Americas ETP News for the Past Year
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DTCC rules out collateral for Bitcoin-linked ETFs
April 26, 2024--This notice means that exchange-traded funds and similar investment instruments with Bitcoin or other cryptocurrencies as underlying assets will not be assigned any collateral value.
The Depository Trust and Clearing Corporation (DTCC)-a financial services company that provides clearing and settlement services for the financial markets-stated that it will not allocate any collateral to exchange-traded funds (ETFs) with exposure to Bitcoin or cryptocurrencies and will not extend loans against them.
DTCC's announcement states that effective April 30, 2024, the DTCC will implement changes to collateral values for specific securities during its annual line-of-credit facility renewal, potentially affecting position values in the collateral monitor.
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Source: cointelegraph.com
US SEC expected to deny spot ether ETFs next month, industry sources say
April 25, 2024--U.S. issuers and other firms expect the Securities and Exchange Commission to deny their applications to launch exchange-traded funds (ETFs) tied to the price of ether after discouraging meetings with the agency in recent weeks, four people said.
VanEck, ARK Investment Management and seven other issuers have filed with the SEC to list ETFs that would track the spot price of the world's second-largest cryptocurrency after bitcoin. The SEC must decide on VanEck's and ARK's filings, which are first in line, by May 23 and May 24 respectively.
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Source: reuters.com
HANetf lists ESG India Internet & Ecommerce ETF in Mexico
April 24, 2024--HANetf has listed INQQ India Internet & Ecommerce ESG-S UCITS ETF (INQQ) on Bolsa Mexicana de Valores (BMV) in Mexico.
INQQ is Europe's first ESG India Internet ETF and provides exposure to ESG-screened India internet and ecommerce companies.
INQQ is classified as Article 8 under the Sustainable Finance Disclosure Regulation (SFDR).[1]
HANetf now has 11 products listed on Mexican stock exchanges.
HANetf, Europe's first and only independent white-label UCITS ETF and ETC platform[2], and leading provider of digital asset ETPs, is delighted to announce that INQQ India Internet & Ecommerce ESG-S UCITS ETF (ticker: INQQ) is now trading on Bolsa Mexicana de Valores (BMV) in Mexico.
INQQ was launched in November of last year and provides investors with exposure to India internet and ecommerce companies. The ETF was launched with HANetf's long-time partners EMQQ Global, who previously launched EMQQ Emerging Markets Internet & Ecommerce UCITS ETF (EMQQ), which currently has over $120 million assets under management (AUM). INQQ also has a US-listed sister ETF, with $34.03 million AUM.
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Source: hanetf.com
