Americas ETP News for the Past Year
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Westwood Hires Chris Doran as Head of ETF Distribution & National Accounts
August 14, 2024--Highly experienced senior sales leader Doran underscores Westwood's commitment to further expanding its exchange-traded fund (ETF) platform
Doran has a 25-year proven track record in ETF sales in the financial intermediary channel
Westwood Holdings Group ("Westwood") (NYSE: WHG), today announced that Chris Doran has joined the company as Head of ETF Distribution and National Accounts. Doran will report to Dave Linton, Managing Director and Head of Distribution at Westwood.
The addition of Doran further reinforces the company's commitment to expanding its ETF platform and suite of products.
In April 2024, Westwood launched its first exchange-traded fund ("ETF"), the Westwood Salient Enhanced Midstream Income ETF (NYSE: MDST), and launched its second ETF, the Westwood Salient Enhanced Energy Income ETF (NASDAQ: WEEI), in May 2024.
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Source: Westwood Holdings Group Inc
Morgan Stanley Faces Heightened Regulatory Risks Following Bitcoin ETF Offer
August 11, 2024-Former SEC Chief of Web Enforcement John Reed Stark has acknowledged that Morgan Stanley's newest transfer to introduce a wide-scale supply of Bitcoin exchange-traded funds (ETFs) to its clientele will possible lead to increased regulatory scrutiny for the American financial institution.
This growth comes amidst a number of commendations of Morgan Stanley from the crypto group in implementing what might be a big pro-adoption coverage.
Earlier this week, the Wall Avenue large introduced plans to permit 15,000 of its licensed monetary advisors to begin pitching the Bitcoin spot ETFs to shoppers. Particularly, Morgan Stanley will grant clients entry to investing in BlackRock's iShares Bitcoin Belief (IBIT) and Constancy's Smart Origin Bitcoin Fund (FBTC).
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Source: recentlyheard.com
SEC Delays Decision on Hashdex's Spot Bitcoin-Ethereum ETF, Extends Review Until September
August 10, 2024--The SEC delays Hashdex's combined spot Bitcoin-Ethereum ETF decision, new deadline in September 2024.
Hashdex Nasdaq Crypto Index US ETF offers direct exposure to Bitcoin and Ethereum, tracking the NCIUSS.
This delay follows recent developments regarding options trading for other spot Bitcoin and Ethereum ETFs.
The US Securities and Exchange Commission (SEC) has extended its review period for Hashdex's proposal for a combined spot Bitcoin and Ethereum exchange-traded fund (ETF).
If approved, the Hashdex Nasdaq Crypto Index US ETF would provide investors with direct exposure to Bitcoin (BTC) and Ethereum (ETH).
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Source: beincrypto.com
CBOE Resubmits Application for Bitcoin ETF Options as Approval Looms
August 9, 2024--Bloomberg ETF analyst James Seyffart said there is "definitely some movement on Bitcoin ETF options."
CBOE has withdrawn its original application for options on spot Bitcoin ETFs, only to resubmit a more comprehensive version almost immediately.
Following the move, Bloomberg ETF analyst James Seyffart said on X that there is "definitely some movement on Bitcoin ETF options."
Seyffart clarified that the new filing, a 44-page document, replaced the original 15-page application.
The updated filing includes more detailed information, particularly regarding position limits and concerns over market manipulation.
This suggests that the SEC may have provided feedback, leading to the enhanced application.
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Source: cryptonews.com
Brazil Becomes World's First In Approving Spot Solana ETF, Pumping $SOL Above $163
August 9, 2024--Brazil's SEC is the first worldwide to have approved a spot Solana ETF
$SOL's price broke above $163 at one point Thursday after word spread about the milestone
The US SEC is yet to approve VanEck's application for a Solana ETF
Brazil is now the world's leader in spot Solana ($SOL) exchange-traded funds (ETFs) as it became the first country to give the green light to a $SOL ETF. The news pumped the cryptocurrency's price in the last 24 hours, giving hope to the community that other crypto ETFs will soon become a reality.
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Source: ibtimes.com
JPMorgan AM introduces Fundamental Data Science ETF Suite
August 9, 2024--The JPMorgan Fundamental Data Science (FDS) Suite has been introduced by JPMorgan Asset Management (JPMAM) on the Nasdaq Stock Exchange.
$SOL's price broke above $163 at one point Thursday after word spread about the milestone
As a result, the JPMorgan Fundamental Data Science Large Core ETF (LCDS), JPMorgan Fundamental Data Science Mid Core ETF (MCDS), and JPMorgan Fundamental Data Science Small Core ETF (SCDS) are the three new active ETFs that make up The Suite, and they use data science into the building of their portfolios.
The adviser manages the funds using an effective investment strategy that combines data science to create a fundamentally selected equities portfolio.
This data science-based investment strategy is being implemented in two strategies with over $15bn in total assets under management: the JPMorgan Applied Data Science Value Fund (JPIVX) and the equity portfolio that underpins the JPMorgan Nasdaq Equity Premium Income ETF.
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Source: ibtimes.com
Goldman Sachs Launches Preferred Stock ETF For High Income
August 9, 2024--Goldman Sachs Asset Management has introduced a new preferred stock ETF-its fifth fund for 2024. The Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (GPRF) began trading on August 8, according to a company press release.
GPRF aims to provide investors with high monthly income, the release said. It does so through exposure to U.S. preferred stocks and hybrid securities.
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Source: finance.yahoo.com
