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Tradeweb Reports October 2024 Total Trading Volume of $54.7 Trillion and Average Daily Volume of $2.35 Trillion
November 6, 2024--October 2024 ADV up 34.1% YoY
Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today reported total trading volume for the month of October 2024 of $54.7 trillion (tn)[1]. Average daily volume (ADV) for the month was $2.35tn, an increase of 34.1 percent (%) year-over-year (YoY).
Excluding the impact of the ICD acquisition, which closed on August 1, 2024, total ADV for the month of October was up 18.4% YoY.
In October 2024, Tradeweb records included:
ADV in European government bonds
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Source: Tradeweb Markets 
Latecomers first! Surpassing BlackRock, Vanguard's VOO becomes the world's second-largest ETF
November 6, 2024--Analysis suggests that VOO will become the largest ETF in the world by 2025 or at the latest by 2026. VOO is expected to break the record for annual fund inflows, with inflows reaching USD 85 billion so far this year.
Compared to SPY's annual fee of 9 basis points, VOO charges an annual fee of 3 basis points, leading many investors to use Vanguard ETFs exclusively to build their portfolios
In the fiercely competitive ETF market, a historic surpass is unfolding, with Vanguard's VOO set to become the strongest contender.
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Source: longportapp.com
Roundhill Investments Announces Changes to ETF Lineup
November 6, 2024--Roundhill Investments, an ETF sponsor focused on innovative financial products, today announced plans to close and liquidate the following ETFs:
Fund Name: Roundhill Alerian LNG ETF Ticker: LNGG
Fund Name: Roundhill S&P Global Luxury ETF Ticker: LUXX
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Source: Roundhill Investments
First Trust Introduces a Small and Mid Cap Dividend Achievers Target Income ETF
November 5, 2024--FT Portfolios Canada Co. ("First Trust Canada"), announced today that it has launched units of First Trust Vest SMID Rising Dividend Achievers Target Income ETF (the "Fund" and "SDVD"). Units of the Fund will commence trading on Cboe Canada Inc. at market open today. The ticker symbol for the units is SDVD.
The Fund seeks to provide investors with current income with a secondary objective of providing capital appreciation by investing primarily in a portfolio of equity securities included in the Nasdaq US Small Mid Cap Rising Dividend AchieversTM Index (the "Index") as well as listed options on the Russell 2000 Index or exchange-traded funds that track the Russell 2000 Index. The Fund will seek to achieve its investment objectives by investing all or substantially all of its assets in FT Vest SMID Rising Dividend Achievers Target Income ETF (SDVD), a U.S.-listed ETF which is managed by an affiliate of First Trust Canada that has substantially similar investment objectives as the Fund.
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Source: FT Portfolios Canada Co.
Purpose Investments Unveils New Meta and AMD Single-Stock Yield Shares ETFs in Its Acclaimed Yield Shares Suite
November 5, 2024--Investors now have a new way to invest in Meta Platforms Inc. ("Meta") and Advanced Micro Devices, Inc. ("AMD") that combines tax-efficient monthly income with long-term growth potential
Purpose Investments Inc. ("Purpose Investments") is excited to announce the addition of two new single-stock ETFs to its Yield Shares by Purpose ("Yield Shares") suite of funds: the Meta (META) Yield Shares Purpose ETF (Cboe ticker: YMET) and the AMD (AMD) Yield Shares Purpose ETF (Cboe ticker: YAMD).
These latest additions to the industry-leading Yield Shares suite reflect increasing client interest and Purpose's commitment to offering innovative and outcome-oriented investment products for investors seeking both income and growth opportunities.
Key Benefits:
Monthly Distribution: Investors receive an enhanced* monthly income in addition to any dividends from the underlying stock.
Growth Potential: Investors can participate in the long-term growth potential of Meta and AMD, respectively-companies at the forefront of technological innovation.
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Source: Purpose Investments Inc.
Overlay Shares to Transfer Funds to Cboe BZX Exchange
November 5, 2024--The Overlay Shares ETFs, managed by parent company Liquid Strategies, LLC, announced their suite of ETFs will transfer to the Cboe BZX Exchange on or around November 25th, 2024.
Current shareholders are not required to take any action, nor is the transfer expected to have any effect on the trading of fund shares.
The following ETFs are transferring to the Cboe BZX Exchange:
Overlay Shares Large Cap Equity ETF (ticker: OVL)
Overlay Shares Small Cap Equity ETF (ticker: OVS)
Overlay Shares Foreign Equity ETF (ticker: OVF)
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Source: Liquid Strategies, LLC
Spirit Blockchain Capital Strengthens its Ecosystem Position with Acquisition of Dogecoin Holdings
November 5, 2024- Spirit Blockchain Capital Inc. (CSE: SPIR) ("Spirit" or the "Purchaser"), a focused blockchain technology and digital asset management company, is pleased to provide an update to its October 8, 2024 press release announcing the acquisition of Dogecoin Portfolio Holdings Corp. ("Dogecoin Holdings"), a company founded by a team of visionary entrepreneurs and supporters of Dogecoin (DOGE), one of the largest cryptocurrencies by market capitalization.
Under the terms of the binding purchase agreement, Spirit will acquire all of the issued and outstanding securities of Dogecoin Holdings, including common shares and share purchase warrants, from the Company's shareholders (the "Vendors").
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Source: Spirit Blockchain Capital Inc.
Low-volatility ETFs lose favour as investors jump to buffered peers
November 1, 2024--Despite poor returns in recent years, analysts say people could be missing out on their long-term investment potential
Low-and minimum-volatility funds are haemorrhaging money as performance continues to disappoint and investors shift to a newer, shinier way of managing risk in equity markets.
Investors have pulled $43.8bn from US-listed low-volatility exchange traded funds since February 2020, according to data from State Street Global Advisors, with just one month of positive flows in the past 22.
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Source: ft.com
BlackRock becomes latest, largest firm to seek approval for ETF share class
October 31, 2024--BlackRock Inc., opens new tab on Wednesday filed an application with the U.S. Securities & Exchange Commission seeking approval to create exchange-traded fund classes for its mutual funds.
The asset management giant is the latest and by far the largest among more than 30 money managers that have made similar requests since a patent on the ETF share class structure held by Vanguard expired in May 2023.
The SEC does not have a deadline to rule on those applications, and the agency so far has only allowed Vanguard to offer both exchange-traded shares and traditional units within the same mutual fund..
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Source: reuters.com
Roundhill Investments Launches S&P 500 Target 20 Managed Distribution ETF (XPAY)
October 31, 2024-XPAY seeks to pay monthly return of capital distributions at an annualized rate of 20%.
Roundhill Investments, an ETF sponsor focused on innovative financial products, is pleased to announce the launch of the Roundhill S&P 500Target 20 Managed Distribution ETF (XPAY), which begins trading on NYSE Arca today.
XPAY is designed to offer investors the potential for monthly return of capital distributions while providing exposure to the S&P 500.
XPAY is specifically designed to meet the needs of income-oriented investors. By providing exposure to the S&P 500, the fund may serve as an alternative for financial advisors and investors who otherwise may opt to sell equity holdings, and therefore incur capital gains, to meet their monthly financial needs.
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Source: Roundhill Investments