Todd Sohn News

Investors have poured $1.9 billion into nine new exchange-traded funds tracking the spot price of bitcoin in their first three days of trading, data from issuers and analysts showed, with fund giants BlackRock and Fidelity pulling in the lion's share of the flows. Collective flows to the nine funds outpaced post-launch flows into the ProShares Bitcoin Strategy ETF, which drew a record $1.2 billion in the first three days of trading after its 2021 launch. The SPDR Gold Shares ETF attracted $1.13 billion in the first three days after its 2004 launch. Investments in the long-awaited ETFs — launched on Jan. 11, a day after receiving approval from the U.S. Securities and Exchange Commission (SEC) — fell short of the most aggressive estimates of first-day flows in the billions of dollars.

In this article

In this article

In this article

Nvidia tumbled 9.5% on Tuesday in the deepest ever single-day decline in market value for a U.S. company, as investors softened their optimism about artificial intelligence in a broad market selloff following tepid economic data. Nvidia lost $279 billion in market capitalization, a major indication that investors are becoming more cautious about emerging AI technology that has fueled much of this year's stock market gains.

Economist Nouriel Roubini, who earned the “Dr. Doom” moniker for his warnings of disaster ahead of the 2008 financial crisis, is looking to become the latest high-profile Wall Street veteran to make their mark in the $9.4 trillion ETF universe.

Cboe Global Markets filed a request with the SEC for regulatory approval to change its rules and allow issuers to add an exchange-traded fund (ETF) share class to existing mutual funds, the exchange said on Thursday. If approved, this would allow established asset management firms to more easily expand strategies that currently exist only as mutual funds by simply adding an ETF share class, throwing open the doors to thousands of new funds.

In this article

By Suzanne McGee

By Suzanne McGee

The 50 most valuable companies in the benchmark, which now make up about 56% of its total weight, moved up or down on average nine places this year, tied for the most since at least 2013 and almost double in 2019. And that volatility comes even as the median valuation gap between each company in the top 50 has more than doubled to $7 billion since 2013. It suggests that as the S&P 500's top-heavy skew worsens, there's increasing competition for investor funds in the rest of the index. The much-discussed concentration risk at the very top — Apple is now nearly worth more than France's entire stock market — means investors are increasingly reliant on a shrinking number of companies for returns.

State Street’s $478 billion SPDR S&P 500 ETF (ticker SPY) raked in $20.8 billion on Friday, the biggest inflow since the fund’s inception in 1993. According to Bloomberg Intelligence, it was the largest one-day flow for any ETF.

By Suzanne McGee

There may be advantages to owning corporate bonds right now.

Money management firms launched new exchange-traded funds at a rapid pace last month, shaking off fears that the $7 trillion industry is already overrun with low-cost investment vehicles.

Vanguard Group Inc. is planning its first active exchange-traded funds in two years, with both new planned products focused on the fixed-income market.

tech companies have become too large even for the stock index tracking America's biggest tech companies. Now the benchmark's overseer is taking action to pare back their influence. The seemingly unstoppable growth of megacaps like Apple and Microsoft mean they have breached an upper limit imposed on stocks in the Nasdaq 100.

Investors may want to stick with what's working in the market.

Investors may have a new way to generate income during economic declines.

The third quarter of 2022 has witnessed a slowdown in money flowing out of crypto-related funds, according to a report from Bloomberg.