ETF Financial News

Purchasing gold on Dhanteras has evolved into a cherished tradition. For investors seeking to participate in this practice, the government’s Sovereign Gold Bonds (SGB) scheme, introduced in 2015, offers a more contemporary and convenient alternative to acquiring physical gold.

The bad year that a lot of ESG investors are having may be about to get even worse. 

Investment management firm Ark Invest, led by pro-Bitcoin investment veteran Cathie Wood, has collaborated with exchange-traded product (ETP) provider 21Shares to launch a new suite of digital asset exchange-traded funds (ETFs). The move aims to provide a “robust set of options" for investors looking to get digital assets into their trading portfolio. 

PV Subramanyam, CEO, Subramoney.com, says “I would rather put it in a multi-asset fund because a multi-asset fund would have 10% of its money in gold. So at any point in time, they will keep selling equity, buying gold or selling debt, buying gold or maybe selling gold and buying equity. That balancing will be done by the fund house and that is more tax efficient than you being able to do it. If you sell gold, you will pay capital gains tax. If you buy more gold, you will pay GST and things like that but if you let the fund manager sell equity, sell debt and buy gold when it is efficient that makes more sense. So a multi-asset fund with 10% in gold or 15% in gold makes more sense and it is more tax efficient also.” During Diwali time, especially Dhanteras, talk about gold is mandated even as we are dealing with a lot of uncertainties right now. There are geopolitical concerns, concerns over crude oil prices, which way they are going to go and of course slowdown in key economies. How important is gold as an investment class today? Normally you tend to have about 5-10% of your portfolio in gold but gold is not very efficiently taxed.

Bitcoin (BTC) neared $37,000 on Nov. 9 as a fresh BTC price surge appeared to take traders by surprise.

Cathie Wood’s Ark Invest, in partnership with 21Shares, is launching a suite of digital asset ETFs, focusing on Bitcoin and Ethereum futures and blockchain technology.

The lure of the yellow metal can be unwavering. So much so that many investors ensure to make a significant allocation to gold investments. With the prices of gold constantly fluctuating and even touching a decent bottom in recent years, many investors have started investing in gold exchange-traded funds (gold ETFs). 

Chainlink's (LINK) token has experienced a remarkable 26% surge between Nov. 2 and Nov. 8, approaching $14, a level not seen since April 2022. This solidified its position as the 10th largest cryptocurrency (excluding stablecoins) by market capitalization.

—Name withheld on request Over the last few years, several alternatives to buying physical gold have emerged that generate higher returns. From a cost, tax and return perspective, sovereign gold bonds (SGBs) issued by the government of India are possibly the best option. SGBs get you a 2.5% annual interest if you hold these until maturity, which is eight years from the issue date.

The Bitcoin ETF Token (BTCETF) is a trending new platform on Ethereum that lets investors benefit from Bitcoin ETFs’ performance and regulatory developments.

The team responsible for assembling BlackRock Inc.’s model portfolios is favoring the stock market’s largest companies, potentially unleashing a flood of billions of dollars into technology shares.

Diwali, along with other festivals, is a time of celebration, joy, and increased spending in India. While you shop, exchange gifts, and participate in cultural festivities, it is important to understand the potential tax implications of your credit card spending. In this article, we will explore how to calculate tax on credit card spending during the festival season in India, allowing you to enjoy the celebrations while managing your finances responsibly.

Diwali festival, is considered auspicious to buy gold and silver. It also marks the beginning of the biggest wedding season. Buying gold on auspicious occasions is a part of the Indian tradition.

Dhanteras, a significant day in the Indian calendar, marks the auspicious occasion when households across the nation invest in gold. This tradition is deeply rooted in the belief that buying gold on this day brings prosperity and wards off negativity. As the festivities approach, investors face the perennial question: should they opt for physical gold, gold ETFs, or the lesser-known Sovereign Gold Bond Schemes (SGBs)? In this article, we'll delve into the historical significance of Dhanteras, explore the merits and demerits of each investment avenue, and shed light on why this year, SGBs deserve serious consideration.

A new crypto-lending platform dubbed Tokenet says it will service what it expects to be an influx of institutional clients following the potential United States approval of spot Bitcoin (BTC) exchange traded fund (ETF). 

Bitcoin (BTC) has been trading within a narrow 4.5% range over the past two weeks, indicating a level of consolidation around the $34,700 mark. 

Bitcoin’s recent slip below the $35,000 threshold marks a pause in its latest bull run, but the market’s optimism doesn’t seem to wane, as the Fear & Greed Index hovers at a confident 73. This pullback has not dampened the broader positive market mood, with the trajectory for Bitcoin and its digital brethren still pointing north.

The hype surrounding the potential launch of a spot Bitcoin exchange-traded fund (ETF) is not only driving up the price of Bitcoin but has also reignited enthusiasm in the crypto gaming sector, according to Animoca Brands co-founder and executive chairman Yat Siu.

Is the bond bear market finally over? That is the question everyone is asking now that bond prices rallied sharply following the November FOMC policy meeting. As noted earlier:

Bitcoin ETF Token ($BTCETF) is a speculative ERC-20 token linked to the fate of the upcoming Bitcoin Spot ETF approvals by the SEC. This cryptocurrency offers a deflationary mechanism, and high annual yields through its staking contract. Our how to buy Bitcoin ETF Token guide shows you how to purchase this token in a few simple steps.

Cathie Wood’s flagship fund on Monday sold Roku Inc., which recently became its biggest holding, for the first time since August.