A new exchange traded fund offers investors the chance to own a basket of companies that are considered “meme stocks.” Here’s the details and holdings on the new Roundhill MEME ETF. Roundhill MEME ETF The ETF was launched as the first ETF explicitly designed to track the performance of meme stocks, MEME will rebalance on…
First Ever NFT ETF Launches: Here Are the Details and Holdings of NFTZ
The rise of non-fungible tokens continues as a popular theme in 2021 with NFTs rising in value and stocks increasing their exposure to NFTs through token launches, marketplaces, and partnerships with leading NFT projects. The first NFT ETF is launching with The Digital Revolution from Defiance ETFs. Here are the details. What Happened Defiance is…
US High-Yield Corporate Bond ETF Falls to 8-Month Low After Powell Announcement
CHICAGO—Investors looked to shed some risk in the U.S. corporate bond market on Monday, pushing a fund tracking the high-yield sector to its lowest level since March after Jerome Powell’s nomination for a second term as Federal Reserve chair raised expectations of sooner rate hikes. Kathy Jones, chief fixed income strategist at the Schwab Center…
Bitcoin Hovers Below Peak, Doubts Linger Over Boost From US ETF
LONDON/HONG KONG—Bitcoin hovered on Thursday below its all-time high struck a day earlier after the launch of the first U.S. bitcoin futures exchange-traded fund, though J.P. Morgan analysts voiced doubt over its impact on cryptocurrency investment flows. The world’s largest cryptocurrency traded flat at $66,032, erasing slim losses made in Asian trading hours, after hitting…
Bitcoin Sits Below All-Time High After US ETF Debut
October 20, 2021
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HONG KONG—Bitcoin hovered below record levels on Wednesday, the day after the first U.S. bitcoin futures-based exchange-traded fund (ETF) began trading, a development that market participants say is likely to drive investment into the digital asset. The world’s leading cryptocurrency was last at $63,998, off 0.4 percent, but still within a short jump of its…
Bitcoin on Cusp of All-Time High Ahead of Futures ETF Listing
October 19, 2021
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LONDON—Bitcoin hit a six-month high and was within striking distance of its all-time peak on Tuesday as traders bet an anticipated listing of a futures-based U.S. exchange-traded fund could herald investment flows into cryptocurrencies. Bitcoin, the world’s biggest cryptocurrency, rose as much as 1.5 percent during the Asia session to $62,991, its highest since mid-April…
Bitcoin Tops $60,000, Nears Record High, on Growing US ETF Hopes
October 15, 2021
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LONDON/HONG KONG—Bitcoin hit $60,000 for the first time in six months on Friday, nearing its record high, as traders grew confident that U.S. regulators would approve the launch of an exchange-traded fund (ETF) based on its futures contracts. Cryptocurrency investors have been waiting for approval of the first U.S. ETF for bitcoin, whose recent rally…
Democrat Proposal Seeks to End Tax Break on Exchange-Traded Funds
A top Senate Democrat has floated plans that would eliminate a tax break that exchange-traded funds (ETF) now enjoy, potentially forcing these and other Registered Investment Companies (RIC) to bring forward the tax burden for millions of investors. Sen. Ron Wyden (D-Oregon) last week issued a proposal for draft legislation (pdf) that would tax ETFs’…
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