ETF Financial News

 

Grayscale, the world’s largest digital asset fund manager, has filed an opening brief in its lawsuit against the U.S. Securities and Exchange Commission.

Chicago Federal Reserve President Charles Evans said the central bank is holding fast in its commitment to bring down inflation even if it means people losing their jobs.

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MakerDAO, the governing body of the Maker protocol, recently revealed that a community-wide vote that had been going on for months had concluded.

Connecticut-based advisory firm Tuttle Capital Management has submitted a preliminary prospectus filing with the U.S. Securities and Exchange Commission (SEC) for two new exchange traded funds (ETFs) centered around betting against the investment tips from Jim Cramer.

Bitcoin [BTC] is back above $20,000 once again but this time there is a notable lack of enthusiasm about it. This is because the cryptocurrency had been bouncing back and forth between the $17,000 to $22,000 range.

Hoping to capitalize on the rebounding crypto markets, San Francisco-based crypto index fund provider Bitwisehas rolled out BWEB, a new Web3 exchange-traded fund (ETF).

Bitwise Asset Management announced on Oct. 3 a new exchange-traded fund (ETF) to both institutional and retail investors, giving them access to companies "positioned to benefit" from Web3 growth. 

According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Grayscale Bitcoin Trust has terminated two agreements with cryptocurrency broker Genesis.

Cathie Wood’s ARK funds said on 3 October it had snapped up Tesla stock. It comes after the EV maker’s shares tumbled following a deliveries miss in the third quarter.

Minor inflows for digital asset investment products over the last few weeks suggest a “continued hesitancy” towards crypto amongst institutional investors amid a slowdown of the U.S. economy. 

Cathie Wood's investment firm, ARK Investment, is making its two actively managed crypto strategies available to registered investment advisors. The strategies will be available as separately managed accounts (SMA) through a collaboration with the digital asset platform Eaglebrook, the companies announced on October 3. 

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

The S&P 500 may be trading around 2022 lows, but a new report finds active managers are having their best year since 2009. The numbers suggest they still have a long way to go, though.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

BlackRock, the world’s largest asset manager, has just launched a new exchange-traded fund (ETF) providing European customers with exposure to the blockchain industry, while reports indicate a Metaverse-focused ETF may be on the way. 

Will Peck, the head of digital assets at exchange-traded fund provider WisdomTree said regulators in the United States will “ultimately get there” on approving a Bitcoin spot investment vehicle, but dealing with claims of market manipulation could be a challenge.

BlackRock has continued to increase its presence in the digital assets space by launching a new European blockchain exchange traded fund.

Freetrade has set its sights on cryptocurrencies as part of a push into Europe, as the well-known trading app plans to turn a profit by the end of 2024.

To curb the inflationary pressure, central banks are raising interest rates, affecting the returns on many asset classes globally. Several assets are undergoing market volatility, including the S&P 500 Index, which recently fell into bear territory as it dropped by over 20% from its recent high. Bonds have suffered, too, and with the looming signs of global recession, crypto markets have also witnessed a downfall. Investors are worried across all asset classes as ROIs have significantly dropped, but the impact is higher on crypto due to the volatile nature of the market. Investors’ confidence has taken a back seat as Bitcoin’s price has plummeted substantially since the beginning of the year, and investors are worried about their future returns. However, it should be noted that such high volatility is not foreign to this asset class, as similar cycles of bull and bear in the market have been witnessed historically. Still, crypto has eventually emerged to outperform any other asset class.