ETN Financial News

Recognizing the potential benefits of Bitcoin‘s role as a portfolio diversifier, asset managers have been actively increasing their Bitcoin allocations.

London Stock Exchange to launch Bitcoin and Ethereum ETN market on May 28 “Even though ETF inflows have hit a drag, order books are loaded on the bid side around the 60k area, showing that the market is eager to buy the dip. You need to go get the liquidity at lower levels to then catch a bid and generate momentum to go higher," Nathanaël Cohen, co-founder at digital-asset hedge fund INDIGO Fund, was quoted as saying by Bloomberg. The recent surge in Bitcoin ETF demand has significantly fueled this year's remarkable rally in the leading cryptocurrency.

Also Read: Bitcoin spikes 5% as cryptos continue to surprise investors. What lies ahead for digital currencies? However, the market will be subject to the approval of the UK regulator, the Financial Conduct Authority (FCA). “We have decided to launch the market in Crypto ETNs on 28 May 2024 to enable the maximum number of issuers to be present in the market on the first day of trading," the London Stock Exchange notice said.

In its business plan for the year ahead published today (19 March), the regulator said the increase is subject to consultation from April and will be formally set in its policy statement in June. The total sum, however, will be net of rebates from the financial penalties collected, which the FCA has forecast at around £35.1m. FCA to allow professional access to crypto ETNs but retail ban remains in place Similarly, the watchdog's budget for its ongoing regulatory activities is also set to rise by 9.7% from last year to £729.1m, due to the new charges reflecting the FCA's responsibi...

Bitcoin prices rallied on Monday to hit a fresh record high above $71,000, after the British financial watchdog said it would allow institutions to file applications for cryptocurrency-linked exchange-traded products for the first time.

According to this morning's (11 March) update, any exchange which opts to make these products available to professional investors must ensure sufficient controls are in place to allow orderly trading and proper protections, while the cETNs must meet all requirements of the UK listings regime. 'Watershed moment' for crypto as SEC approves 11 spot bitcoin ETFs However, while the FCA now believes exchanges and professional investors can assess whether cETNs meet their risk appetite thanks to «increased insight and data due to a longer period of trading history», the watchdog has maintain...

The arrival of a U.S. investment strategy that offers amped-up stock leverage is putting a spotlight on an industry popular with retail traders, but prone to extreme volatility and frequent blow-ups.

Quiver Quantitative — The recent launch of the MAX S&P 500 (SPY) 4X Leveraged ETNs, trading under the ticker 'XXXX', (XXXX) has brought exchange-traded notes (ETNs) back into the financial spotlight. Promising to quadruple the daily returns of the S&P 500, these ETNs represent the highest-leveraged trade currently available to U.S. investors. Issued by the Bank of Montreal (BMO) and MAX, their brand for leveraged and inverse products, these ETNs are marketed primarily to sophisticated investors who can actively manage their investments. However, with a fee of 0.95% and the high risk associated with such leveraged products, financial experts, including Dave Nadig from VettaFi, have raised concerns about the potential risks and costs to investors.

A new product puts the leverage of high-powered hedge funds in the hands of the regular investor, allowing them to make a bet that moves 4 times the direction of the stock market on any given day.

China Sea, and in the recent transfer of naval aviation assets into the hands of the PLA Air Force. On 5 August, forces of the PLA Navy (PLAN), China Coast Guard (CCG) and People's Armed Forces Maritime Militia combined to prevent Philippine Coast Guard vessels from resupplying a dozen marines aboard BRP Sierra Madre, a rusting vessel that forms a Philippine military outpost at Second Thomas Shoal in the Spratly Islands.

With the first half of the year on the books, financial advisors who were able to catch the wave of growth and technology stocks are likely feeling good about what lies ahead, even if that is clouded somewhat by the reality of inflation and the risk of a recession.

A new study by Arcane Research has stated that the global Bitcoin ETP holdings have reached an all-time high. The month of May was already a productive month for ETPs but June has already witnessed the momentum soar higher. However, the ETP holdings are not consistent across the world with Europe still indicating the rule of the bears.

Bitcoin has been toughing it out this month and the question now shifts to how its investment products are performing. Looking at the stats, it has become apparent, that where the king coin is lacking, Litecoin and Solana are gaining.