Americas ETP News from the Past 3 Months thru 1 Year
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SEC Chair Gensler to Depart Agency on January 20
November 21, 2024--Gensler implemented reforms to enhance efficiency, resiliency, and integrity in U.S. capital markets; agency held wrongdoers accountable and returned billions to harmed investors.
The Securities and Exchange Commission today announced that its 33rd Chair, Gary Gensler, will step down from the Commission effective at 12:00 pm on January 20, 2025.
Chair Gensler began his tenure on April 17, 2021, in the immediate aftermath of the GameStop market events. He led the agency through a robust rulemaking agenda to enhance efficiency, resiliency, and integrity in the U.S. capital markets. He also oversaw high-mpact enforcement cases to hold wrongdoers accountable and return billions to harmed investors.
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Source: sec.gov
FIRE Funds Launch First Suite of ETFs Tailored to the Financial Independence, Retire Early (FIRE) Community
November 19, 2024--FIRE Funds have officially launched two new ETFs: the FIRE Funds Wealth Builder ETF (FIRS) and the FIRE Funds Income Target ETF (FIRI). These actively managed fund-of-funds are designed to help address the unique needs of the Financial Independence, Retire Early (FIRE) community, offering investment solutions aimed at supporting the journey toward financial independence.
Designed specifically to incorporate the core principles of the FIRE movement into an ETF structure, FIRS and FIRI provide investors with a thoughtful approach to navigating the path to financial freedom. The FIRE philosophy is rooted in disciplined saving, strategic investing, and intentional living. Many followers of FIRE focus on achieving independence through careful wealth-building and choosing work that aligns with personal goals, rather than the obligation of earning. They emphasize living intentionally, prioritizing long-term goals over short-term indulgences, and making mindful decisions that support their financial independence journey.
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Source: FIRE ETFs
Defiance ETFs Hits $3 Billion in AUM
November 19, 2024--Defiance ETFs, a leader in leveraged, income, and thematic ETFs, has hit a major milestone, surpassing $3 billion in assets under management (AUM). This achievement reflects the strong demand for Defiance's innovative first-mover ETFs.
"Hitting $3 billion in AUM highlights the trust investors have in our ETFs," said Sylvia Jablonski, CEO of Defiance ETFs.
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Source: Defiance ETFs
Bitcoin ETF Options Debut With Strong Trading Volumes on Nasdaq
November 19, 2024--73,000 iShares Bitcoin Trust ETF contracts were reportedly traded within the first hour of its listing.
The introduction of Bitcoin ETF options is expected to encourage the creation of new funds with diverse strategies.
Options based on BlackRock's iShares Bitcoin Trust ETF (IBIT) started trading today (Tuesday), opening a new phase in cryptocurrency investment. In just 60 minutes, the fund posted 73,000 contracts traded on the Nasdaq, ranking the top 20 most active nonindex options, CNBC reported.
Options offer investors an alternative way to hedge their Bitcoin exposure or speculate on its price. The IBIT options, launched on the Nasdaq, have quickly gained traction with their high trading volumes.
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Source: financemagnates.com
China ETF Outflows Increase as Traders Flee on Trump Tariff Risk
November 18, 2024-- FXI sees largest weekly outflow on record of $984 million
Investors await clarity on Trump's tariffs, China stimulus
Exchange-traded funds that buy Chinese stocks continue to see outflows amid rising concerns over the nation's growth outlook and the risk of new tariffs under a Donald Trump administration.
The $8.2 billion iShares China Large-Cap ETF, known by its ticker FXI, saw $984 million in outflows last week, the most on record, extending a five-week streak of withdrawals. The KraneShares CSI China Internet ETF, ticker KWEB, recorded $710 million in outflows over the same period.
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Source: bloomberg.com
Brown Advisory Launches First Active ETF with $913M in seed capital
November 18, 2024--Brown Advisory, a global investment management and strategic advisory firm overseeing approximately $170B in client assets*, today launched its first exchange-traded fund, the Brown Advisory Flexible Equity ETF (ticker: BAFE) (the "fund").
