THE VIEW
Risk appetite cooled as equities slipped and the 10-year yield edged back up to 5.28%. The flow data shows the pressure point: $55.34 billion left long-term mutual funds in the last week of September, with nearly $485 million exiting Bitcoin ETFs in a single day as crude pushed higher.
Long-term mutual funds bled $55.34 billion for the week ended Sept 30
Equity funds lost $37.13 billion and bond funds $17.05 billion, a broad redemption wave that redirects attention to ETF distribution channels.
Bitcoin ETFs recorded their largest single-day outflow in over a year
Nearly $485 million left US spot Bitcoin ETFs on October 7 as BTC fell toward $82,000, with Ether products losing $160.9 million on the same day.
KKR leans further into fund administration with a $5.1 billion acquisition
Fund administration consolidation continues, reshaping the operational plumbing issuers and wealth managers depend on.
Nuveen Municipal Credit Opportunities Fund reports rights offering results
The offering is expected to issue roughly 13.7 million common shares, a leveraged CEF tapping demand for municipal credit exposure.