Americas ETP News
If your looking for specific news, using the search function will narrow down the results
YieldMax Launches Option Income Strategy ETF on Snowflake (SNOW)
June 11, 2024--YieldMax announced the launch today of the following ETF:
YieldMax SNOW Option Income Strategy ETF (NYSE Arca: SNOY)
SNOY seeks to generate current income via a synthetic covered call strategy on Snowflake Inc. (SNOW). SNOY is actively managed by ZEGA Financial. SNOY does not invest directly in SNOW.
SNOY is the newest member of the growing YieldMax ETF family and, like all YieldMax ETFs, aims to deliver current income to investors. Please see table below for distribution and yield information for all outstanding YieldMax ETFs.
view more
Source: YieldMax
AllianceBernstein Finalizes Two New ETF Conversions
June 10, 2024--AllianceBernstein Holding L.P. (NYSE: AB) and AllianceBernstein L.P., a leading global investment management firm, announced today the launch of two actively managed exchange-traded funds (ETFs) on the New York Stock Exchange: AB Short Duration Income ETF [NYSE: SDFI] and AB Short Duration High Yield ETF [NYSE: SYFI].
Global trading firm Jane Street will be the Lead Market Maker on these products.
"When you observe the ETF market and the spectrum of investors in this space, you can see how active ETFs have really started to take root," said AB Global Head of ETFs and Portfolio Solutions Noel Archard.
view more
Source: AllianceBernstein
CBO-Monthly Budget Review: May 2024
June 10, 2024--Summary
The federal budget deficit was $1.2 trillion in the first eight months of fiscal year 2024, the Congressional Budget Office estimates-$38 billion more than the deficit recorded during the same period last fiscal year. Revenues were $294 billion (or 10 percent) higher and outlays were $332 billion (or 8 percent) higher from October through May than during the same period in fiscal year 2023.
Shifts in the timing of certain payments affect that comparison. Outlays in the first eight months of each fiscal year were reduced by shifts of some payments to September that otherwise would have been due on October 1, which fell on a weekend in both years. In addition, because June 1, 2024, fell on a weekend, outlays in the first eight months of 2024 were boosted by the shifting of payments into May 2024. Those amounts were larger than the amounts shifted from October to September 2023, increasing outlays, on net, in fiscal year 2024. If not for those timing shifts, the deficit so far in fiscal year 2024 would have been $46 billion less than the shortfall for the same period in fiscal year 2023.
view more
Source: cbo.gov
BlackRock Announces Product Updates
June 7, 2024--BlackRock has one of the most comprehensive and diverse investment platforms in the industry, providing investors with choice to meet their investment objectives. Investors are continuing to turn to BlackRock to unlock the full potential of their
portfolios, as reflected by $1.9 trillion of net inflows in the past five years globally.1
In the U.S., BlackRock offers over 600 mutual funds and ETFs for investors to access different market exposures.2 As we evolve our platform and launch new strategies, we also constantly assess the regulatory and operating environment as well as how our funds are meeting investors' investment objectives. Today, BlackRock is announcing the upcoming liquidation of 15 U.S.-domiciled mutual funds and ETFs.
view more
Source: ishares.com
ProShares Launches ETFs Targeting 2x and -2x Daily Ether Returns
June 7, 2024--ETHT targets 2x daily ether returns, while ETHD targets -2x daily ether returns and is the first ETF of its kind in the U.S.
ProShares, a premier provider of ETFs, has expanded its product lineup with today's launch of two pioneering ether-linked ETFs.
The ProShares Ultra Ether ETF (ETHT) targets 2x daily ether returns, while the ProShares UltraShort Ether ETF (ETHD) is the first U.S.-listed product to target -2x daily ether returns.
