Tag Archives: etf

The application for the blockchain ETF was accepted by the CSRC on Tuesday, December 24. It was filed by Penghua Fund, an asset management company based in China’s Shenzhen city. While it is currently unclear how long is required before a response, the Chinese blockchain community seems to be carefully watching.First Blockchain ETF In ChinaThe product has been named the Penghua Shenzhen Stocks Blockchain ETF. Penghua intends for the ETF to track and mirror all blockchain firms with public...

In a not-too-surprising turn off events, the SEC has rejected the Bitcoin ETF application filed by Bitwise Asset Management and NYSE Arca and stated that there were still too many unresolved issues regarding improper activity such as market manipulation, that could easily take place in the sector.The SEC’s publication is a 112-page document, which goes into specific details of the ETF and why it had chosen not to approve at this time. According to the Commission, the Bitwise and NYSE Arca...

California based bank and stock brokerage firm Charles Schwab said that it is finally ending its battle in the brokerage sector. They decided they are ending commissions for online trading in U.S. stocks, exchange-traded funds, and options.Just for a reminder, in the February of this year, together with Fidelity Investments, Charles Schwab completely cut its commissions it had been charging on hundreds of their exchange-traded funds. The ongoing war was all about exciting the investors since...

Futures exchange operator CME group has announced that it plans to begin offering bitcoin futures contracts starting in early 2020. Futures were originally launched at the end of 2017. At press time, more than 3,000 people are trading futures and approximately 20 successful expiration dates have occurred since their integration. Bitcoin Futures Are All the Rage… Right?Tim McCourt, global head of equity index and alternative investment products at CME says: These new products are designed to...

Photo: UnsplashA new Vegan focused exchange-traded fund (ETF) was launched on the New York Stock Exchangenew yor on Tuesday the 10th of September. Dubbed the U.S. Vegan Climate ETF with the code VEGN, the ETF costs 60 basis points for interested participants and it is the first vegan and climate oriented ETF that has been ever launched.Initiated by Beyond Investing which is itself a vegan and anti-animal investment service, the new ETF boasts of more than a few major holdings including...

Photo: Bitwise / TwitterBitwise has tapped into the experience of the Bank of New York Mellon. It has appointed the BNY Mellon to serve as the administrator and transfer agent for its forthcoming Bitcoin exchange-traded fund (ETF). Bitwise filed an amendment to its Bitwise Bitcoin ETF S-1 form on September 11. It then submitted the amendment to the United States Securities and Exchange Commission (SEC) on the same day.The amendment lists Foreside Fund Services as the marketing agent, BNY...