ETF Financial News

Gold prices rose on Tuesday as comments from Federal Reserve Chair Jerome Powell bolstered the case for a September rate cut, while investors awaited more U.S. economic data for further monetary policy cues. Spot gold gained 0.8% to $2,440.29 per ounce by 1207 GMT. The bullion hovers only slightly below the record high of $2,449.89 hit on May 20.

Larry Fink, CEO of BlackRock, the world’s largest asset management firm managing over $10.6 trillion, recently revised his view on Bitcoin, labelling it as “digital gold” and a “legitimate financial instrument” in a CNBC interview.

The cryptocurrency market has always been characterized by its volatility and potential for substantial gains. One recent development that has captured the attention of investors is the advent of spot exchange-traded funds (ETFs) , particularly for Ethereum (ETH).

asset managers hoping to launch exchange-traded funds tied to the spot price of ether to begin trading next Tuesday, three industry sources said. The approval hinges on applicants submitting final offering documents to regulators before the end of this week, the sources said. One said that all eight are expected to launch simultaneously.

Bitcoin (BTC), the world’s most valuable cryptocurrency, began the new week with significant bullish momentum, surging past the $62,000 mark. This recent uptick in BTC’s price has reignited interest in Bitcoin price predictions.

The world’s largest asset manager has just gotten much bigger.

Tom Banks has been promoted to head of UK ETFs to help drive Invesco's ETF business. Until July this year, Banks was the firm's head of wealth and private banks, leading the distribution of Invesco's ETF and indexed strategies to the UK wealth and private bank sector. Joe Bello – previously head of UK asset manager ETF sales – has become head of ETF institutional and asset managers, with his role expanded to include pension and insurance clients, and he will report to Banks.  Invesco expands Summit range with fund of funds launch focused on retirement income Prior to joining Invesc...

Pankaj Balani, co-founder of Delta Exchange, in a recent live stream session on ETMarkets, revealed how cryptocurrency derivatives are opening new avenues for Indian traders. With insights that blend market expertise and forward-thinking strategies, Balani's perspective offers a glimpse into a future where digital assets and advanced trading instruments drive significant financial opportunities.

Blockchain infrastructure firm Jump Crypto has launched a bug bounty program offering Solana developers the opportunity to earn up to $1 million by identifying vulnerabilities in the upcoming “Firedancer” independent validator client.

Spot Bitcoin exchange-traded funds (ETFs) saw a combined net inflow of $216.33 million on Tuesday, marking the third consecutive day of positive flows.

Bitcoin has climbed this year, rising more than 30%, with demand for ETFs that hold the leading cryptocurrency helping its price upward. But bitcoin prices have recently cooled, pulling back from record highs set earlier this year. 

The Singapore Exchange (SGX) is currently not having any plans to allow for crypto listings, per a Reuters’ report.

According to a survey conducted by Calastone and ETF Stream, asset servicers are increasingly aware of the growing complexity of ETF products, with 40% of respondents arguing this will need further improvements in primary market servicing and technology. On the ETF issuers side, 38% of those polled highlighted the move to T+1 settlements as the biggest challenge on the ETF primary market servicing. Calastone: UK investors shun stocks despite global rally Around 44% of those surveyed said they do not believe asset servicers can meet the challenges taking into account the current sta...

Cryptocurrency prices are crashing on Thursday, with Bitcoin (BTC) last down over 4% on the day in the mid-$57,500s and Ethereum (ETH) down a similar margin to the $3,100s as as markets digests news of spot Ethereum ETF delays.

Republicans may be cheering “Drill, baby, drill” at their convention next week, but a Democratic President is typically better for oil and natural gas stocks, says Ben Cook, portfolio manager for the Hennessy Energy Transition Fund.

mutual funds invest most of their corpus in the large and mid cap stocks. As per the Sebi mandate, large & mid cap schemes are open-ended equity schemes that invest a minimum of 35% of total assets in large cap companies, and a minimum of 35% of total assets in mid cap stocks. However, this definition does not tell the whole story about the large & mid cap category. Consider this: The 35% mandatory investments in mid cap stocks make them risky. However, they are less risky than pure mid cap schemes that invest around 65% in mid cap stocks. Also, the 35% investments in large cap investments offer them some stability. But they are riskier than pure large cap schemes. Then there is the question of the remaining 30% of the corpus. The fund manager has the option to decide where the money will be invested. If he thinks the large cap space is attractive, he may invest in large cap stocks. If he thinks mid cap and small cap stocks are poised to take off, he may invest in them. As you can see, these investments may increase or decrease the risk in these schemes.

The Shiba Inu price has held firm today, sticking to $0.00001663 and posting a slight o.4% gain in the past hour.

Sebi on Monday proposed a relaxed regulatory framework for the passively managed mutual fund (MF) schemes in a bid to reduce compliance requirements. Considering the lesser risk inherent in managing passively managed MF schemes, the proposed MF Lite intends to reduce the compliance requirement, foster innovation, encourage competition and promote ease of entry for the MFs interested in launching only passive schemes, Sebi said in its consultation paper. Passively managed MF schemes replicate an underlying index such as ETFs and index funds where portfolios of index funds can be easily tracked. Active fund schemes requires expert fund managers who define investment philosophy and select securities. The present regulatory framework for MFs is however uniformly applicable for all MF schemes and does not differentiate regarding the applicability of provisions relating to entry barriers — net worth, track record, profitability — and other compliance requirements for entities who may be desirous of launching only passive funds.

Investors are piling into Bitcoin exchange-traded funds, betting the supply overhang that’s pushed the token lower in past weeks has created a buying opportunity.

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Over the past month, the cryptocurrency market has experienced significant fluctuations, with the Bitcoin price particularly feeling the brunt of market volatility.