ETF Financial News

These debuts mark the first launch of spot cryptocurrency ETFs in Asia, coming just three months after the U.S. introduced its first ETFs to track spot bitcoin.

Bitcoin, Ethereum, BNB, XRP, Shiba Inu, Tron, and Chainlink recorded gains, trading up to 3% higher.

The cryptocurrency market is dynamic, with Ethereum ETF approval and Dogecoin’s price forecast generating significant interest. Ethereum faces hurdles in obtaining ETF approval due to network complexity. Dogecoin’s evolution from a meme to a serious asset is reflected in its optimistic price forecast. Apart from these two, BlockDAG ‘s strategic growth is notable, reaching a $0.006 coin price in its 10th batch upgrade, which is a 500% increase from its initial coin price. Its recent implementation of a vesting period for presale coin holders, ensuring gradual coin release and safeguarding value, highlights a commitment to stability and growth, backed by $100 million in liquidity.

Amidst positive market expectations, Bitcoin (BTC) faces a downtrend, dropping to $62,247 with an intra-day low of $62,007. Global tensions and US Department of Justice actions against crypto founders fuel this decline.

Investors in Australia could soon have a new way to gain exposure to Bitcoin, as the country is poised for a surge of spot Bitcoin exchange-traded funds (ETFs).

overseas exchange traded funds (ETFs), the gap between the trading price of units at stock markets and fund houses is getting wider. For the unversed, mutual fund ETFs are available for trading at the stock market as well, and this is why they are named as ‘exchange traded funds’. The price at which these units are sold at a stock exchange can be different from the one at which they are traded at a mutual fund house.

Asset management firm Franklin Templeton has listed its Ethereum exchange-traded fund (ETF) under the ticker EZET on the Depository Trust and Clearing Corporation (DTCC) website.

Initially, when funds reached the RBI’s investment limit in 2022, it was believed to be temporary, with the cap expected to increase soon. However, the cap continues to remain unchanged, having deprived investors of overseas exposure for over two years now. Of the 69 international funds, 26 have been closed in some capacity. Some have been toggling flows intermittently due to limited capacity. The Rs.7,500 crore Motilal Oswal Nasdaq 100 ETF initially paused flows for 3-4 months two years ago, but now remains open, providing liquidity daily based on demand. However, it uses outflows to manage limits and may close at any time. Pratik Oswal, Head, ETFs and Index Funds, Motilal Oswal AMC, points out, “We have some headroom to invest abroad, but we are not encouraging large investors and are giving preference to retail SIP contributions.”

Elon Musk got the market’s memo. Mark Zuckerberg missed it. Cathie Wood ignored it.

Bitcoin (BTC) maintained its upward trend and experienced a strong upward rally, hitting the intra-day high of $65,100 before dropping near the $63,000 mark. Despite minor dips in other altcoins like Ethereum (ETH) and Dogecoin (DOGE), BTC held its ground.

The Depository Trust and Clearing Corporation (DTCC) has announced that it will not assign any collateral value to exchange-traded funds (ETFs) with exposure to Bitcoin or cryptocurrencies. 

In recent years, many young Indians have been choosing to start investments with stocks, mutual funds, and ETFs as they seek to build wealth and secure their financial futures through diversified portfolios.

The Bitcoin (BTC) price chopped either side of the $64,000 level on Friday in the wake of the latest US inflation data report, which showed the Core PCE index rising 0.3% MoM in March, in line with the market’s expectations.

The Fidelity Wise Origin Bitcoin (FBTC) ETF, a key player in the spot Bitcoin exchange-traded fund (ETF) market, experienced a significant setback on Thursday, with a first day of net outflows since launch. It recorded a noteworthy outflow of nearly $23 million, marking a significant event in the cryptocurrency market.

But what you will read ahead should help you form an independent view of your preference. Keep reading!

mutual fund scheme Mirae Asset NYSE FANG+ETF FoF-Reg(G) delivered nearly 20% returns in the January-March quarter outperforming its peers in this category in the said period. The returns were higher not just against those domestic funds which invest in Indian equities but also those which invest in overseas stocks. As per the data available with Amfi, the number of thematic funds at the end of March stood at 160 which includes global, MNC and overseas fund-of-funds. The average returns delivered by this category in the January-March quarter stood at 5.10%.

As registered investment advisors face an increasingly complex landscape marked by rapid technological advancements, changing client demographics, market uncertainty, and emerging investment opportunities, the path to sustainable growth and competitive differentiation has become more challenging than ever.

As BlackRock’s 71-day ETF inflow streak comes to an end, the Bitcoin market faces new uncertainties.  Despite a modest increase to $64,165, Bitcoin’s trading dynamics hint at potential volatility. This update provides a Bitcoin price prediction in light of recent financial shifts.

Eternal gold bug Peter Schiff had a fierce warning for Bitcoin’s faithful on Wednesday, claiming the digital asset is on the verge of losing substantial and precarious technical price support.

traders appear to have scaled back their bets on the world's largest cryptocurrency as its two major tailwinds subside. The Bitcoin funding rate — the premium paid by traders to open new long positions in the token's perpetual futures market — on April 19 turned negative for the first time since October 2023, CryptoQuant data shows.

The move would make Hong Kong the first domicile in the Asia-Pacific region to approve a crypto-backed, exchange-based investment fund. It would also put the island in prime position in the race to become the digital assets hib for the region.