The fund is managed by Maneesh Bajaj, CFA, and mirrors the investment philosophy of Brown Advisory's Flexible Equity strategy.
The strategy has a 40 plus-year track record and has endured multiple market cycles and economic conditions, outperforming the S&P500 Index over a one, five, and ten year period**. Maneesh has served as a flexible equity portfolio manager for over 8 years, and the flexibility of the strategy provides him with the opportunity to consider various investment opportunities, from growth to value stocks across various market capitalization..
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Source: Brown Advisory
Bitcoin ETF options pass 'second hurdle' with CFTC clearance
November 16, 2024--The United States Commodity Futures Trading Commission (CFTC) has issued a notice "clearing the way" for spot Bitcoin exchange-traded fund (ETF) options. Analysts are now speculating the products could be listed imminently.
"Ball now in OCC's court, and they are into it, so they'll prob list very soon," ETF analyst Eric Balchunas wrote in a Nov. 15 X post.
CFTC steps back from any further 'role'
"Here. We. Go," ETF analyst James Seyffart added.
The CFTC's Nov. 16 statement announced the Division of Clearing and Risk's (DCR's) position "that the CFTC does not have any more role regarding the clearing of these options."
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Source: cointelegraph.com
CoinShares Showcases Strategic Excellence Through Successful Transformation of Valkyrie Business
November 15, 2024-CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm: CS; US OTCQX: CNSRF), the leading European investment firm specialising in digital assets, today highlighted its latest successful business transformation with Valkyrie (now CoinShares Valkyrie), its U.S.-based ETF business acquired in March 2024.
Since the acquisition, Valkyrie's assets under management (AUM) have grown significantly from approximately $110 million to over $1 billion, demonstrating CoinShares' ability to identify and develop valuable market opportunities.
This transformation is the latest example in CoinShares' series of successful strategic acquisitions and turnarounds. The Company has established a proven model of identifying businesses with strong fundamentals and transforming them into industry successes. Previous notable examples include XBT Provider, a Swedish company acquired in 2015 and now Europe's largest crypto ETP product by AUM, and Napoleon, a French quantitative asset manager operating under AIFMD regulation.
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Source: CoinShares International Limited
Motley Fool Asset Management Transfers TMFX and TMFE ETFs to Cboe-Motley Fool 100 Next ETF (TMFX) and Motley Fool Capital Efficiency 100 Index ETF (TMFE) Transition to Cboe for Unified Platform Presence
November 15, 2024-Motley Fool Asset Management, a registered investment advisor with the U.S. Securities and Exchange Commission (SEC) with proprietary ETFs, announced that its Motley Fool 100 Next ETF (Ticker: TMFX) and Motley Fool Capital Efficiency 100 Index ETF (Ticker: TMFE) are transitioning from NYSE Arca to the Cboe BZX Exchange on or around December 2nd.
"Our long-standing relationship with Cboe, beginning with our first ETF, makes this a natural choice for unifying our product suite on one exchange," said Kelsey Mowrey, President of Motley Fool Asset Management.
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Source: Motley Fool Asset Management, LLC
Roundhill Magnificent Seven ETF Surpasses $1 Billion in AUM
November 12, 2024--MAGS is the first and only U.S. listed ETF offering targeted exposure to the "Magnificent Seven" stocks.
Roundhill Investments, an ETF sponsor focused on innovative financial products, is pleased to announce that the Roundhill Magnificent Seven ETF (MAGS) has surpassed $1 billion in assets under management (AUM).1
MAGS is the only U.S. ETF offering precise exposure to the Magnificent Seven stocks- Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla.
The Magnificent Seven stocks have outperformed due to their strong market leadership, continued innovation in emerging technologies like AI, and robust financial performance. While the Magnificent Seven are large weights in many exchange-traded funds, MAGS is the only ETF to exclusively invest in the seven market leaders.
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Source: Roundhill Investments