Ethereum the most popular category of ETFs in Australia after 57 per cent surge in July, while Bitcoin rises by 12 per cent
Global X on Thursday said it had posted its strongest month of flows on record in July, attracting $370 million in net inflows, with a significant amount going to US assets.
The company's Senior Product and Investment Strategist Marc Jocum said confidence in US exceptionalism and artificial intelligence were two of the trend's key drivers.
Ethereum, one of Bitcoin's main rivals, grew by 57 per cent in July, making it the best performing ETF on the Australian market.
Bitcoin rose by 12 per cent during the same time period.
In the US in July, Bitcoin ETFs experienced $6.3 billion in flows.
Ethereum ETFs had flows of $5.5 billion.
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West Australian
12 minutes ago
- West Australian
Bonanza grade gold in rock chips for Infinity in northern NSW
Infinity Mining has reported bumper gold in rock chips results from its latest Sir Walter Scott gold prospect in northern New South Wales, reporting gold grades up to 68.6 grams per tonne (g/t) gold in samples near its historic gold workings. The company collected 12 rock chip samples in early July from its newest Sir Walter Scott target area, just 3 kilometres south of its flagship Cangai copper project. Six of the samples returned high-grade gold results. The samples occurred along a 1km northwest-trending structural corridor, with standout results of 68.6g/t gold, 23.3g/t and a further 9.19g/t sample. The recently identified area features historic mine workings and has become a growing focus of Infinity's eastern Australian portfolio. It is 3km east of neighbour Novo Resources' historic John Bull mine, within the same interpreted but never-drilled structural corridor. The company says its high-grade assays occurred in laminated quartz veins exhibiting minor sulphides, such as pyrite, galena and sphalerite, aligning with sampling from the 1980s. The Sir Walter Scott prospect was discovered in 1872 and historically produced 1790 ounces of gold from 2203 tonnes of ore at an average head grade of about 25g/t gold, or nearly an ounce per tonne of dirt. Hosted within the carboniferous Gundahl complex, the mineralisation occurs in quartz-sulphide veins within steeply dipping chloritic shear zones. The company hopes the prospect is part of a larger intrusion-related gold system, a hypothesis also proposed for Novo's nearby John Bull gold project. Novo recently reported anomalous rock chip samples and drill intercepts at John Bull, with promising peak assays up to 67.9g/t gold – nearly as good as Infinity's. Infinity believes that its latest results, coupled with the lack of modern exploration at Sir Walter Scott, position the prospect as a compelling target for further work. A follow-up field program is slated for the coming months, focusing on detailed geological and structural mapping alongside surface geochemical sampling to verify historical results and better define future potential drill targets. The company is also focussed on its flagship Cangai copper mine, to Sir Walter's north. The project is one of the highest-grade copper mines in NSW, hosting a 4.4-million-tonne resource at 2.5 per cent copper. It also has credits for zinc, gold and silver, typical of a volcanogenic massive sulphide deposit. Cangai produced 4950t of copper, 52.7 kilograms of gold and 1035kg of silver from 77,000t of ore, making it one of NSW's highest-grade and most successful early 20th-century copper mines. Infinity's broader portfolio spans 3700 square kilometres across NSW's Macquarie Arc, Victoria's Melbourne Zone and Western Australia's East Pilbara and Central Goldfields. With gold prices remaining strong, the company's focus on its eastern Australian assets positions Infinity to capitalise on a first potential drilling program at Sir Walter Scott. The follow-up results will be key, however for now, it looks like Infinity could be well on the way to a new NSW gold discovery. Is your ASX-listed company doing something interesting? Contact:
7NEWS
12 minutes ago
- 7NEWS
Sunrise's Nat and Shirvo shocked to meet Daisy, the ‘woman' set to solve the aged care workforce shortage
