RWA ๐ Global & Macro: Amundi is gradually buying US Treasuries, betting the Fed’s rate hike cycle has ended and current yields are attractive.
๐ฆ RWA & Institutional: No major RWA or institutional tokenization developments in this hour.
โก Crypto & Markets: Bitwise will close its BWOW Dogecoin ETF due to weak investor demand. Abraxas Capital’s short position on Hyperliquid exceeds $980 million, signaling a massive bearish bet on the decentralized perpetual exchange.
๐ก Key Takeaway: Institutional caution persists as Amundi positions for a Fed pause, while crypto sees a failed ETF launch and a $980M short, reflecting mixed sentiment.