Americas ETP News
If your looking for specific news, using the search function will narrow down the results
Volt Equity Looking to Revolutionize With Launch of Bitcoin Industry-Focused ETF
October 28, 2021--The Volt Crypto Industry Revolution & Tech ETF (BTCR) began trading today on the NYSE Arca and focuses on companies that have exposure to bitcoin and the infrastructure surrounding it. BTCR opened at $21.00 in an homage to the 21 million bitcoin cap.
"Bitcoin is not just a coin, it’s a revolution that encompasses miners, companies using it on their balance sheet, and everyday HODLers who want to hold the first digital store of value that can't be inflated away by a government," Volt Equity’s CEO Tad Park told CoinTelegraph.
The fund invests in companies that have exposure to bitcoin and the bitcoin infrastructure, and it includes an options overlay strategy to hedge against market movement and individual company movement.
view more
Source: nasdaq.com
Fount Launches Two Thematic ETFs
October 28, 2021--Fount's New ETFs Provide Exposure to the Metaverse and Subscription Economy
Today, Fount Investment Co., Ltd. launched two new thematic ETFs: the Fount Metaverse ETF (MVTR) and the Fount Subscription Economy ETF (SUBS). MVTR looks to provide exposure to companies related to metaverse technology. SUBS seeks to provide exposure to companies offering subscription services.
The metaverse and subscription services are two rapidly growing markets. The metaverse, even with all the groundbreaking developments in technology, has yet to reach its full potential to be the future iteration of the existing internet. Bloomberg estimates that the market size of the metaverse may reach $800 billion by 2024.[1] Additionally, a significant amount of consumers are transitioning from an ownership to a usership model. 78% of adults worldwide utilize subscription services, and 75% believe that, in the future, they will subscribe to more services and own less physical stuff.[2]
view more
Source: Fount Investment Co., Ltd
BlackRock cuts fees on $14bn in ETFs
October 28, 2021--The $6.6bn iShares Floating Rate Bond ETF now carries a fee of 15 basis points.
BlackRock has shaved up to 10 basis points off the fees on eight ETFs, including a family of target-risk strategies and a popular floating-rate bond product, filings show.
The new expense ratios went into effect immediately, according to disclosures.
The ETFs represented a combined $14bn in assets as of September 30, according to Morningstar Direct.
view more
Source: ft.com
Traders bet ethereum will benefit from ETF boost in 2022
October 28, 2021--Buying interest in options tracking cryptocurrency 'exploded' after launch of bitcoin exchange traded fund
Buyers poured greater than $1bn in to the ProShares Bitcoin Technique fund.
Traders are positioning for a surge in ethereum costs, betting that Wall Road's high securities regulator will subsequent 12 months give the go-ahead for a US trade traded fund monitoring the world's second-biggest cryptocurrency.
view more
Source: ft.com
Tuttle Capital Management Announces Name Change for The Short ARKK ETF (Ticker Symbol: SARK)
October 28, 2021--Tuttle Capital Management, investment adviser for The Short ARKK ETF, a series of the Collaborative Investment Series Trust, (the "Fund") is announcing that the Fund's name will be changing.
The Fund's new name will be "Tuttle Capital Short Innovation ETF."
view more
Source: Tuttle Capital Management
SEC Won't Approve Leveraged Bitcoin Fund
October 27, 2021--Regulator has signaled it will allow only unleveraged funds tied to the cryptocurrency, at least for now
The Securities and Exchange Commission asked at least one asset manager not to proceed with plans for a leveraged bitcoin exchange-traded fund, according to a person familiar with the matter.
The SEC indicated it wants to limit new bitcoin-related products to those that provide unleveraged exposure to bitcoin futures contracts, such as the ETF, which was launched last week, the person said.
view more
Source: wsj.com
Is Stock Index Membership for Sale?
October 27, 2021--While major stock market indices are followed by large monetary investments, we document that membership decisions for the S&P 500 index have a nontrivial amount of discretion. We show that firms' purchases of S&P ratings appear to improve their chance of entering the index (but purchases of Moody's ratings do not).
Furthermore, firms tend to purchase more S&P ratings when there are openings in the index membership. Such a pattern is also confirmed by an event study that explores a rule change on index membership in 2002. Finally, discretionary additions exhibit subsequent deterioration in financial performance relative to rule-based additions.
view the NBER Working Paper-Is Stock Index Membership for Sale?
Source: National Bureau of Economic Research (NBER)
Invesco Expands QQQ Innovation Suite to Include Two ESG ETF Offerings
October 27, 2021--Building on the QQQ Innovation Suite's year of success, Invesco and Nasdaq introduce more choices for investors looking to personalize their access to Nasdaq-listed companies
Invesco Ltd. (NYSE: IVZ), a leading global asset management firm, announced today the expansion of the Invesco QQQ Innovation Suite with the introduction of two new Environmental, Social and Governance (ESG) ETF offerings.
The launch of Invesco ESG NASDAQ 100 ETF (QQMG) and Invesco ESG NASDAQ Next Gen 100 ETF (QQJG) advances the firm's goal of offering investors the benefit of personalizing their exposure to the innovative companies listed on The Nasdaq Stock Market.
The Invesco QQQ Innovation Suite now includes six different investment structures that complement Invesco QQQ:
Invesco ESG NASDAQ 100 ETF (QQMG)
view more
Source: Invesco Ltd.
ProShares Launches Three New Funds, Expanding Thematic ETF Lineup
October 27, 2021--ProShares, a premier provider of ETFs, announced that it has launched three new ETFs. ProShares On-Demand ETF (OND), ProShares Smart Materials ETF (TINT), and ProShares Nanotechnology ETF (TINY).
ProShares has launched six thematic ETFs in 2021, doubling its lineup to 12 thematic ETFs in total.
"We are excited to launch a set of truly innovative funds that give investors access to themes previously not available in the areas of nanotechnology, smart materials, and on-demand platforms," said ProShares CEO Michael L. Sapir. "The future is smaller, smarter, and faster. These latest additions to the ProShares Thematic ETFs lineup provide investors new and efficient ways to access the companies changing how businesses operate, innovate and compete."
The new ETFs and their indexes are:
ProShares ETF : ProShares On-Demand ETF
Ticker: OND
Index: FactSet On-Demand Index
view more
Source: ProShares
Horizons ETFs Expands Thematic Line-up with Vaccine and Infrastructure Focused ETFs
October 27, 2021--Two new thematic ETFs offer exposure to sectors facing potential long-term structural trends
Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") is pleased to announce the launches of the Horizons Global Vaccines and Infectious Diseases Index ETF ("HVAX") and the Horizons North American Infrastructure Development Index ETF ("BLDR" and together, the "ETFs"). Units of the ETFs will begin trading today on the Toronto Stock Exchange ("TSX") under the ticker symbols HVAX:TSX and BLDR:TSX, respectively.
Thematic investing seeks to capture opportunities created by structural trends. Two areas receiving significant attention over the past 18 months are vaccines, as part of a global pharmaceutical shift, and North American infrastructure investment. Vaccines, and the prevention of infectious disease, alongside infrastructure investment have taken on significant importance recently and have generated considerable market interest. From massive investment by global governments in COVID-19 research and vaccine development, as well as the Biden administration's Build Back Better agenda, which pledges billions of dollars toward renewing U.S. infrastructure, both themes have an opportunity to see long term momentum based on these events.
view more
Source: Horizons ETFs Management (Canada) Inc.
