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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
Webull Launches Overnight Trading in the United States
November 12, 2024-New feature enables retail investors to trade 24 hours a day, 5 days a week
Webull, a leading digital investment platform, today announced the launch of Overnight Trading, powered by Blue Ocean ATS to expand trading hours for its users in the United States.
As retail investors increasingly expect to trade at all hours of the day, this feature provides Webull users with the flexibility to make educated investments on their own time.
The 24/5 Overnight Trading session will operate from 8:00 pm to 4:00 am ET Sunday through Thursday, giving users the opportunity to trade in and out of U.S. stock and ETF positions during the overnight session.
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Source: Webull Financial LLC
Fundstrat Capital LLC together with Tidal Global Financial announces the listing of The Fundstrat Granny Shots US Large Cap ETF, on NYSE, Arca, under the ticker GRNY
November 7, 2024-The Fundstrat Granny Shots US Large Cap ETF ticker GRNY, represents the best of Fundstrat Capital's views regarding how to invest in large cap US equities. GRNY utilizes a rigorous "granny shot" research process to identify the most important themes driving the economy and US equity market, select those stocks which benefit from the tailwinds generated by those themes, leading to a 20-50 stock portfolio of large cap US equities.
The GRNY ETF employs an active top-down thematic approach combined with a quantitative bottom-up model, offering investors a differentiated approach likely absent from their asset allocation.
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Source: Fundstrat Capital
MSTX, The First Leveraged MicroStrategy ETF Surpasses $1 Billion
November 12, 2024--Defiance ETFs, a leading provider of thematic and leverage-focused exchange-traded funds, is thrilled to announce that its MSTX ETF (Daily Target 2X Long MSTR ETF) has surpassed $1 Billion in assets under management (AUM). This milestone underscores the strong investor demand and confidence in the product's innovative approach to offering amplified exposure to MicroStrategy Inc. (MSTR), a company known for its substantial Bitcoin holdings and cutting-edge data analytics solutions.
Key Highlights:
Unprecedented Growth: The MSTX ETF's rapid ascent to $1 billion in AUM reflects investors' growing interest in leveraged strategies and their desire to capitalize on the high volatility and significant movements in MicroStrategy’s stock.
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Source: Defiance ETFs
GraniteShares new Short and Leveraged Single Stock ETF launches Highlights: 2X Micron, 2X Taiwan Semiconductor and 2X CrowdStrike
November 12, 2024--Today, GraniteShares, an ETF issuer specializing in high conviction ETFs, announced that it has added three new short & leveraged single-stock ETFs to its existing lineup. The new ETFs will bring the total number of short and leveraged ETFs that GraniteShares offers to 19.
These new additions will aim to replicate +2X the daily variations of their underlying stocks: Micron Technology (MU), Taiwan Semiconductor (TSM) and CrowdStrike (CRWD)
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Source: GraniteShares
Digital Asset Investment Management (DAIM) Launches Crypto Financial Planning Service
November 8, 2024--Revolutionizing Traditional Financial Planning with a Futuristic Approach
Digital Asset Investment Management (DAiM), the pioneering asset management firm, introduces a holistic Crypto Financial Planning Service.
The service is designed to help clients strategically incorporate digital assets into their financial plans.
This move positions DAiM at the forefront, beyond simple asset management, to provide clients with a clear path to long-term financial stability in an increasingly crypto-integrated market. While some investors still rely on bitcoin ETFs or stocks like MicroStrategy (MSTR) for crypto exposure, DAiM's innovative service showcases the advantages of direct crypto investments. It offers proactive management of opportunities, such as transitioning from crypto-linked stocks to direct bitcoin. DAiM's seasoned advisors empower clients with the knowledge, strategy, and confidence required to navigate the complex and evolving digital asset landscape securely and effectively.
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Source: Digital Asset Investment Management
Fundstrat Capital LLC together with Tidal Global Financial announces the listing of The Fundstrat Granny Shots US Large Cap ETF, on NYSE, Arca, under the ticker GRNY
November 7, 2024-The Fundstrat Granny Shots US Large Cap ETF ticker GRNY, represents the best of Fundstrat Capital's views regarding how to invest in large cap US equities. GRNY utilizes a rigorous "granny shot" research process to identify the most important themes driving the economy and US equity market, select those stocks which benefit from the tailwinds generated by those themes, leading to a 20-50 stock portfolio of large cap US equities.
The GRNY ETF employs an active top-down thematic approach combined with a quantitative bottom-up model, offering investors a differentiated approach likely absent from their asset allocation.
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Source: Fundstrat Capital