Tag Archives: ETF

(Bloomberg) — Just days after launch, the first U.S. Bitcoin futures exchange-traded fund risks becoming too popular for its own good. Most Read from Bloomberg The Proshares Bitcoin Strategy ETF (ticker BITO) is already on track to breach a limit on the number of futures contracts it is permitted to hold by the Chicago Mercantile Exchange, according to data compiled by Bloomberg. After two days trading BITO owns nearly 1,900 contracts for October, and CME rules cap the number of front-month… Source link

(Bloomberg) — Grayscale Investments LLC and the New York Stock Exchange filed to convert the world’s biggest Bitcoin fund into an ETF, appealing to regulators for approval just as its wildly popular vehicle is beset with competition. Most Read from Bloomberg The application to flip the $40 billion Grayscale Bitcoin Trust (ticker GBTC) landed on the same day that the ProShares Bitcoin Strategy ETF (BITO) debuted, becoming the first exchange-traded fund in the U.S. investing in futures on the… Source link

(Bloomberg) — Cathie Wood is joining the slate of Wall Street players hoping U.S. regulators will soon greenlight an ETF tracking Bitcoin futures. Most Read from Bloomberg The ARK 21Shares Bitcoin Futures Strategy ETF, ticker ARKA, plans to invest in Bitcoin futures contracts that trade on commodity exchanges, according to a Wednesday filing with the Securities and Exchange Commission. Alpha Architect, a white-label issuer of ETFs, submitted the filing, while 21Shares US LLC — an affiliate of… Source link

Goldman Sachs believes people are over invested in big cap tech names such as Facebook, Amazon, Apple, Netflix and Google [FAANG] that have minted fat profits and higher stock prices the past decade amid an explosion in tech advances. To get investors thinking beyond FAANG, the investment bank recently launched the Goldman Sachs Future Tech Leaders ETF. As the name implies, it looks to invest in the next big winners in tech that have true global exposure. “We launched the ETF strategy because… Source link

SpaceX launched the first all-civilian crew into orbit on Wednesday evening. The liftoff at 8:02 p.m. from Kennedy Space Center in Florida is a major step towards the future of commercial space travel.  “Few have come before, and many are about to follow,” said billionaire Jared Isaacman from inside the spacecraft. The 38-year-old founder and CEO of Shift4 Payments (FOUR) funded the mission called Inspiration4. The voyage benefits St Jude’s Hospital.  None of the four crew members on board… Source link

In this series of articles, BeinCrypto explores the state of various cryptocurrency ETFs in the United States. This particular article will focus on the Kryptoin bitcoin ETF, which was first introduced in 2019. Kryptoin’s bitcoin ETF has been in the news since 2019 and may find approval alongside the cryptocurrency market’s success in 2021. Institutional involvement in bitcoin and other cryptocurrencies has ramped up in recent years. The turning point for this change was introducing the… Source link

(Bloomberg) — U.S. regulators have once again punted their decision on whether to approve a Bitcoin ETF. The Securities and Exchange Commission said in a Wednesday regulatory filing that it will seek more public comment on a proposal to list a product on Cboe Global Markets Inc. It’s not the first time this year that the SEC has delayed giving an answer to the legions of crypto advocates pushing for a way to trade the largest cryptocurrency in an exchange-traded fund format. Crypto… Source link

Bloomberg A Niche London Firm Outplayed JPMorgan in Super League Battle (Bloomberg) — The fight for the future of European soccer was also a battle between two very different types of financial players.On one side stood the venerable Wall Street giant JPMorgan Chase & Co., bankrolling a debt-driven, multi-billion euro plan to form a breakaway European Super League. Lining up against them was a boutique financial firm with links to some of the world’s richest and most liquid investors and a… Source link

There’s been a lot of noise in the world of cryptocurrency this year and plenty of signs of a dedicated ETF. Joining the “ETF Report” with hosts Alexis Christoforous and Kristin Myerson Yahoo Finance, ETF Trends’ CIO and Director of Research, Dave Nadig, speaks to what to expect as far as a fund is concerned. As of now, Nadig believes the fall may be the best time to expect some official announcement of a crypto ETF. Six months from when the Toronto exchanged started trading on the… Source link

Bloomberg Credit Suisse’s New Chairman to Decide If a Deal Is the Answer (Bloomberg) — The damage control work at Credit Suisse Group AG from a pair of disasters that stunned the banking world will soon give way to the question of how the 165-year-old institution will rehabilitate its business and reputation.A new chairman, Lloyds Banking Group Plc chief Antonio Horta-Osorio, arrives in three weeks, to begin the search for answers after the fiascoes involving Archegos Capital Management, a… Source link