Americas ETP News
If your looking for specific news, using the search function will narrow down the results
Tiny Issuer Thinks It Just Got the Edge in Race for Bitcoin ETF
August 24, 2021--Valkyrie Investments reckons it just vaulted to the front of the queue for approval from the Securities and Exchange Commission for the first U.S. Bitcoin exchange-traded fund thanks to a quirk that allows smaller issuers to file confidentially for new offerings.
The Nashville, Tennessee-based firm two months ago sought regulatory permission for a futures-based fund, likely the first company to do so before an onslaught by others following positive comments on the structure by the SEC. The request was revealed Tuesday after the Nasdaq exchange, where the Valkyrie XBTO Bitcoin Futures Fund would be listed, filed a response to the SEC.
view filing
Source: bloomberg.com
Coinbase slammed for what users say is terrible customer service after hackers drain their accounts
August 24, 2021--CNBC interviewed Coinbase users across the country and found thousands of customer complaints against the company.
The interviews and complaints revealed a pattern of account takeovers, where users see money suddenly vanish from their account, followed by poor customer service from the company.
Coinbase's customer service has been primarily via email, and many customers say it is hard to reach representatives and that they have not been made whole for their losses.
Former employees say the company's customer service practices shifted over time, with representatives struggling to keep up with demand.
A spokesperson for the cryptocurrency exchange said the company is working on customer service and soon rolling out more support channels.
view more
Source: cnbc.com
Asset managers rush to file applications for bitcoin futures ETFs
August 23, 2021--SEC chair says such funds could win regulatory approval but analysts think investors might stay away
At least four asset managers have filed for ETFs that invest in bitcoin futures after Securities and Exchange Commission chair Gary Gensler earlier this month indicated that he could approve such funds.
But investors may not want them in lieu of physically backed bitcoin ETFs, analysts have said.
view more
Source: ft.com
Citi considering bitcoin futures trading for some institutional clients
August 23, 2021--Citigroup Inc (C.N) is considering offering bitcoin futures trading for some institutional clients, a spokesperson for the bank said on Tuesday, citing increased demand in the cryptocurrency space.
Bitcoin prices rose past $50,000 on Monday, after having weathered a crackdown by Chinese authorities on domestic cryptocurrency mining companies earlier this year, as mainstream adoption by corporations and the wider public gathers pace.
view more
Source: reuters.com
Bill Ackman to return $4bn to Spac investors if new vehicle is approved
August 20, 2021--Billionaire investor plans to pivot to new 'Sparc' model following lawsuit.
view more
Source: ft.com
Bearish Bets on Stocks Outside U.S. Emerge Timed to Fed Meeting
August 20, 2021--Some investors appear to be hedging against a slump in stocks outside the U.S. should the Federal Reserve announce plans to taper stimulus at its September meeting.
New bearish bets with Sept. 24 expiries are evident on the iShares MSCI EAFE (ticker EFA) and iShares MSCI Emerging Markets (ticker EEM) ETFs. The trades appear to be targeting the September FOMC meeting, according to Susquehanna derivatives strategist Chris Murphy.
view more
Source: bnnbloomberg.ca
Jay Clayton praises blockchain as he joins crypto platform Fireblocks
August 19, 2021--Former SEC chair is the latest former regulator to embrace the digital assets sector
Jay Clayton, the previous US Securities and Trade Fee chair, has mentioned he believes each within the promise of blockchain expertise and the necessity for extra regulation for the crypto sector.
view more
Source: FT.com
Stockpickers find new niche in thematic ETF strategies
August 19, 2021--Equity picking finds niches in the ETF market through its thematic strategies and more shops are choosing to avoid indexing new trend-following products.
Active ETFs represent a quarter of the 34 thematic ETFs that launched in the first seven months of the year
Less than 18% of ETFs focused on the 197 themes specified by FactSet are actively managed. However, active ETFs make up 26% of the 34 thematic ETFs launched in the United States by August 6, this year.
view more
Source: FT.com
John Hancock Investment Management launches actively managed Mortgage-Backed Securities ETF subadvised by Manulife Investment Management
August 19, 2021-- John Hancock Investment Management LLC today announced the availability of John Hancock Mortgage-Backed Securities ETF (ticker: JHMB). The exchange-traded fund (ETF) is subadvised by Manulife Investment Management (US) LLC, John Hancock Investment Management's affiliated asset manager.
It is the second actively managed fixed-income ETF launched by John Hancock Investment Management this year, following the launch of John Hancock Corporate Bond ETF (ticker: JHCB) in March 2021.
view more
Source: John Hancock Investment Management
'I don't think the market is ready for this': Cathie Wood outlines what short-sellers betting against her innovation strategy don't get
August 19, 2021--Cathie Wood is hitting back amid a record rise in short-sellers betting against her fund, including Michael Burry of "The Big Short" fame.
Burry initiated a $31 million put position in the Ark Invest Disruptive Innovation ETF, according to a recent 13f filing. That's on top of his $731 million put position in Tesla, which happens to be Wood's highest conviction stock and largest holding at Ark.
view more
Source: businessinsider.com
