ETF Financial News

As the number of exchange-traded funds around the world exploded over the past decade, active strategies saw a boom in North America even as the region remains cool on ESG investments, according to a new report.

On February 22, the European Central Bank (ECB) described Bitcoin as a ‘dead cat’ and criticized its use in criminal activities on the darknet. These remarks have ignited a backlash from the crypto community, questioning the ECB’s stance and credibility.

The rally in tech stocks is showing no signs of slowing down as investors continue to pile into the sector due to the nonstop buzz related to artificial intelligence (AI).

In the first half of the week, Bitcoin held onto the $51,700 support, a level we've been monitoring since February 15.

Bitcoin ETFs had their first day of net negative outflows for the month of February on Wednesday– a possible sign that hype around the investment vehicles is starting to die down.

Bitcoin is still a pernicious phenomenon with no intrinsic value despite its US approval as an asset for inclusion in Exchange-Traded Funds, two European Central Bank staff members wrote. The blogpost on Thursday by Ulrich Bindseil, the Frankfurt institution's market infrastructure and payments director general, and Juergen Schaaf, an adviser, reiterates their long-held view that the digital currency presents risks to both society and the environment.

By Ashitha Shivaprasad and Manya Saini

In a blog post published by the European Central Bank, Ulrich Bindseil, director general of market infrastructure and payments and Jürgen Schaaf, an advisor to the central bank, say that for bitcoin lobbyists the formal approval by the SEC confirms that Bitcoin investments are safe and the preceding rally is proof of an unstoppable triumph. In the mid-2010s, the hope that bitcoin's value would inevitably rise to ever new heights began to dominate the narrative. But bitcoin is neither suitable as an investment or even as a real-world means of payments, the blog argues. Bindseil and Schaff believe that lower interest rates and the SEC green light have opened the floodgates to Wall Street for bitcoin, promising large inflows of funds, "the only effective fuel in a speculative bubble".

Nvidia inched closer to $2 trillion market value after the bellwether for AI chip demand once again exceeded Wall Street's sky-high expectations, re-igniting a global rally in tech stocks. The chip supplier is set to reclaim its spot as the third most valuable U.S. company as shares surged 13.5% before the bell on Thursday. If gains hold, Nvidia will add more than $230 billion to its market capitalization.

Bitcoin (BTC) has recorded massive growth in price amid institutional inflows this year following spot ETF approval by the United States Securities and Exchange Commission (SEC).

Grayscale, the world’s largest crypto asset manager, is looking to invest in the emerging market for data privacy with a new exchange-traded fund.

Fundstrat analyst Tom Lee believes Bitcoin (BTC)’s price could reach $150,000 by the end of the year, rising 3X from its current value.

According to Bloomberg, Ethereum has recorded higher growth than Bitcoin this year, thanks to speculations regarding a possible spot Ethereum ETF.

Bitcoin is riding high. The world's largest cryptocurrency has leapt 22% this year to $52,005, pushing it past a market value of $1 trillion mark for the first time since its record heyday of late 2021.

₹6 trillion. Data from DSP Mutual Fund shows the six-month average volume of a large liquid stock like Reliance Industries Ltd (RIL) is ₹1,948 crore vs ₹78 crore volume of Nippon India ETF Nifty 50 BeEs, one of the most liquid equity ETFs in India (4% of RIL). The six-month average volume of Apple is nearly 26.15% of the SPDR S&P500 ETF. What are your suggestions to tackle the liquidity problem in ETFs? On the NYSE, 5 out of the top 10 traded securities are ETFs.

Nvidia's (NASDAQ:NVDA) earnings report on Wednesday afternoon is set to pose a critical test for the AI-led market rally.

Passives took in £2.2bn of inflows in January, of which £1.3bn headed to mutual funds and £855m to ETFs, which Dewi John, head of research for UK and Ireland at LSEG Lipper, said signalled «more action» for ETFs. This compares to December 2023, when passive mutual funds gathered £3.5bn inflows as ETFs shed £41m. Within bonds, passive funds gained £809m, while ETFs attracted £552m. Across equities, passive funds gathered £452m inflows, while investors poured £290m into ETFs. Bond funds as a general asset class also saw this trend, netting £1.1bn in what was described as a «tale of two ...

exchange-traded funds (ETFs) changing hands on the National Stock Exchange (NSE) surpassed ₹1 trillion in the first nine months of 2023-24, and for the second year in a row, reported Business Standard. The traded value has touched ₹1.19 trillion so far in fiscal 24, which is already double the pre-pandemic volumes, as per the Nifty Passive Insights report. The data for December has been released with a lag.

According to customer updates published on Circa5000's website, the firm sent an email to clients on 9 February to confirm they are happy to move their accounts to AJ Bell.  The transition to AJ Bell automatically begins on 19 April and account holders will keep access to their Circa5000 account until then. There will be no transfer fees to clients, although they will switch over to the AJ Bell fee structure. BNP Paribas AM joins active fixed income ETF market with two ESG-focused launches Circa5000 said the deadline for those who do not wish to transfer to AJ Bell to have their al...

Effective from 8 April, O'Connor will be responsible for driving the firm's strategy, «reinvigorating» its product suit and leading the team into a «new, growth-focused era». Prior to joining Global X, he was global head of ETF product at Goldman Sachs Asset Management. He was originally hired by the firm in 2017 to build its US fund strategist model portfolio business. Global X ETFs CIO to exit amid senior management exodus O'Connor also spent over a decade at State Street Global Advisors, where he led product and capital markets teams for the SPDR ETF franchise. Hyeon-Joo Park...

Bitcoin (BTC)  exchange-traded funds (ETFs) in the United States have witnessed a remarkable surge in trading volume, reaching the highest levels since their debut last month.