ETF Financial News

mutual funds industry increased nearly Rs 14 lakh crore to a record Rs 53.40 lakh crore as of March 2024 compared with Rs 39.42 lakh crore as of March 2023, according to AMFI Mutual Fund Industry Fiscal year 2024 report. The percentage gain of over 35% was the highest since fiscal 2021 when the industry had grown 41%. The strong gain in industry assets was also replicated in the growth of investors in mutual funds, with the number of folios closing at A record high of 17.78 crore, converting into an investor base of around 4.46 crore, according to the report.

BlackRock’s Bitcoin exchange-traded fund (ETF) stands out as the sole spot Bitcoin fund in the United States to experience inflows in the first day of the week, while other ETFs have reported either zero inflows or even outflows. 

Bitcoin (BTCUSD) traded flat while spot bitcoin exchange-traded funds (ETFs), which have been driving up bitcoin demand and consequently its price, experienced a rare week of net outflows as the markets geared up for the halving event later this week.

If you were an early crypto investor, you’d know the leading crypto assets before cryptos even became a worldwide exchange were Bitcoin and Ethereum. This was because they showed potential growth and delivered. 

Digital asset investment products witnessed minor outflows amounting to $126 million in the past week as investors displayed hesitancy amidst a stalled positive price momentum. 

Hong Kong gave conditional approvals for asset managers to start spot-Bitcoin and Ether exchange-traded funds, the firms said, a development that boosted both tokens and the wider crypto market.

HDFC Bank shares, the FII ownership falls, MSCI doubles the weight of the bank in the indices, forcing many FIIs/ETFs/index funds and funds following the benchmark to buy. If you don’t sell, MSCI does nothing, and there is no additional buying’.” Can you understand what is happening here? MSCI is an American company that runs many stock market indices, which are followed by global investors. MSCI periodically adjusts the weightage of stocks in its indices based on factors like the free float. In this instance, Arora creatively uses a movie dialogue to explain the dynamics with HDFC Bank shares. If FIIs sell a few HDFC Bank shares, it could paradoxically trigger increased buying. How? Selling would reduce the free float. MSCI’s methodology would then call for increasing the stock’s weightage in the index. This would compel index funds and ETFs, which mirror the index, to buy more shares to match the higher weightage. Active funds benchmarked to the index may also feel the pressure to add to their positions. On the other hand, if FIIs refrain from selling, MSCI is likely to maintain the HDFC Bank’s current weightage, resulting in no incremental buying pressure from indextracking funds. This happened last week. If the FIIs had collectively sold just 0.05% of the stock, it would have doubled the stock’s weightage. If that had happened, a lot of ETFs and other investors, who were obligated to shadow the index, would have had to double their holdings.

Interest rates are an important factor that determine the trajectory of gold prices. When interest rates are high, gold becomes less attractive. When the US Fed hiked interest rates in 2022 and 2023, gold prices dipped (see chart). But in recent months, the US Fed has become less hawkish and more inclined to cut rates. Global gold prices have rallied on these expectations. “Gold prices could remain choppy in the months ahead as the market reacts to geopolitical developments. The medium term outlook for the precious metal is promising, given the imminent turn in the US interest rate cycle,” says Chirag Mehta, CIO, Quantum Mutual Fund. Gold has also rallied due to strong buying by central banks in the past few months. News reports say some countries are trying to reduce their US dollar reserves following the freezing of Russia’s reserves by the US and Europe, and are shifting to gold. “Increased buying of gold by central banks, especially China, in the quest to reduce dollar exposure (also called de-dollarisation), is the key reason for the spike in gold prices,” says Vidya Bala, Co-founder, PrimeInvestor.in.

Investing smartly, consistently, and starting early lays the foundation for your money to grow over time. Diversification is the cornerstone of intelligent investing, essential for managing risks effectively when investing for the long haul. By diversifying your portfolio, you spread your investments across various assets, reducing the impact of potential losses from any single investment.

As blue-chip cryptocurrencies consolidate within recent ranges, with Bitcoin (BTC) continuing to swing either side of $70,000, traders and investors are looking for the best crypto to buy now in the altcoin market that might offer the prospect of quick gains.

Fidelity Investments has launched three new liquid alternatives ETFs, enhancing its $14 billion alts lineup.

The Bitcoin market is currently witnessing a fascinating dynamic, with ETFs significantly ramping up their Bitcoin purchases to an impressive $113.5 million on Wednesday, starkly contrasting with the outflows observed at the beginning of the week. This resurgence in interest, particularly amidst Grayscale’s reduction in selling from $300 million to $75 million, underscores a pivotal shift in investor sentiment and strategy.

cutting interest rates in the second half of this year. The RBI is also expected to follow the US Fed by cutting interest rates. Let us understand whether this is a good time to invest in debt funds.

Following a slow day of news that saw Bitcoin (BTC) trade in rangebound fashion in the $70,000-71,000 area, traders are turning to the altcoins markets as they hunt for the best crypto to buy now that could deliver quick gains.

Despite $170 million in trading volumes coming in on Thursday, the Floki (FLOKI) price has declined 3% to below $0.00020, with some concerned that the meme coin could soon experience a deeper pullback.

In this article

BlockDAG’s unveiling of the V2 Whitepaper, the DAGpaper, in Las Vegas signifies a monumental breakthrough in the crypto realm. Amidst optimistic forecasts for SHIB’s price and Ethereum’s Layer-2 solutions, BlockDAG’s $15.8 million presale surge cements its status as a trailblazer, setting the stage for exponential growth in the crypto market.

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.

Ethereum (ETH) is classified as a security, a spot Ethereum exchange-traded fund (ETF) might still be possible. The recent launch of several Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC) was a positive step for the crypto industry, offering investors a clearer path to participate in the virtual digital asset class. This regulatory progress has fueled optimism within the crypto space, with many anticipating a similar green light for Ethereum ETFs in the near future. The success of Bitcoin ETFs, alongside the ongoing price rally, has undeniably instilled a sense of excitement about the potential of Ethereum and the broader blockchain landscape.

stock market, the Nifty 50 index has risen 4.65 percent in 2024, the BSE Sensex has surged 3.83 percent whereas the Bank Nifty index has risen nearly 1.56 percent this year. So, it is clear that despite all these assets climbing to a new peak in 2024, gold and silver have outshined the key benchmark indices of the Indian stock market in YTD time.

This year’s massive crypto rally was driven by the Bitcoin spot market, with on-chain analysis offering a unique look into the current state of the market cycle, according to Glassnode.