Americas ETP News
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Simple, low-cost ETFs lead race for investors' cash
November 1, 2021--Vanguard's easy to explain funds find broad appeal, but iShares still leads the pack.
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Source: FT.com
Roundhill Investments And IO Digital Index Partners Launch Digital Infrastructure ETF (NYSE:BYTE)
October 28, 2021--Roundhill Investments ("Roundhill") has launched the Roundhill IO Digital Infrastructure ETF ("BYTE ETF"). The BYTE ETF seeks to provide investors with exposure to the potential growth opportunities of the digital infrastructure sector.
Digital infrastructure is comprised of the high-tech physical assets that support the efficient storage and transmission of data, powering the internet. These assets may include fixed-line, high-speed data transmission technology and hardware (such as fiber optic cable and certain "last-mile" technologies that bring data to and from the end-user); data centers; mobile towers and related infrastructure; and other long-lived physical infrastructure assets.
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Source: Roundhill Investments
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.
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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]
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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.
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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.
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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."
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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.
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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)
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Source: Invesco Ltd.