Sunrise's Nat Barr and Matt Shirvington have seen almost everything but the TV hosts were somewhat flabbergasted by one guest on Thursday. Daisy is an AI-powered robot who is set to solve the staffing shortage currently facing Australian nursing homes and aged care industry. Described as a 'cutting-edge humanoid', Daisy can lead tai chi and mahjong classes, recite poetry, and have conversations with people. Developed by Singaporean social robotics provider Dex-Lab, Daisy is not meant to replace aged care workers, only assist in duties — at least for now — according to the Australian Nursing Home Foundation. Nat and Shirvo looked somewhat taken aback as they spoke with Daisy, asking her a number of questions. Barr asked: 'Daisy, what do you like about working in aged care?' Daisy replied: 'I love hearing life stories, sharing laughter, and helping seniors feel connected. It is heartwarming to be part of their daily joy. Even if I can't get hugs, I can always give smiles.' Shirvo then asked: 'Daisy, what we love most about aged care is singing and dancing. Can you sing us a song?' Daisy: 'I would love to but my operator needs to switch the mode on the tablet. Right now, we can chat away.' Barr asked Daisy what she thought of the Sunrise studio. Daisy replied: 'It is so vibrant and lively here. The energy is fantastic. It makes me even more excited to be here in Australia.' The robot finished by demonstrating a dance. Australia is facing a shortfall of more than 70,000 nurses by 2035, according to The Department of Health and Aged Care's Nursing Supply and Demand Study. Australian Nursing Home Foundation CEO Ada Cheng explained Daisy could help fill some of the gaps in aged care facilities. 'Daisy is wonderful. Since she has come, she is singing and dancing with the elderly, doing exercises, and she is also very good in one-on-one talking — always patient, always encouraging,' Cheng said. 'All people love to talk to her because she is not replacing our staff, she is supporting our staff.' Cheng explained Daisy was a 'very knowledgeable lady' who can lead group exercises, freeing up qualified human staff for 'one-on-one support' for individuals who need it. She was also a 'very good support tool' because she can also lead singalongs and karaoke, enabling human staff to attend to other duties — or even have a deserved break.
The Age
42 minutes ago
- The Age
Australia news LIVE: Albanese defends Allan's WFH push; Trump threatens higher tariffs on Australian medications; Rio Tinto mulls sick leave overhaul
Key posts 1.59pm Flying to Sydney from NZ? You might not need to fill out a paper form any more 1.39pm Union alarm as mining giant mulls sick leave overhaul 1.20pm Today's headlines 12.50pm Taxpayers pour $50 million into Gina Rinehart-backed lithium miner 12.20pm Trump threatens DC takeover after staffer known as 'Big Balls' assaulted 11.18am Trump coming after 'utterly core' Labor agenda: Butler 11.16am Butler 'very concerned' about Trump's 250 per cent tariff threat 10.59am Albanese praises 'very constructive' call with Palestinian Authority Hide key posts Go to latest Quick explainer: What is a tariff? By Alexander Darling Good afternoon, Alex here in Melbourne taking over from my colleague, Daniel. While there's all this discussion about US President Donald Trump's tariffs coming into effect today, here's a crash course in what that word means. A tariff is a tax which countries impose on goods and services imported from another country. They are often used to protect domestic industries offering the same goods and services as well as raising revenue. Loading Often importers will pass the costs of tariffs onto their customers in the form of higher prices, making the imported goods more expensive and less attractive to consumers. As an example, US importers will pay a 10 per cent tariff on Australian goods, meaning an order that used to cost $1 million will now cost them $1.1 million. In the past, US President Donald Trump has used tariffs on Canada, Mexico and China as a bargaining chip, to force those countries to change their approach to controlling the flow of fentanyl and illegal immigrants to the US. Latest posts 2.55pm Trump threatens 100 percent tariff on chips - with a carrot attached By Alexander Darling While Australia is sweating on Donald Trump's threat of a 250 tariff on pharmaceuticals exported to the US, the higher tariffs have already arrived for other countries. In the past 24 hours, the president has announced a plan to impose 100 per cent tariffs on semiconductor imports. Semiconductors are small bits of metal that conduct electricity, needed in everything from smartphones to medical equipment. The president of the Philippine semiconductor industry Dan Lachica said that around 70 per cent of the country's exports are semiconductors, and as such this new tariff plan would be 'devastating' for the Asian archipelago nation. Trump said companies that make computer chips in the US would be spared the import tax. Investors seemed to interpret the potential tariff exemptions as a positive for Apple and other major tech companies that have been making huge financial commitments to manufacture more chips and other components in the US. Loading Big Tech has already made collective commitments to invest about $1.5 trillion in the U.S. since Trump moved back into the White House in January. That figure includes a $600 billion promise from Apple after the iPhone maker boosted its commitment by tacking another $100 billion on to a previous