ETF Financial News

TLDR

Exchange operator ASX Ltd., which handles the bulk of the country’s stock trading, has approved the VanEck Bitcoin ETF which will be listed on Thursday, VanEck said in a press release on Saturday.

In this article

PSU Mutual Funds: PSU mutual funds have surged over 10% since June 4, the day Lok Sabha election results were announced. PSU mutual funds fall within the thematic equity mutual fund category. Thematic funds are equity mutual funds that invest into stocks connected to a particular theme. These funds’ investment patterns are unified by a central idea. For example, an infrastructure theme fund might invest in sectors such as cement, power and steel, among others.

Bitcoin ETF, particularly BlackRock's IBIT, has been the fastest-growing ETF to date, reaching $20 billion in just 137 days. In comparison, the next closest, JEPI, took nearly 1,000 days to achieve the same milestone. Now that the money men have tasted blood, and Ethereum spot ETFs to be listed, there are some interesting developments in the crypto market. While the primary impact is directly on Ethereum, there's been a fascinating secondary effect – a surge in the valuations of memecoins built on the Ethereum blockchain. Let's understand how this development is impacting the memecoin landscape and what it means for the future.

Solana’s ETF prospects are uncertain due to the upcoming US elections, while Sei’s price is facing a bearish market outlook. On the other hand, BlockDAG (BDAG) is experiencing a massive presale surge following endorsements from prominent influencers, driving a rush of investors.

Bitcoin price peaks and dips, new Ether ETFs, and whale accumulations—what could these mean for Bitcoin’s future? Find out in our report.

A Fund of Funds (FoFs) is a mutual fund that invests in other mutual funds or ETFs instead of directly in stocks, bonds, or other securities. They come in various types, such as equity-oriented, debt-oriented, hybrid, international, thematic or sectoral, ETF-based, and commodity fund of funds, each catering to different investor needs and offering diversification.

Bitcoin (BTC) has recently experienced a tumultuous period, with prices dropping to $66,000 amidst significant outflows from spot Bitcoin ETFs. This downward trend has been further fueled by the Federal Reserve’s revised rate-cut projections and mixed signals from recent economic data.

As of 11:58 am IST, Bitcoin was trading 0.74% lower at $66,955.

Ether, the native cryptocurrency of the Ethereum network, has experienced a notable increase in long-term holder accumulation, coinciding with a 2% price drop over a 24-hour period.

New York Life Investments appears to be pulling the plug on the semi-transparent ETF structure, switching its two products that do not disclose holdings daily to a fully transparent model.

Relatively speaking, it’s been a rough couple of years for advisors with a value investing tilt.

Northern Trust Asset Management has appointed a new head of global ETFs and funds, part of its business that has around $230 billion in assets under administration.

Japan has launched a new ETF on Nifty50, which will be an addition to the four passive funds that track the headline index, NSE CEO Ashish Chauhan said on Thursday. “Happy to share that Blackrock Japan has launched an ETF on Nifty 50 in the month of June 2024. In the current Financial year, already four new passive funds tracking Nifty indices launched in international markets (3 in Japan and 1 in South Korea),” Chauhan said. In 2023, seven passive funds were launched in Japan and South Korea which tracked Nifty indices. Six of these seven passive funds tracked Nifty 50, while one tracked the Nifty50 2x leverage index.

Bitcoin's price (BTC) rose to nearly $70,000 Wednesday as investors cheered better-than-expected inflation data for May that raised hopes of a rate cut by the U.S. Federal Reserve.

After much angst over inflation, the weaker economy in this country finally prompted the Bank of Canada to cut its interest rate by 0.25 per cent, but what now? What should investors do next now that a cut is finally official?

The Global X Bitcoin ETP (BTCX) and Global X Ethereum ETP (ETHX) will track the long-term growth potential of the cryproassets, respectively. Both products are subject to a fee waiver, which was implemented when the options initially listed on the SIX Swiss Exchange and Deutsche Börse Xetra two week ago. Global X ETFs hires CEO from Goldman Sachs AM after senior executive exodus The waiver is scheduled to last until 3 January 2025, after which a 0.29% arranger fee for both products will come into effect. Coinbase Custody International will act as a «secure cryptocurrency custodi...

Bitcoin (BTC) has attracted tech enthusiasts and investors alike, often making headlines with its dramatic price movements. Its journey from trading at just $1 in 2011 to surpassing $73,000 by 2024 has been a rollercoaster of meteoric rises and significant declines. Historically, Bitcoin has been synonymous with volatility, witnessing notable fluctuations in its price over the years. In 2012, it saw modest gains, starting the year around $13 and closing at $732 by the end of 2013. The extraordinary surge in 2017 saw Bitcoin's price skyrocket from around $1,000 to a peak of $19,188 by December. This momentum carried into 2021, smashing previous records as it surpassed $60,000 in April, peaking at $64,895 mid-month, before declining to below $20,000 by mid-2022.

Hong Kong’s finance secretary, Christopher Hui, highlighted the flexibility offered by the in-kind subscription and redemption feature of the city’s six spot crypto exchange-traded funds (ETFs) as part of Hong Kong’s ongoing effort to establish itself as a regional cryptocurrency hub.