ProShares Bitcoin Strategy ETF started trading yesterday and has been the second most heavily traded fund on record. The massive inflows gave a boost to Bitcoin as well which traded near its all-time-high levels.

Elsewhere, Netflix posted better-than-expected results as the Squid Game boosted the quarterly subscriptions and the forecast for the next quarter. But beating expectations didn’t prevent Netflix shares falling into the negative in the after-hours trading.

Tesla is due to announce earnings today. Analysts expect a strong quarter thanks to soaring vehicle deliveries despite a challenging economic environment. Let’s see if Tesla results would take the share price to a fresh record or trigger a profit taking at the current levels. 

This report has been prepared by Swissquote Bank Ltd and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by Swissquote Bank Ltd personnel at any given time. Swissquote Bank Ltd is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.

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