidity has been more or less flat over Q2, with no further drops apart from the tokens featured in the SEC lawsuits and a handful of exchange-specific drops in liquidity, such as Binance.US.
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