commitment made in February. Meanwhile, Trump has also imposed an additional 25 per cent tariff on Indian goods, citing New Delhi's continued imports of Russian oil in a move that sharply escalated tensions between the two nations after trade talks reached a deadlock. You can read more from our Europe correspondent David Crowe at the link here. With Reuters, AP 2.35pm Negative gearing: Greens spruik last election's housing policy ahead of productivity roundtable By Alexander Darling The Greens have welcomed fresh calls from the Australian Council of Social Service to curb the Capital Gains Tax discount and abolish negative gearing, ahead of treasurer Jim Chalmers' Economic Reform Roundtable later this month. ACOSS published its submission to the roundtable earlier today, which is also calling for reform of employment services and support for households and industry to speed the clean energy transition. 'ACOSS joins a chorus of stakeholders, including the ACTU and banks, calling on the government to wind back negative gearing and the capital gains tax discount ahead of the [roundtable],' said the Greens in a statement on Thursday afternoon. 'Under the Greens 2025 election policy, both negative gearing and the CGT discount would be grandfathered to one existing investment property and removed on all second and subsequent properties, ensuring 'mum and dad' investors with a single investment property are not negatively impacted, while disincentivising future speculative and unproductive investment in the property market.' The party's housing spokesperson, Senator Barbara Pocock, said the roundtable was 'an ideal opportunity where fixing the housing crisis should be top of the agenda'. Later in the same press conference, Robert Simms, a state Greens member of South Australia's upper house, said he would draft a bill giving SA's public servants the right to work from home one day a week. It follows Victoria's Labor premier announcing last week legislation allowing both public and private sector workers the right to work from home two days a week. The Prime Minister defended Jacinta Allan's push earlier today. Man charged with killing a top Minnesota House Democrat is expected to plead not guilty Minneapolis: The man charged with killing the top Democrat in the Minnesota House and her husband, and wounding a state senator and his wife, is expected to plead not guilty when he's arraigned in a federal court on Thursday, his lawyer says. Loading Vance Boelter, 58, of Green Isle, Minnesota, was indicted on July 15 on six counts of murder, stalking and firearms violations. The murder charges could carry the federal death penalty, though prosecutors say that decision is several months away. As they announced the indictment, prosecutors released a rambling handwritten letter they say Boelter wrote to FBI director Kash Patel in which he confessed to the June 14 shootings of Melissa Hortman and her husband, Mark. However, the letter doesn't make clear why he targeted the Hortmans or Senator John Hoffman and his wife, Yvette, who survived. Boelter's federal defence lawyer, Manny Atwal, has said that the weighty charges did not come as a surprise, but she has not commented on the substance of the allegations nor any defence strategies. 1.59pm Flying to Sydney from NZ? You might not need to fill out a paper form any more By Chris Zappone Sydney-bound Qantas passengers from Auckland and Queenstown can now enter the country without a paper incoming passenger card, thanks to a trial of a digital replacement. How it works Before landing, eligible Qantas passengers can complete their passenger questionnaire on their Qantas app and receive a digital QR code. On arrival, they process through the SmartGate system with their passport. At customs, passengers show the QR code generated on their app to Australian Border Force officials. An official checks the details on the digital card and either clears the passenger or directs them to a luggage inspection. The digital card eliminates the need for the forms to be filled out by passengers before landing. For the affected flights, it's expected to speed up the international arrival process in Sydney which has long been a source of aggravation for passengers. The SmartGate system has been dogged by problems and cost overruns since its rollout a decade ago. The slow adoption of the kiosks have created bottlenecks for exhausted passengers who have often flown for hours before arrival in Australia only to wait in long lines to be cleared for entry to the country. Although Smartgates are typically paid for by the Australian Border Force, Sydney Airport has footed the bill for eight new kiosks at T1 to speed the processing capacity. It will install a further 32 SmartGate kiosks by 2026, the airport says. The trial of a digital incoming passenger card for the Sydney-bound flights from New Zealand follows an earlier trial for all international Qantas flights into Brisbane which began in October 2024. Qantas International CEO Cam Wallace said the launch of the limited Sydney digital incoming passenger card 'is a significant step forward in simplifying the arrival process into Australia, and the overwhelmingly positive response from our customers in Brisbane has demonstrated just how much demand there is for this innovation'. 