ETF Financial News

BlackRock executives held another meeting with the Securities and Exchange Commission (SEC) on Tuesday to discuss the firm’s application to launch a Bitcoin (BTC) spot ETF in the United States.

The demand for institutional investors for Bitcoin (BTC) became evident on Nov. 10 as the Chicago Mercantile Exchange (CME) Bitcoin futures flipped Binance's BTC futures markets in terms of size. According to BTC derivatives metrics, those investors are showing strong confidence in Bitcoin's potential to break above the $40,000 mark in the short term.

By Medha Singh and Saqib Iqbal Ahmed

Stocks on Wall Street are on track to close out 2023 on a solid note with investors growing increasingly optimistic that that the Federal Reserve may be done raising rates amid cooling inflation and as the economy holds up better than expected.

The scandals of recent years have taken a profound toll on the credibility and trust of the cryptocurrency sector. However, with the SBF trial behind us, Binance’s settlement with the DoJ, and the promise of a Bitcoin ETF creating a positive buzz in the markets, it feels like the industry is at a pivotal moment.

The United States Securities and Exchange Commission (SEC) wants public opinion on the spot Bitcoin (BTC) ETF applications of Franklin Templeton and Hashdex.

Neelkanth Mishra, Chief Economist, Axis Bank, says “biggest risk right now is the global cost of capital, the risk-free rate, the US treasury yield is likely to spike up again when the world starts observing how bad the US fiscal condition is and also the after effects of the crowding out that the US government is doing which is driving significant dollar shortages in the rest of the world. So, the global outlook still looks pretty bleak to me.” What is your view of the world? You are forcing me to start with a negative comment. I am very worried about the world. I think the financial markets are ignoring some very meaningful risks. I am just hoping that we are able to navigate them and the regulators in the west are able to navigate them with some ease. So, the biggest risk right now is the global cost of capital, the risk-free rate, the US treasury yield is likely to spike up again when the world starts observing how bad the US fiscal condition is and also the after effects of the crowding out that the US government is doing which is driving significant dollar shortages in the rest of the world. So, the global outlook still looks pretty bleak to me.

Meanwhile, the crypto regulatory landscape faces renewed scrutiny in Hong Kong as news surfaces of the Hounax exchange founders’ disappearance, allegedly absconding with $19 million.

new fund offers (NFOs) in gold ETFs recently. Even Baroda BNP Paribas mutual fund house launched its Baroda BNP Paribas Gold ETF on November 28, 2023, thus, adding to the list of AMCs allowing prospective investors to invest in gold through exchange-traded funds (ETFs). Repeated instances in historical data consistently demonstrate that gold serves as a reliable safeguard against inflation.

Bitcoin, as it traded within the range of US$37,000 to US$37,600. The market's equilibrium during this period can be attributed to the prevailing regulatory uncertainty in the United States. Investors are digesting the fallout from regulatory actions taken against some players in the industry. Amidst this, optimism lies in the anticipation of the approval of a spot Bitcoin exchange-traded fund (ETF). However, recent indications suggest that the U.S. Securities and Exchange Commission (SEC) might defer this decision until 2024. Currently, Bitcoin is trading at the US$37,400 level, reflecting a 3% increase on the weekly chart, a 7% gain month-to-date, and an impressive 125% surge year-to-date. The cryptocurrency is consolidating its position and may initiate another rally if it successfully surpasses the US$38,000 resistance zone. If not, it could trigger a fresh decline, with immediate support situated at the US$37,200 level. Meanwhile, Ethereum is currently positioned above the US$2,000 level, consolidating gains and eyeing potential advancement toward the US$2,150 level.

By Jason Xue and Tom Westbrook

Sovereign Gold Bonds (SGBs) are a unique investment avenue that combines the attributes of gold with the convenience of bonds. These bonds are issued by the Reserve Bank of India, aiming to provide individuals with an opportunity to invest in gold without physically owning it. Introduced in 2015, SGBs serve as an alternative to physical gold and other investment instruments like gold ETFs, offering investors an avenue to diversify their portfolios and gain exposure to the value of gold while earning interest.

Bitcoin climbed back above $38,000 on Tuesday amid optimism the US central bank may be closer to lowering borrowing costs if inflation continues to decline. The largest cryptocurrency by market value gained as much as 3.3% to $38,264 before trimming the increase. Bitcoin reached an 18-month high of $38,422 on Friday. Lower rates generally increase investors’ appetite for riskier assets such as digital tokens. “As rates reverse, investors will return to risk assets in search of better returns,” said Michael Safai, partner at quantitative trading firm Dexterity Capital. “This, coupled with the momentum that crypto has built in recent months with ETFs and putting FTX in the rear-view mirror, has traders feeling like the conditions for a new bull run are coming together.” Federal Reserve Governor Christopher Waller said he’s encouraged by a recent slowing of economic activity, which may indicate the central bank’s policy is tight enough. He made the comments as part of prepared remarks Tuesday for an event at the American Enterprise Institute in Washington.

The United States Securities and Exchange Commission has announced the next steps in its consideration of the proposed Franklin Templeton and Hashdex spot Bitcoin (BTC) exchange-traded fund (ETF) bids.

Gold has been a bright spot in client portfolios so far in 2023, rising more than 10% and offering investors something tangible – even in ETF form – in an increasingly uncertain geopolitical environment.

The Chicago Mercantile Exchange (CME) has long been the home of crypto for traditional finance investors, and this is unlikely to change — even with the approval of a Bitcoin spot ETF.

Brooks Friederich is a little-known figure in the world of investment advisory, even among the Wall Street cognoscenti. Yet every year, the 39-year old — and his Berwyn, Pennsylvania-based employer Envestnet — helps steer billions of dollars into tailor-made strategies for financial advisers, part of what’s known as the model portfolio boom.

By Bansari Mayur Kamdar

Bitcoin (BTC) may suffer when the first spot exchange-traded fund (ETF) is approved by the United States, a new warning says.

FREE gold IRA guide. This guide contains all the information about tax benefits of precious metals IRAs, associated fees, as well as everything that you need to know about the rollover process. Gold individual retirement accounts are a good way to strengthen your retirement portfolio's resilience against market volatility and economic unpredictability.

Bullish signals from U.S. stock futures flows are diminishing, with mixed flows leaving positions neutral for the Nasdaq and slightly bearish for the S&P 500, according to Citigroup strategists.