ETF Financial News

Vanguard, one of the world’s leading asset management firms, has secured a substantial stake in MicroStrategy (MSTR), providing investors with indirect exposure to Bitcoin (BTC).

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exchange-traded fund (ETF) to track Bitcoin by the US Securities and Exchange Commission (SEC) has sent waves of excitement across the global cryptocurrency community. This development is not only an important milestone for crypto enthusiasts around the world, but also raises an important question for Indian investors – can they also participate in the Bitcoin ETF? Viram Shah, CEO of Vested Finance, said, «For Indian investors, the Bitcoin ETF will provide an opportunity to include crypto in their portfolio via the Liberalized Remittance Scheme (LRS) route.» Indian individuals can send money outside the country through the LRS route. Under the scheme, an individual can send a maximum of $250,000 to an overseas jurisdiction in a year. Like any investment, Bitcoin ETFs come with their own set of pros and cons. However, one notable advantage is that investors can gain exposure to Bitcoin through regulated entities, alleviating concerns about cryptocurrency storage.

Bitcoin price has experienced a notable decline, trading at $42,825 with a sharp decrease of nearly 7% on Saturday, marking its lowest level in 2024. This downturn comes amidst growing skepticism from Bitcoin’s leadership about its acceptance as a mainstream form of money.

₹2 crore) annually through the Liberalized Remittance Scheme (LRS), encompassing all overseas expenditures, including travel, education, and investments. Looking ahead, there's potential for Indian mutual funds to introduce products allowing investment in these US-based ETFs. Such 'feeder funds' would facilitate investments in the Indian rupee, with the same currency used for redemptions, and wouldn't count against the LRS limit.

₹500 per plan/option and in multiples of Re 1. There is no upper limit for investment.

DSP Asset Mutual Fund announced the launch of the DSP Nifty Healthcare ETF, an open-ended exchange-traded fund scheme replicating/ tracking the Nifty Healthcare index. The scheme opened for public subscription on January 11, 2024, and will close on January 25, 2024. The scheme re-opens for continuous sale and repurchase within five business days from the date of allotment.

The United States Securities and Exchange Commission (SEC) is on the verge of issuing conclusions on multiple spot Bitcoin exchange-traded fund (ETF) applications. This announcement comes at a crucial juncture for the cryptocurrency landscape. If this new breakthrough is successful, it has the potential to drastically alter the way digital assets are traded in the United States.

Wells Fargo Advisors, with close to 12,000 financial advisors across various business channels, said Friday that it was selling new spot bitcoin exchange-traded funds, but only when a customer asked for the security in a non-solicited trade or without any prompting from a salesperson.

When the Securities and Exchange Commission (SEC) decided to approve Spot Bitcoin ETFs for public trading on Wednesday, the deciding vote fell to chairman Gary Gensler.

TORONTO — Bitcoin is trading around levels not seen in nearly two years after a U.S. regulator approved 11 exchange-traded funds linked to the cryptocurrency, prompting calls that it’s a new era for digital money, but also for caution among investors.

(Reuters) -A raft of investment managers launched the first U.S. spot bitcoin exchange-traded funds (ETF) Jan. 11, in a milestone for the cryptocurrency industry that kicked off a fierce competition for market share.

By Hannah Lang and Suzanne McGee

While the approval of spot Bitcoin (BTC) exchange-traded funds (ETFs) in the United States will further lead to the institutionalization of Bitcoin, Kevin O’Leary — a Canadian venture capitalist and CNBC personality — told Cryptonews that institutions won’t want to use a spot Bitcoin ETF to invest in the asset class. He said:

The new spot Bitcoin ETFs made a significant impact when they debuted on Wall Street on Thursday, collectively amassing $4.5 billion in volume on their first day of trading.

This week, Bitcoin reached a significant milestone as the spot Bitcoin ETF finally gained approval, a process that took a decade to pay out.

Investing.com -- JPMorgan and Bank of America are among a slew of major U.S. banks set to report their quarterly earnings on Friday. Markets will likely be keeping tabs on how the companies are bearing the weight of higher interest rates and expenses related to the collapse of regional banks last year. Elsewhere, demand for spot Bitcoin exchange-traded funds soars in the first trading day after the U.S. Securities and Exchange Commission approved them in a landmark decision.

Contrary to expectations of a massive influx of fresh capital, JPMorgan analysts suggest that spot Bitcoin (BTC) ETFs may experience up to $36 billion in inflows redirected from existing cryptocurrency instruments.

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The Japanese brokerage and financial services firm, Monex Group, has announced a significant move in the cryptocurrency sector. It plans to acquire a majority stake in 3iQ Digital Holdings, a Canadian digital asset investment fund manager. This acquisition is priced at $39.8 million, marking a pivotal moment for Monex Group in its journey to expand its crypto business​​​​.

In the ever-evolving landscape of digital currencies, Bitcoin has once again captured the financial world’s attention. Amid a backdrop of significant market movements, Bitcoin is currently trading at $45,986, marking a decrease of 1.20 percent as of Friday. This recent fluctuation comes on the heels of landmark approvals for Bitcoin Exchange-Traded Funds (ETFs), which have catalyzed a surge in both trading activity and prices.