Tag Archives: Market News

Hashdex’s rivals, such as Ark Invest and 21Shares, have also approached the SEC with their separate applications for spot Ether ETFs. Popular US-based stock exchange Nasdaq has formally filed an application with the Securities and Exchange Commission (SEC) seeking approval to list an Ethereum (Ether) Exchange-Traded Fund (ETF). This innovative investment vehicle is crafted to combine spot ether holdings and futures contracts within its portfolio, paving the way for a novel approach to...

Financial giant Franklin Templeton has applied to the SEC for approval to launch a Bitcoin exchange-traded fund (ETF) named the Franklin Bitcoin ETF, with Coinbase as the custodian and trading on the Cboe BZX Exchange. Asset manager Franklin Templeton, a financial giant managing over $1.4 trillion on behalf of its clients, has submitted an application to the US Securities and Exchange Commission (SEC) to launch a Bitcoin exchange-traded fund (ETF). According to the filed application, the...

Rather than backtracking trade activities after the fraud has occurred, the CFTC commissioner believes the focus should be on preventing them. A commissioner of the Commodity Futures Trading Commission (CFTC), Christy Goldsmith Romero has proposed several measures to improve investor protection. Romero made the proposal while speaking at the North American Securities Administrators Association’s annual meeting in California. According to the Federal Trade Commission, Americans reportedly...

As investors brace themselves for another week of market volatility and unsteady stock futures, all eyes are on the crucial economic data releases that could have a profound impact on the financial landscape. This morning marked a cautious start for investors as stock futures presented a mixed outlook following a positive day on Wall Street. Overview of the US Stock Futures Market As the US stock market opened, futures tied to the Dow Jones Industrial Average (INDEXDJX:.DJI) took a...

As a publicly traded company, Instacart will need to navigate fierce competitions. Instacart, the popular on-demand grocery delivery and pickup service has submitted an updated filing for its upcoming Initial Public Offering (IPO), revealing its ambition to raise up to $616 million in fresh capital alongside existing shareholders. Instacart IPO: Pricing Strategy In its updated filing, Instacart disclosed its intention to set an offer price for its IPO within the range of $26 to $28 per...

In an official statement on Sunday, Alibaba said that Zhang will be replaced by Eddie Wu. Alibaba Group Holding Ltd (HKG: 9988), one of the prominent players in the Chinese technology industry, faced a 3.5% decline in its stock value on Monday following a surprising turn of events on September 10. The company announced that its departing CEO, Daniel Zhang, would not only relinquish his role as chairman of the group as planned but also step down as CEO of Alibaba’s cloud business. Following...

Arm has successfully secured a lineup of cornerstone investors for its IPO, including some of the biggest names in the tech industry. Arm Holdings Ltd., the renowned chip designer owned by SoftBank Group Corp (TYO: 9984) is reportedly contemplating raising the price range of its highly anticipated Initial Public Offering (IPO). This move comes after meetings with potential investors revealed overwhelming interest in what is poised to become the world’s largest listing of the year. Arm...

As AI continues to permeate various sectors, Arm Holdings stands to benefit significantly from this technological wave. Arm Holdings plc, a renowned chip designer backed by SoftBank Group Corp (TYO: 9984) recently revealed its ambitious revenue growth projections ahead of its Initial Public Offering (IPO) plans. Arm Holdings Shares Its Vision for Growth The company expects to achieve an impressive 11% increase in revenue for the current fiscal year. Looking further ahead, Arm Holdings...

Evergrande has seen an impressive spike in shares even though both the HSI and the property sector in China are still struggling. Chinese property developer Evergrande saw its shares jump 82% on Wednesday, outperforming other publicly listed companies on the Hang Seng Index (HSI). Evergrande shares closed at HK$0.640 after climbing 82.86%, according to data from MarketWatch. The company’s previous close was HK$0.350. In the last 5 days, Evergrande shares have climbed over 137%. However,...

Only 9.5% of the Arm American Depository Shares would be available to the general public at the IPO, while SoftBank retains the rest. Chip design company Arm may be looking for up to $4.87 billion in funding at the conclusion of its upcoming initial public offering (IPO), which could put the company’s valuation at $52 billion. Arm has submitted an updated F-1 filing to the United States Securities and Exchange Commission (SEC) as it prepares for the IPO. Arm’s shares will float as American...