This bank holding company’s stock plummeted by 23% at the close of trading on Monday, 4 March 2024, only days after it appointed a new CEO and identified issues with its internal controls regarding its loan practices. Even though the bank indicated these obstacles would not affect its 2023 financial results, its stock continues to…
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The products continue to receive billions of dollars in weekly inflows. The latest data from CoinShares reveals a record $2.45 bn was funnelled into crypto ETFs last week, with Bitcoin (BTC) constituting 99% of those funds. Consequently, BTC reached a yearly high of $52,868. Most appealing to investors was BlackRock's IShares Bitcoin ETF, which attracted…
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This move by the market-leading asset manager not only infused more confidence in crypto markets but also triggered discussions at the SEC level with the aim to diluting regulatory opposition to virtual currencies. As with the Bitcoin price in June when BlackRock applied for that spot ETF, the Ethereum (ETH-USD) price spiked to its highest…
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Furthermore, the Australian regulator has decided to revise the definitions of 'Active' and 'Complex' products and specifying that all labels should appear at the end of the product trading name and secondary label should appear immediately before the primary label. ETP products should now be named “XYZ Active ETF” (or XYZ Complex ETF). ASIC Commissioner…
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The new LATAM40 ETF offers access, exposure and tracking of 40 of the largest Latin American stocks a single fund. The company stated: The fund generally invests at a majority of its assets in the component securities of its underlying index and in investments that have economic characteristics identical to the component securities of its…
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The second fund that Global X has added is the Global X Telemedicine & Digital Health ETF. This fund is focused on the healthcare market. Telemedicine uses video conferencing to provide faster service to patients, and digital healthcare aims to improve the analytics behind the diagnosis. Both of these funds have a large grounding in…
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The acquisition will have the leadership position of ULTUMUS on ETFs combined with the core capabilities of SIX in trading, post-trade and data services which will open up opportunities to help shape the expanding ETF market. Marion Leslie, Head Financial Information & member of Executive Board, SIX, said: With ULTUMUS we have found the right…
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Christian Reuss, Head SIX Swiss Exchange in the Business Unit Markets of SIX, said: A warm welcome to Tabula as a new ETF issuer on our platform. Investors now have a choice of 1,538 ETFs, including more than 400 fixed income products. The Swiss Stock Exchange was one of the first European exchanges to launch a…
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JFD Group noted that it believes we can now observe the "new normal", where customer behavior shifts rapidly towards online research for the best deals and e-commerce. The firm expressed its belief that it is a matter of time to see more investment firms jumping on the commission-free bandwagon as the competition for client acquisition…
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Traders on HotForex can now benefit from CFDs on DMA Stocks and the direct market live pricing. Unlike CFDs on Stocks, which are not directly hedged in the underlying physical market, with CFDs on DMA Stocks, HotForex will allow market participants to view and trade with the live order books of global stocks regulated exchanges…
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