Americas ETP News
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Coinbase plans revamp to lure institutional and high-speed traders
May 15, 2018--Cryptocurrency exchange Coinbase is planning a revamp of its trading technology and creating a new suite of services to attract more institutional investors, including hedge funds and high-frequency trading firms, it said on Tuesday.
The San Francisco-based startup said it is building a new matching engine that will allow firms to match buy and sell orders for cryptocurrencies like bitcoin in fractions of seconds and is building up a team that will cater exclusively to institutional clients.
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Source: Reuters
U.S. ETF providers cry foul over SEC's fee experiment
May 15, 2018--A plan by the U.S. securities regulator to study how stock exchange pricing affects the market by creating different fee levels for different stocks and exchange-traded funds could stifle competition among ETF providers, industry executives told Reuters.
The U.S. Securities and Exchange Commission is preparing a one-to-two-year pilot program to test in part whether the way stock exchanges charge fees and pay out rebates prompts brokers to send customer orders to exchanges with the biggest rebates rather than those that would get the best result for clients.
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Source: Reuters
ETFGI reports ETFs and ETPs listed in the US gathered 28 billion US dollars in net inflows in April
May 14, 2018--ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that ETFs and ETPs listed in the USgathered US$28.00 billion net inflows during April 2018, after suffering net outflows of US$10.60 Bn in February and US$2.56 Bn in March, according to ETFGI's April 2018 US ETF and ETP industry landscape insights report.
Year-to-date net inflows into US listed ETFs/ETPs reached US$93.22 Bn at the end of April which is significantly less than the US$169.71 compare to this point last year. (All dollar values in USD unless otherwise noted.)
Highlights
ETFs and ETPs listed in the US gathered $28.00 billion net inflows during April 2018, after suffering net outflows in prior 2 months
US-listed Fixed Income ETFs/ETPs gathered $13.74 Bn net inflows during April 2018, the largest since October 2014, which saw $16.87 Bn in net outflows
In April 2018, 15 new ETFs/ETPs were launched by 12 providers while 59 ETFs/ETPs closed by 8 providers.
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Source: ETFGI
Franklin Templeton Investments Canada Rings TSX Opening Bell Today to Announce Three New Franklin LibertyShares(R) Fixed Income ETF Listings
May 14, 2018--Franklin Templeton Investments Canada will mark today's listings of three actively managed fixed income ETFs, Franklin Liberty Global Aggregate Bond ETF (CAD-Hedged) (FLGA), Franklin Liberty Senior Loan ETF (CAD-Hedged) (FLSL) and Franklin Liberty U.S. Investment Grade Corporate ETF (CAD-Hedged) (FLUI), by ringing the opening bell on the Toronto Stock Exchange (TSX).
"The fixed income market is becoming increasingly more complex in this low interest rate environment," said Duane Green, president and CEO, Franklin Templeton Investments Canada.
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Source: Franklin Templeton Investments Corp.
ETF Industry Legend John Hyland Joins Cryptocurrency Pioneer Bitwise Asset Management As Global Head of Exchange-Traded Products
May 14, 2018--Bitwise Asset Management, creator of the world's first cryptocurrency index fund, announced today that it has hired ETF industry legend John Hyland as the firm focuses aggressively on developing public vehicles for accessing cryptoassets around the world.
Hyland joins the firm as its new global head of exchange-traded products. He was previously chief investment officer and leader of United States Commodity Funds, a multibillion-dollar ETF manager based in Oakland, Calif.
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Source: Bitwise
Scepticism persists on 'ETFs for good'
May 14, 2018--Investors want responsible options but remain concerned about performance.
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Source: FT.com
CME Group signs pact to offer ether reference rate
May 14, 2018--Exchange operator CME Group Inc and digital-currency trading platform Crypto Facilities Ltd on Monday launched a service to provide users access to real-time ether price in dollars.
The reference rate will be based on transactions and order book activity from Kraken and Bitstamp - -two major cryptocurrency exchanges, the company said.
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Source: Reuters
DFS Authorizes Gemini Trust Company to Provide Additional Virtual Currency Products and Services
May 14, 2018--Gemini is the First Qualified Custodian and Exchange to Receive DFS Approval to Offer Trading of Emerging Digital Currency Zcash in New York.
Financial Services Superintendent Maria T. Vullo today announced that the New York State Department of Financial Services has authorized Gemini Trust Company, LLC to offer the custody services and trading of Zcash, Litecoin and Bitcoin Cash, emerging cryptocurrencies, on its virtual currency exchange based in New York City. Cryptocurrencies are alternative decentralized global digital currencies that provide users with a more secure and efficient means of payment.
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Source: Department of Financial Services (DFS)
A Leveraged ETN Play on Europe STOXX 50
May 11, 2018--Fisher Investments has partnered with Credit Suisse to launch an exchange traded note to provide leveraged exposure to the a widely observed European benchmark.
Credit Suisse rolled out the Credit Suisse FI Enhanced Europe 50 ETN (NYSEArca: FEUL), which has a 1.00% expense ratio..
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Source: Nasdaq
Active Alts, Inc. Announces ETF Closure
May 11, 2018--Active Alts, Inc. today announced the scheduled closing and liquidation of the Active Alts Contrarian ETF (the "Fund").
ETF: Active Alts Contrarian ETF
Ticker: SQZZ
CUSIP: 86280R308
The Fund will begin liquidating its portfolio and will invest in cash equivalents until all shares have been redeemed. This process will result in the Fund increasing its cash holdings, which is inconsistent with the Fund's investment objective and strategy. The last date for authorized participants to create and redeem units in SQZZ will be May 25, 2018.
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Source: Active Alts, Inc.
