ETF trading surges as crypto slumps and IPO hype builds

MSN
2026.06.09 16:37
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ETF trading volumes surged, with PHO and GSC exceeding averages fivefold. Bitcoin and Ethereum declines boosted inverse crypto ETFs by up to 48.7%, challenging their inflation-hedge status. Meanwhile, retail investors adjusted flows ahead of major IPOs like SpaceX, while institutions monitored sentiment for successful debuts.