Volatility Shares Trust files with the SEC-2x Bitcoin Strategy ETF
June 23, 2023--Volatility Shares Trust has filed a Post-Effective Amendment, Registration Statement with the SEC for the 2x Bitcoin Strategy ETF.
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Victory Capital Introduces VictoryShares Free Cash Flow ETF Further Expanding its ETF Offerings
June 22, 2023--Victory Capital Holdings, Inc. (NASDAQ: VCTR) ("Victory Capital" or the "Company") today announced that its wholly owned investment adviser, Victory Capital Management Inc., has launched a new rules-based exchange-traded fund ("ETF"), VictoryShares Free Cash Flow ETF (VFLO).
VFLO seeks to provide investment results that track the performance of the Victory U.S. Large Cap Free Cash Flow Index ("the Index"), which invests in profitable U.S. large-cap companies with high free cash flow yields and favorable growth prospects. The Index screens an initial universe of companies for historical and projected free cash flows. It then goes a step further by eliminating companies with the worst growth characteristics to seek better outcomes in a variety of market environments.
Global X ETFs to Liquidate MSCI Nigeria ETF (NGE)
June 22, 2023--Global X ETFs, the New York-based provider of exchange-traded funds (ETFs), today announced the scheduled liquidation of the Global X MSCI Nigeria ETF (NGE).
Based upon the recommendation of Global X Management Company LLC, the Fund's adviser, the Board of Trustees of the Global X Funds (the "Trust") determined on June 22nd, 2023 that it was in the best interests of the Fund and its shareholders to move forward with liquidation. The Fund represents less than 1% of the assets of Global X ETFs as of June 22nd, 2023.
Elevation Series Trust files with the SEC-Sovereign's Capital Flourish Fund
June 22, 2023-Elevation Series Trust has filed a Post-Effective Amendment, Registration Statement with the SEC for the Sovereign's Capital Flourish Fund.
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iShares Trust files with the SEC
June 22, 2023--iShares Trust has filed a Post-Effective Amendment, Registration Statement with the SEC.
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J.P. Morgan Exchange-Traded Fund Trust files with the SEC
June 22, 2023--J.P. Morgan Exchange-Traded Fund Trust has filed a Post-Effective Amendment, Registration Statement with the SEC
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The Future Fund Launches Long/Short ETF-Investing in Key Megatrends That Are Changing the World
June 21, 2023--Led by renowned investor Gary Black, the Fund buys companies that it believes can best exploit the wave of disruptive innovation and shorts companies most likely to lose value as their businesses are disrupted.
The Future Fund LLC, an SEC-registered investment advisor led by Gary Black and David Kalis, announced today the launch of the Future Fund Long/ Short ETF (NYSE: FFLS) on the New York Stock Exchange effective June 21, 2023.
FFLS is a high-conviction, risk-managed long/short strategy that provides the potential to capitalize on key megatrends driving the economy. Portfolio managers Black and Kalis bring decades of investment experience to the Fund and use a deep fundamental research process to select concentrated investments that may profit from emerging technological or social trends and developments. One of only a handful of fundamental-driven long/short ETFs, FFLS fills a gap in the investment marketplace and provides a unique opportunity to invest in a hedged portfolio of leading secular growth companies ideal for today's choppier economic environment.
Advisor Managed Portfolios files with the SEC-Soundwatch Hedged Equity ETF and Soundwatch Covered Call ETF
June 21, 2023--Advisor Managed Portfolios has filed a Post-Effective Amendment, Registration Statement with the SEC for the
Soundwatch Hedged Equity ETF
Soundwatch Covered Call ETF.
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American Century ETF Trust files with the SEC-6 Avantis ETFs
June 21, 2023--American Century ETF Trust has filed a Post-Effective Amendment, Registration Statement with the SEC for the
Avantis All Equity Markets Value ETF
Avantis International Small Cap Equity ETF
Avantis Moderate Allocation ETF
Avantis All International Markets Equity ETF
Avantis All International Markets Value ETF
Avantis U.S. Large Cap Equity ETF.
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BlackRock ETF Trust II files with the SEC-BlackRock Short-Term California Muni Bond ETF
June 21, 2023-BlackRock ETF Trust II has filed a Post-Effective Amendment, Registration Statement with the SEC for the BlackRock Short-Term California Muni Bond ETF.
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WisdomTree Bitcoin Trust files with the SEC
June 21, 2023--WisdomTree Bitcoin Trust has filed a Form S-1 Registration Statement with the SEC.
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Valkyrie Bitcoin Fund files with the SEC
June 21, 2023--Valkyrie Bitcoin Fund has filed a Form S-1 Registration Statement with the SEC.
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$10bn surges into JPMorgan covered call ETF this year
June 21, 2023--The wall of money means the defensive fund has become the largest active ETF
A bull market is traditionally accompanied by a wave of euphoria, with ever more investors getting sucked in as stocks march higher.
The current Wall Street variety-with the S&P 500 index up by more than 20 per cent from its October nadir- has been met with a wall of money rolling into one of the more defensive equity strategies: covered calls.
Such is the enthusiasm for this risk-averse strategy that the largest US-listed covered call exchange traded fund, the $26.8bn JPMorgan Equity Premium Income ETF (JEPI) has not only attracted the largest inflows of any actively managed ETF this year, but also become the largest active vehicle to boot.
Global X ETFs Launches the Global X 1-3 Month T-Bill ETF (CLIP)
June 21, 2023--Global X ETFs, the New York-based provider of exchange-traded funds (ETFs), today announced the launch of the Global X 1-3 Month T-Bill ETF (CLIP), which provides investors with exposure to the short-term Treasury bill market. The fund is the latest addition to Global X's growing suite of Income products.
In recent months, the front end of the yield curve has risen significantly i creating a sharply inverted yield curve as the US Federal Reserve has aimed to tame inflation by raising rates. During such periods of elevated interest rates, short-term treasuries can offer investors a compelling alternative to cash positions. Treasury bills can provide investors with income potential while carrying relatively low interest rate risk due to their short-term nature. CLIP offers investors the benefit of these short-term treasuries in the form of a transparent and cost-effective ETF wrapper.
Bitcoin Jumps on Speculation BlackRock 'May Know Something'
June 20, 2023--At least three issuers have filed plans since BlackRock filing
The SEC has resisted allowing spot Bitcoin ETFs, citing risks
BlackRock Inc.'s surprise filing for a US spot Bitcoin exchange-traded fund last week has led to a flurry of similar applications from rival issuers and speculation that the asset manager has key insights that will lead to approval of its application.
Bitcoin has jumped more than 20% since the filing to more than $30,000. On Tuesday, Invesco Ltd. renewed its application for the physically-backed Invesco Galaxy Bitcoin ETF within hours of WisdomTree's filing with the Securities and Exchange Commission for the WisdomTree Bitcoin Trust. Days earlier, Bitwise submitted plans for a similar vehicle.