1.39pm Union alarm as mining giant mulls sick leave overhaul By Aaron Bunch and Alexander Darling Thousands of iron ore workers could have their sick leave entitlements slashed, unions claim. Rio Tinto has proposed a slew of changes to its sick leave policy, including reducing workers' entitlement of three months a year to 12 days, the Australian Manufacturing Workers' Union says. The Mining and Energy Union said this amounts to a cut of 33 to 36 days of sick leave in real terms. The proposals raised serious concerns for workers, and the mining giant needed to provide more information, AMWU state secretary Steve McCartney said. 'Rio Tinto is starting with workers' sick leave entitlements — but who's to say wages and broader conditions aren't next on the chopping block?' he said. According to the union, the revised policy includes 10 days of sick leave and two additional days a year, which do not accrue year-on-year. Loading Workers would be eligible for a $1000 annual payment for wellness programs, it said. Rio Tinto said it was consulting with its employees over proposed changes to its sick and carer's leave policy for its iron ore business. 'Safety and wellbeing of our people is our top priority,' a spokeswoman said. 'Prompted by feedback from our people survey, we are conducting a review of the sick and carer's leave policy for Rio Tinto Iron Ore.' Rio Tinto Iron Ore employs about 16,000 people. Under the National Employment Standards, full-time employees are entitled to 10 days of sick leave each year. With AAP 1.36pm Quick explainer: What is a tariff? By Alexander Darling Good afternoon, Alex here in Melbourne taking over from my colleague, Daniel. While there's all this discussion about US President Donald Trump's tariffs coming into effect today, here's a crash course in what that word means. A tariff is a tax which countries impose on goods and services imported from another country. They are often used to protect domestic industries offering the same goods and services as well as raising revenue. Loading Often importers will pass the costs of tariffs onto their customers in the form of higher prices, making the imported goods more expensive and less attractive to consumers. As an example, US importers will pay a 10 per cent tariff on Australian goods, meaning an order that used to cost $1 million will now cost them $1.1 million. In the past, US President Donald Trump has used tariffs on Canada, Mexico and China as a bargaining chip, to force those countries to change their approach to controlling the flow of fentanyl and illegal immigrants to the US. 1.20pm Today's headlines By Daniel Lo Surdo Good afternoon, and thank you for reading our national news blog. Here's a look at today's biggest stories: Prime Minister Anthony Albanese has defended Victorian Premier Jacinta Allan's controversial work-from-home plan, saying Allan's remote work stance was 'consistent' with the federal government. Allan faced criticism after announcing plans to enshrine the right to work from home into law, with legal experts and business groups both sharing their concern. Albanese said Allan was responding to views in Victoria, and that flexible working arrangements 'help workers, and they help employers'. Health Minister Mark Butler has said he is 'very concerned' after US President Donald Trump threatened a 250 per cent tariff rate on Australian pharmaceuticals amid increasing pressure from American pharmaceutical lobbyists. Butler reiterated the government's refusal to present the Pharmaceutical Benefits Scheme as a negotiating chip in tariff negotiations, and said he would press for the continuing of free trade with the US on pharmaceuticals. Australia exported a record $5.7 billion worth of non-monetary gold in June, according to figures released by the Australian Bureau of Statistics this morning. Gold exports enjoyed a spike at the start of the year amid concern from American investors about Trump's trade policy, helping Australia run a rare trade surplus with the US. Australia exported a record $46.9 billion worth of gold in the 2024-25 financial year. Trump has suggested he may use the National Guard to police the streets of Washington in his latest threat to grant a federal takeover of the US capital. It comes after Edward Coristine, the young staffer known as 'Big Balls' who formerly worked for Elon Musk's so-called department of government efficiency, was beaten and assaulted at the weekend. Trump, who has threatened a federal takeover of Washington on several occasions, said the capital was 'very unsafe', and that 'we have to run DC'. 