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Spot Bitcoin exchange-traded funds (ETFs) could surpass gold ETFs in total assets under management (AUM) as investor demand expands beyond the traditional “digital gold” narrative, according to ETF analyst James Seyffart.“There are just more use cases of why somebody would put a Bitcoin ETF in a portfolio,” Seyffart said on the Coin Stories podcast published to YouTube on Friday. He pointed to Bitcoin’s (BTC) role as digital gold, a store of value, a portfolio diversifier, and a form of digital capital and property, adding that the market also views Bitcoin as a “growth risk asset.”Seyffart explained that Bitcoin has “all…

May NY world sugar #11 (SBK26) today is down -0.23 (-1.50%), and May London ICE white sugar #5 (SWK26) is down -3.70 (-0.84%).Sugar prices are falling today, with NY sugar posting a 2-week low.  Ramped up sugar production in India is undercutting prices today after India’s National Federation of Cooperative Sugar Factories Ltd. reported that India’s 2025-26 sugar output from Oct 1-Mar 31 was up +9% y/y to 27.12 MMT.  Today’s +11% surge in WTI crude oil prices (CLK26) is limiting losses in sugar. Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity…

U.S. nonfarm payrolls rebounded in March, rising by 178,000 versus expectations for a 51,000 gain. The unemployment rate edged down to 4.3% from 4.4%, according to the Bureau of Labor Statistics.  Revisions painted a more nuanced picture. January’s increase was revised up by 34,000 jobs to 160,000, while February’s decline was revised deeper, to a loss of 133,000 positions. On net, employers added 7,000 fewer jobs than initially reported, underscoring that momentum has cooled even with the March beat.  Hiring remained concentrated in a handful of sectors. Health care added 76,000 jobs, while construction and transportation and warehousing contributed 26,000 and 21,000…

Stablecoin transaction volume surpassed the US Automated Clearing House network for the first time in February, a significant milestone for an asset class that has existed for less than 12 years.According to data from blockchain analytics platform Artemis, the total 30-day adjusted rolling stablecoin volume hit $7.2 trillion in February, beating the Automated Clearing House network at $6.8 trillion.”Stablecoins are quietly becoming the foundational infrastructure for global payments: no banks, no weekends, no borders,” said analyst Alex Obchakevich in an X post on Friday.Surpassing the ACH is significant, given that the network functions as the backbone of the US payments…

Kevin Heckman has joined Easterly Asset Management as SVP of sales for the Mid-Atlantic region. Heckman will deepen and broaden relationships with RIAs, financial advisors, family offices, and high-net-worth investors across Delaware, Maryland, New Jersey, New York, and Pennsylvania. Heckman, who brings more than 15 years of industry experience to Easterly, previously served as VP at Rockefeller Asset Management, where he led external distribution and relationship management for institutional and wealth advisory clients. Heckman will report to head of sales Phil Juliano Jr.  Scott Dixon has been named SVP for the Pacific Northwest market at ExchangeRight. Dixon will manage and deepen relationships…

May arabica coffee (KCK26) on Thursday closed down -2.40 (-0.81%), and May ICE robusta coffee (RMK26) closed down -73 (-2.07%).Coffee prices settled lower on Thursday amid a stronger dollar ($DXY).  Also, the outlook for a record Brazilian coffee crop is weighing on coffee prices.  Last Thursday, Marex Group Plc projected a record 2026/27 Brazil coffee crop of 75.9 million bags, even higher than Sucafina’s forecast of 75.4 million bags, up +15.5% y/y.  Earlier this month, StoneX raised its Brazil 2026/27 coffee production estimate to a record 75.3 million bags, up from a November estimate of 70.7 million bags.   Don’t…

Crude oil rose to over $100 a barrel while Bitcoin fell 2% after a national address by US President Donald Trump on the conflict in Iran, where he vowed to hit Iran “extremely hard” over the next few weeks. Speaking at the White House on Wednesday during an address to the nation, Trump said the US military is “very close” to finishing “Operation Epic Fury,” claiming to have wiped out Iran’s nuclear and naval capabilities while also significantly hampering its drones, missiles and weapon factories.“I can say tonight that we are on track to complete all of America’s military objectives shortly.…

Executive Summary  U.S. Treasury markets are undergoing a repricing that is unusually technical rather than flow-driven. Since late February, the 10-year yield has climbed roughly 45 basis points, yet primary dealer balance sheet data and fund flow indicators show no corresponding surge in outright selling. Instead, the move has coincided with deteriorating liquidity conditions—bid-ask spreads in on-the-run Treasurys have widened by an estimated 20%–30%, and market depth has thinned materially.  Auction data reinforces the point. The past week’s 2-year, 5-year, and 7-year auctions all tailed, with bid-to-cover ratios falling below recent averages (e.g., 2-year at 2.44 versus 2.63 at the previous auction; 5-year at 2.29 versus 2.32; 7-year at 2.43…

May NY world sugar #11 (SBK26) today is down -0.27 (-1.74%), and May London ICE white sugar #5 (SWK26) is down -7.10 (-1.58%).Sugar prices tumbled to 2-week lows today and are sharply lower.  Weakness in crude oil prices (CLK26) today is undercutting ethanol prices, potentially encouraging the world’s sugar mills to increase sugar production at ethanol’s expense, boosting sugar supplies. Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.   Higher sugar production in Brazil is also bearish for sugar prices.  Last Friday, Unica reported that cumulative 2025-26 Center-South sugar output (October…

Bitfarms (BITF) shares climbed 6.6% on Tuesday despite reporting a widened $284.5 million net loss for 2025, driven by a decline in Bitcoin prices and a high cost of revenue, with the company advancing its pivot to AI and high-performance computing. The company’s full-year results statement on Tuesday showed a 72% year-on-year increase in revenue to $229 million. This was outweighed by $248 million in cost of revenue, leading to a gross loss. General and administrative expenses also increased year over year, while the change in fair value of digital assets led to a $50.5 million loss in 2025 compared with a…