SPDR S&P China ETF Price & Performance (GXC)

Cryptocurrency investment vehicles have suffered significant outflows, with $867 million withdrawn last week, marking the fourth consecutive week of losses. U.S. investors led the withdrawals, while some European markets saw this as a buying opportunity. Blockchain-focused funds were also hit, reflecting broader market apprehensions.1

China's recent National People's Congress has reignited investor optimism. Key indices like the MSCI China Index are up 16.1% year-to-date, driven by stimulus policies and a pivot to domestic consumption. ETFs tracking Chinese equities, including KWEB and MCHI, are benefiting from renewed confidence in the market.23

Assets in global ETFs reached a record $15.50 trillion in February, supported by $152.13 billion in net inflows during the month. Despite mixed market performances, the ETF industry continues to attract investors, with equity-focused ETFs leading the inflows. This marks 69 consecutive months of net positive flows.4