12.50pm Taxpayers pour $50 million into Gina Rinehart-backed lithium miner By Nick Toscano Australia's national investment fund has taken a $50 million stake in Gina Rinehart-backed Liontown Resources, in the latest sign the Albanese government is doubling down on efforts to help critical minerals producers ride out a long-running price slump. Liontown, a Western Australia-based miner of the electric battery raw material lithium, said on Thursday a $266 million capital raise to fortify its balance sheet would be led by a cornerstone $50 million investment from the federal government's taxpayer-funded National Reconstruction Fund. Rinehart, Australia's richest person, is ASX-listed Liontown's single largest investor with an 18 per cent stake held through her flagship company Hancock Prospecting. The National Reconstruction Fund Corporation – established in 2023 to support priority areas of the Australian economy – said its Liontown investment was in line with the government's strategy to transform Australia into a 'global leader in the critical minerals supply chain'. 'Australia is well-positioned to be a competitive, long-term supplier of lithium to the rest of the world,' the corporation's chief executive David Gall said. Australia is home to some of the richest known reserves of lithium, a metal often called 'white gold' due to its silvery-white appearance and the fact it is an ingredient the world will need in far greater quantities to manufacture lithium-ion batteries to power electric cars and store renewable energy. Since the dawning of the electric vehicle era, automakers across the globe have been scrambling to lock in lithium supplies, striking long-term contracts with producers in WA and the Northern Territory. However, lithium prices have fallen sharply since hitting record highs in late 2022, amid a global slowdown in electric vehicle sales, putting producers' balance sheets under mounting pressure. Liontown managing director Tony Ottaviano described the government's investment as a 'strong endorsement' of the strategic importance of the company's Kathleen Valley lithium project, adding that Liontown was 'well-placed to remain resilient in this low-price environment'. Earlier this year, the $15 billion National Reconstruction Fund took a $200 million stake in Arafura Rare Earths, a company aiming to mine and process crucial raw ingredients needed to make high-strength magnets in the Northern Territory. 12.20pm Trump threatens DC takeover after staffer known as 'Big Balls' assaulted US President Donald Trump suggested he may use the National Guard to police the streets of Washington, DC, in his latest threat to take over running the city that serves as the seat of the US government. 'We have a capital that's very unsafe,' Trump told reporters at the White House on Wednesday. 'We have to run DC.' Trump, who has threatened a federal takeover of the city multiple times, renewed those threats after a young staffer who was part of Elon Musk's Department of Government Efficiency was assaulted over the weekend. Musk, the billionaire former adviser to Trump who once spearheaded the DOGE effort, said the man – Edward Coristine, known by the nickname 'Big Balls' – was beaten and received a concussion. 'It is time to federalise DC,' he wrote. A spokesman for DC Mayor Muriel Bowser declined to comment. Violent crime in the first seven months of 2025 was down by 26 per cent in DC compared with last year while overall crime was down about 7 per cent, according to the police department. 12.09pm Australian gold exports hit record high By Shane Wright The great musician Prince may have said that all that glitters ain't gold, but he wasn't singing about Australia's extraordinary golden trade performance of the past year. Figures from the Australian Bureau of Statistics released this morning revealed that in June, the country exported a record $5.7 billion worth of non-monetary gold. There was a spike at the start of the year as gold exports from Australia and several other nations to the United States soared on concerns among American investors about Donald Trump's trade policy. So large were our exports that Australia ran a trade surplus with the US for the first time since Harry Truman was president (and Vera Lynn, Bing Crosby and Tony Bennett dominated the music charts). The trade surplus has come to an end, but Australia is still exporting record amounts of gold. In 2024-25, the country exported a record $46.9 billion worth of the shiny stuff, a 42.4 per cent lift on 2023-24. It's almost double the value of gold exports in 2022-23. By contrast, the nation's single large export – iron ore – slid by 15.5 per cent last financial year to $116.5 billion.
