From Foundry LabsFinancial markets
What the data says about who is buying what across financial markets: Australian ETFs from ETFtracker, private credit from public statistics, and crypto tested with the dead coins kept in.
Mark led the analytics behind INSIGHT, the equity research product Canaccord Genuity acquired, worked on market data at the ASX, and founded ETFtracker.
ETFs
Exchange traded funds on the ASX: who is buying, what they hold, and where the money went.
Australian ETFs: the full report and what is inside it →
State of the Australian ETF Industry
A monthly report on who holds the money, where it is going and what launching a fund looks like, from every ASX and Cboe quoted product.
Everyone Just Bought Copper
The one pure copper ETF on the ASX is up 77% in a year and took in A$391m. Popular resources funds are barely copper.
You Own More Nvidia Than CBA
Through their ETFs, Australians hold A$7.3bn of Nvidia against A$7.1bn of Commonwealth Bank.
The Stocks the Index Is Quietly Buying
In August, ASX ETFs added A$1.24bn of mechanical demand across ASX equities. Where it tilted is the story.
What Australia Actually Bought
Thirteen findings from 78 months of ASX ETF data: flows were never negative, and thematic funds grew fifteenfold.
Private markets
Private credit first, then private equity: how big it is, who funds it and where the strain shows, from public statistics.
Australian private markets: the full report and what is inside it →
State of Australian Private Credit
Published estimates run from $50bn to $250bn and nobody keeps a register. What the public tables do show: who supplies the money, what banks and non-banks lend, and where the strain appears.
Crypto
Bitcoin and the largest coins tested the way a portfolio would have lived with them: dead coins kept in, every window stated.
Mark has founded and run digital-asset ventures, and founded the Australian Blockchain and AI Network.
What Is Driving Bitcoin Now?
This week: a Fed hold, a record exchange theft and the AI trade explain the week; a slow loss of crypto-specific demand explains the year.
FinFest 2026 Panel: Crypto, AI and the Road Ahead
The cycle, digital gold, drawdowns, who is buying, stablecoins and tokenisation, and AI agents: six panel questions, answered with ten charts.
Bitcoin in a Balanced Portfolio: What Ten Years of Data Say
The same Bitcoin slice looked very different depending on the start date, it has moved more with shares since 2020, and gold was the better diversifier.
Crypto Is Not One Bet: Bitcoin, the Baskets and the Famous Factors
A rule-based basket of the biggest coins lagged Bitcoin, most big coins collapsed within three years, and momentum did not work.
How You Hold It Matters: Timing, Rebalancing, Leverage and Investor Behaviour
Monthly buying cut the dips but not the risk, panic selling and 2x funds cost a lot, and the average dollar in Australian crypto funds lost money while the funds gained.