Americas ETP News up to 1 year Ago
Bitcoin Slumps Below $28K as Yields Spike; Ether Futures ETFs Fizzle on Lukewarm Investor Interest
October 2, 2023--Bitcoin slumped below $28,000, and ether dipped below $1670.
Bitcoin (BTC) ended the first U.S. trading day of the week in the green, but it gave up some gains as the U.S. 10-year yield spiked to its highest level in more than 16 years.
In the last 24 hours, the world's largest digital asset dipped into the red and is down by 1.57%. Meanwhile, the much-hyped ether futures exchange-traded funds (ETFs) failed to capture the interest of investors, with low volumes reported on their first day of trading.
Invesco Galaxy Ethereum ETF files with the SEC
September 29, 2023--Invesco Galaxy Ethereum ETF has filed a Form S-1 Registration Statement with the SEC.
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WisdomTree Trust files with the SEC-WisdomTree U.S. SmallCap Quality Growth Fund
September 29, 2023--WisdomTree Trust has filed a Form N-1A Registration Statement, Post-effective amendment with the SEC for the WisdomTree U.S. SmallCap Quality Growth Fund.
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WisdomTree Trust files with the SEC-WisdomTree U.S. MidCap Quality Growth Fund
September 29, 2023--WisdomTree Trust has filed a Form N-1A Registration Statement, Post-effective amendment with the SEC for the WisdomTree U.S. MidCap Quality Growth Fund.
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Northern Lights Fund Trust IV files with the SEC-4 Monarch ETFs
September 29, 2023--Northern Lights Fund Trust IV has filed a Form N-1A Registration Statement, Post-effective amendment with the SEC for the
Monarch Dividend Plus ETF
Monarch Select Subsector ETF
Monarch Volume Factor Dividend Tree ETF
Monarch Volume Factor Global Unconstrained ETF.
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iShares Trust files with the SEC-iShares Energy Storage & Materials ETF
September 29, 2023--iShares Trust has filed a Form N-1A Registration Statement, Post-effective amendment with the SEC for the iShares Energy Storage & Materials ETF.
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Strategic Trust files with the SEC-Kelly Ethereum Ether Strategy ETF
September 29, 2023--Strategic Trust has filed a Form N-1A Registration Statement, Post-effective amendment with the SEC for the Kelly Ethereum Ether Strategy ETF.
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Managed Portfolio Series files with the SEC
September 29, 2023--Managed Portfolio Series has filed a Form N-1A Registration Statement, Post-effective amendment with the SEC.
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Strategic Trust files with the SEC-Kelly Fintech & Digital Payments Sector ETF
September 29, 2023--Strategic Trust has filed a Form N-1A Registration Statement, Post-effective amendment with the SEC for the Kelly Fintech & Digital Payments Sector ETF.
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IMF Working Paper-Identifying News Shocks from Forecasts
September 29, 2023--We propose a method to identify the anticipated components of macroeconomic shocks in a structural VAR. We include empirical forecasts about each time series in the VAR. This introduces enough linear restrictions to identify each structural shock and to further decompose each one into "news" and "surprise" shocks.
We estimate a VAR on US time series using forecast data from the SPF, CBO, Federal Reserve, and asset prices.
Unanticipated fiscal stimulus and interest rate shocks we identify have typical effects that match existing evidence. In our news-surprise decomposition, we find that news drives around one quarter of US business cycle volatility. News explains a larger share of the variance due to fiscal shocks than for monetary policy shocks. Finally, we use the news structure of the shocks to estimate counterfactual policy rules, and compare the ability of fiscal and monetary policy to moderate output and inflation. We find that coordinated fiscal and monetary policy are substantially more effective than either tool is individually.
