Bitcoin ETFs See Record Inflows

CRYPTO
Bitcoin ETFs See Record Inflows

Bitcoin exchange-traded funds (ETFs) have seen a massive $2.5 billion in inflows this week, following Bitcoin's rebound to a new all-time high of $111,000 on Thursday. The rally was led by BlackRock’s IBIT ETF, which pulled in a record $877 million in a single day—the largest daily inflow ever recorded for any ETF, according to Bloomberg’s Eric Balchunas.

The surge followed President Trump’s decision last week to ease tariffs on Chinese imports, temporarily calming markets. However, Bitcoin dipped slightly to $108,000 today after Trump threatened new tariffs on the EU. Despite market volatility, Bitcoin’s resilience has investors treating it as a hedge against inflation and geopolitical uncertainty.

Matt Hougan of Bitwise said Bitcoin’s growing appeal lies in its independence from central banks. As inflation fears rise, more investors are using Bitcoin ETFs to protect their wealth against fiat debasement.

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FINANCE
Trump Tariff Threats Shake Markets

U.S. stock markets dipped after former President Donald Trump threatened sweeping new tariffs. In a pair of Truth Social posts, Trump proposed a 50% tax on European Union imports and at least a 25% tariff on Apple unless the company moves iPhone manufacturing to the U.S. The S&P 500 fell 0.7% Friday, with a 1.7% loss for the week. The Nasdaq dropped 1%, while the Dow declined 0.6%. Apple shares fell 3%.

Trump’s remarks mark a reversal from his recent softening on tariffs. Earlier this month, he agreed to a 90-day pause on tariff escalation with China. That move had sparked a brief market rally, but renewed threats have reignited investor anxiety.

Meanwhile, Moody’s downgraded U.S. credit to Aa1 from AAA last week, citing long-term debt concerns. Economists warn that more tariffs could further slow the economy and heighten financial instability in an already fragile market.

FINANCE
Wells Fargo: Factory Growth Unlikely

Despite President Trump’s push to use tariffs to restore American manufacturing, a new Wells Fargo report argues the strategy may fall short. U.S. manufacturing jobs remain around 12.8 million—far below the 1979 peak of 20 million—and steep tariffs aren’t creating the right environment for job growth. Instead of expanding workforces, many companies are absorbing higher costs or passing them on to consumers.

Wells Fargo estimates it would take over $2.9 trillion and many years to rebuild manufacturing capacity. Labor remains expensive in the U.S., and companies like Apple and Pandora cite a lack of skilled, affordable domestic labor. Even with Apple’s $500 billion U.S. investment and Saudi Arabia pledging $600 billion for manufacturing partnerships, the workforce challenge persists.

Only 14% of Gen Z is open to factory jobs, according to Soter Analytics, raising questions about the future labor pipeline. Wells Fargo calls the return to past employment levels “an uphill battle.”

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.