ETFs

BlackRock Inc. (NYSE:BLK) CEO Larry Fink is “surprised” with the performance of the company’s Bitcoin (CRYPTO: BTC) focused ETF IBT (NASDAQ:IBIT). What Happened: During a conversation with Fox Business on Wednesday, Fink said “IBIT is the fastest growing ETF in the history...

A proposal is currently on the table in Arizona that could see the state's government employee retirement funds invest in Bitcoin (CRYPTO: BTC) ETFs. What Happened: Introduced by State Sen. Jake Hoffman (R), Warren Petersen (R), and Rep. Joseph Chaplik (R), Senate Concurrent Resolution 1016 is a...

Coinbase Global Inc (NASDAQ:COIN), the U.S.-based cryptocurrency exchange, reported that its trading volume doubled in the fourth quarter compared to the third quarter, totaling $154 billion. What Happened: During an earnings call on Thursday, Armstrong said ETFs were a “win-win for Coinbase...

In a calculated move to draw in more investors, Invesco and Galaxy Asset Management have slashed the fee of their joint Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs). What Happened: The issuers have trimmed down the fee of their spot Bitcoin ETF from 0.39% to 0.25%. This aligns the sponsor fee...

Hester Peirce, a Commissioner at the Securities and Exchange Commission (SEC) often referred to as “Crypto Mom,” has expressed that a lawsuit may not be necessary for the SEC to approve spot Ethereum (CRYPTO: ETH) exchange-traded fund (ETF) applications.  What Happened: In an interview...

The Securities and Exchange Commission is predicted to delay the approval of spot Ethereum (CRYPTO: ETH) exchange-traded funds (ETFs), according to investment bank TD Cowen. What Happened: TD Cowen, as reported by The Block on Thursday, anticipates that the SEC will not greenlight Ethereum ETFs...

Bitcoin (CRYPTO: BTC) took center stage this week when the U.S. Securities and Exchange Commission (SEC) approved the trading of spot Bitcoin exchange-traded funds (ETF) on a deadline that had investors on edge. This development officially brings the largest cryptocurrency to the attention of a...

Throughout November, financial markets experienced a significant upswing, with both stocks and bonds on the rise. This surge was primarily driven by investors increasing their bets on potential Federal Reserve rate cuts in the upcoming year. Inflation continues to cool and Fed policymakers lean...

Markets embraced an unexpected turn of events as Wednesday’s U.S. economic data releases fell short of market expectations. The initial response was positive, with market participants interpreting the data as an indication of potentially easing inflationary pressures, thus lowering the...

Two significant economic reports took center stage on Friday. The first report focused on the Producer Price Index (PPI) inflation, which was up 0.8% year-on-year in July, a substantial increase from June’s 0.2%, surpassing analysts’ earlier projections of 0.7%. The higher-than-expected...

The Sprott Energy Transition ETF (NYSE:SETM) was popping up slightly higher on Friday after breaking down from a rising channel pattern on Wednesday amid weak price action in the general stock market.  With the global energy transition underway as the world's economies attempt to move from...

As July comes to an end, it’s time to take a look at the best- and worst-performing industry ETFs for the month. Among the largest ETFs that represent major U.S. stock indices, the SPDR S&P 500 ETF Trust (NYSE:SPY) returned 3.1% in July, marking its fifth consecutive month of gains. The...

On Thursday, Cathie Wood-led Ark Invest made a significant purchase of SoFi Technologies Inc (NASDAQ:SOFI) shares, amidst a volatile market environment for the company. This move comes in the wake of Morgan Stanley’s recent downgrade of SoFi, citing overly optimistic expectations for the...

Investors are on standby for the Federal Open Market Committee (FOMC) meeting’s interest rate decision, due to be announced on Wednesday, July 26, at 2:00 p.m. ET. While the market has already fully priced in a 25-basis-point rate hike to a target range of 5.25%-5.5%, the Fed’s...

The debt ceiling bill, agreed to by President Joe Biden and House Speaker Kevin McCarthy, surpassed an important hurdle on Tuesday evening as the powerful House Rules Committee reportedly voted seven to six to advance the bill to the floor. The bill will hit the floor Wednesday for debate and a...