These products join ProShares' expansive lineup of crypto-linked ETFs, which is the largest in the U.S. by number of listings.
view more
Source: ProShares
2x ether ETF debuts in US before plain vanilla spot rivals
June 6, 2024--Leveraged and inverse products from Volatility Shares and ProShares get green light, while physically backed funds wait
US exchange traded fund investors can buy a fund offering two times the daily return of ether, but are still waiting for final approval of an ETF that actually invests in the world's second-largest cryptocurrency.
Volatility Shares launched the 2x Ether ETF (ETHU) on June 4, while ProShares, one of the largest providers of leveraged and inverse ETFs, said it expected ETFs offering twice the daily return of ether (ETHT) and twice the inverse daily ether return (ETHD) to list on the New York Stock Exchange on June 7.
view more
Source: ft.com
BlackRock, Citadel Securities-Backed TXSE Group to Launch Texas Stock Exchange
June 4, 2024--TXSE Group, backed by BlackRock and Citadel Securities, plans to launch the Texas Stock Exchange in Dallas, going up against established New York-centric exchanges in a bid to attract global companies.
The exchange, which has raised about $120 million, plans to file registration documents with the U.S. Securities and Exchange Commission to start operating as a national securities exchange later this year, TXSE said on Wednesday.
A rebound in capital markets has sent a plethora of companies from within and outside the United States scrambling to list their stocks, creating more opportunity for indexes.
view more
Source: usnews.com
IndexIQ Launches IQ MacKay Securitized Income ETF (SECR)
May 31, 2024--New fund provides actively managed solution for accessing opportunities across the structured products landscape
IndexIQ, a leading provider of innovative investment solutions, is today announcing the launch of the IQ MacKay Securitized Income ETF (SECR), an actively managed fund designed to provide investors with diversified exposure to income-generating securities across a range of investment grade structured products including mortgage-backed securities, collateralized mortgage obligations, commercial mortgage-backed securities and asset-backed securities.
SECR is actively managed by Neil Moriarty, Michael DePalma and Zachary Aronson of the MacKay Shields' Global Fixed Income Team, using an integrated top-down and bottom-up investment process which combines macroeconomic analysis with rigorous security selection seeking to deliver total return with an emphasis on current income.
view more
Source: IndexIQ
First Trust Expands Target Outcome Lineup with Launch of BUFS, a Laddered Portfolio of Small Cap Moderate Buffer ETFs
May 30, 2024--May 30, 2024--BUFS provides access to a laddered portfolio of FT Vest U.S. Small Cap Moderate Buffer ETFs, diversifying risk across investment time period and market conditions
FT Vest U.S. Small Cap Moderate Buffer ETFs seek to provide a 15% downside buffer with upside potential to a predetermined cap over a one-year Target Outcome Period
BUFS joins First Trust's growing lineup of ETF laddered funds which invest in Target Outcome Funds
First Trust Advisors L.P. ("First Trust") a leading exchange-traded fund ("ETF") provider and asset manager, announced today that it has launched the FT Vest Laddered Small Cap Moderate Buffer ETF (Cboe: BUFS) (the "fund").
BUFS seeks to provide equity investors with an ongoing risk management strategy by investing substantially all of its assets in a portfolio of FT Vest U.S. Small Cap Moderate Buffer ETFs ("Underlying ETFs" or "Target Outcome Buffer ETFs").
view more
Source: First Trust
BlackRock's $20 Billion ETF Is Now the World's Largest Bitcoin Fund
May 29, 2024--Asset manager's product dethroned the Grayscale Bitcoin Trust
Recently launched US ETFs have made Bitcoin more accessible
BlackRock Inc.'s iShares Bitcoin Trust has become the world's largest fund for the original cryptocurrency, amassing almost $20 billion in total assets since listing in the US at the start of the year.
The exchange-traded fund held $19.68 billion of the token Tuesday, dethroning the $19.65 billion Grayscale Bitcoin Trust, data compiled by Bloomberg show. The third largest is the $11.1 billion offering from Fidelity Investments.
view more
Source: bloomberg.com
