Americas ETP News for the Past Year
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Exchange Traded Concepts to Close and Liquidate The Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (NYSE:UTRN)
March 4, 2025-After careful consideration, Exchange Traded Concepts,LLC, the Fund's investment adviser has recommended,and the Board of Trustees of Exchange Traded Concepts Trust has approved, the termination and liquidation of the Fund pursuant to the terms of a Plan of Liquidation.
Accordingly,the Fund is expected to cease operations and liquidate on or about March 28,2025 (the "Liquidation Date").
The Fund will be closed to orders for new creation units on March 24,2025,and the last day of trading of the Fund's shares on the NYSE Arca,Inc. will be on or about March 25,2025. From March 24, 2025, through the last day of trading, shareholders may only be able to sell their shares to certain broker-dealers, and there is no assurance that there will be a market for Fund shares during that time period. Customary brokerage charges may apply to such transactions. From the last day of trading through the Liquidation Date, shareholders will not be able to purchase or sell shares in the secondary market.
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Source: Exchange Traded Concepts, LLC
Crypto ETFs set to trump precious metal peers, says State Street
March 4, 2025-Surging demand means digital token funds will be the third-largest asset class in the rapidly growing US industry
Surging demand for cryptocurrency exchange traded funds will push their combined assets above those of precious metal ETFs in North America by the end of the year, according to forecasts by State Street, the world's largest ETF servicer by assets.
Such a move would install digital token ETFs as the third-largest asset class in the rapidly growing $15tn ETF industry, behind only equities and bonds and ahead of real estate, alternative and multi-asset funds.
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Source: ft.com
REX and Tuttle Expand T-REX ETF Suite with 2X Leveraged ETFs on Arm Holdings, Roblox, and Trump Media
March 4, 2025--More first 200% Leveraged Exposure ETFs for T-REX.
REX Shares ("REX"), in collaboration with Tuttle Capital Management ("Tuttle"), announces the debut of three new ETFs in its T-REX lineup: the T-REX 2X Long ARM Daily Target ETF (CBOE: ARMU), the T-REX 2X Long RBLX Daily Target ETF (CBOE: RBLU), and the T-REX 2X Long DJT Daily Target ETF (CBOE: DJTU).
These ETFs offer investors 200% exposure to the daily price movements of Arm Holdings PLC, Roblox Corp., and Trump Media & Technology Group Corp.
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Source: REX Financial
US regulators, in unusual move, raise concerns about new private credit ETF
February 28, 2025-The U.S. Securities & Exchange Commission sounded the alarm about aspects of the first broad private credit market exchange-traded fund, in a letter posted on its website on Thursday, hours after the ETF began trading.
In what analysts and other asset management firms described as a highly unusual move, Brent Fields, associate director of the SEC's division of investment management, asked State Street Global Advisors to address what it described as "significant outstanding issues" involving the SPDR SSGA Apollo IG Public & Private Credit ETF .
Fields declined to comment further. A spokesperson for the SEC declined to comment on questions involving any specific issuer.
State Street said it will be responding to the SEC's letter but had no further comment at present.
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Source: reuters.com
Apollo's private credit ETF claims to have squared the circle
February 28, 2025-Even the most advanced financial engineering may not be able to solve the almost immutable laws of financial markets
Thursday marked an almost moon-landing level event on Wall Street. An exchange traded fund partially including illiquid private credit, managed by State Street and affiliated with Apollo Global Management, started trading with an unprecedented level of flexibility for investors.
By the evening, the US Securities and Exchange Commission had written a letter casting doubt on how the plumbing worked. It even wondered if the ETF could fairly utilise the branding of Apollo, where, by coincidence, former SEC chair Jay Clayton happens to be on the board.
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Source: ft.com
State Street launches Apollo private credit ETF
February 27, 2025-State Street Global Advisors' much-anticipated private credit exchange-traded fund, developed with alternative investment firm Apollo Global Management, began trading on the New York Stock Exchange on Thursday.
The SPDR SSGA Apollo IG Public & Private Credit ETF is the first product offering retail investors direct access to a diversified portfolio of private credit assets.
"Having those private assets is fundamental to being able to build a healthy portfolio nowadays," said Michael Weisz, CEO of YieldStreet, a private market investment platform. Private credit has been an established asset class for at least 30 years, he added. "Now the ETF delivery mechanism allows ordinary investors to add it to their portfolios."
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Source: reuters.com
ERShares Expands Access to High-Growth Private Companies and Sets a New Standard for Private Equity Valuation in ETFs
February 26, 2025-ERShares, the issuer of the XOVR ETF, the first exchange-traded fund to integrate private equity into its portfolio, continues to lead the financial industry with an innovative investment strategy. With a diversified portfolio that includes SpaceX (currently 10% of total holdings) and exposure to Klarna, a leading fintech company preparing for its IPO, ERShares is setting a new standard for investor access to high-growth private companies.
Bridging the Gap Between Private and Public Markets
In a recent interview on Fox Business, Eva Ados, Chief Investment Strategist at ERShares, discussed the growing issue of private companies remaining private longer and limiting access for retail investors.
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Source: ERShares
Exchange Traded Concepts to Close and Liquidate The Optica Rare Earths & Critical Materials ETF (NYSE:CRIT)
February 21, 2025-After careful consideration, Exchange Traded Concepts, LLC, the Fund's investment adviser has recommended, and the Board of Trustees of Exchange Traded Concepts Trust has approved, the termination and liquidation of the Fund pursuant to the terms of a Plan of Liquidation. Accordingly, the Fund is expected to cease operations and liquidate on or about March 21, 2025 (the "Liquidation Date").
The Fund will be closed to orders for new creation units on March 17, 2025, and the last day of trading of the Fund's shares on the NYSE Arca, Inc. will be on or about March 18, 2025. From March 17, 2025 through the last day of trading, shareholders may only be able to sell their shares to certain broker-dealers, and there is no assurance that there will be a market for Fund shares during that time period.
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Source: Exchange Traded Concepts, LLC
Innovations expected to turbo-charge crypto ETF industry
February 20, 2025-Participants say favourable regulatory environment could lead to enthusiasm for diversified indices of digital tokens.
By most measures the launch of bitcoin exchange traded funds in the US has been a rip-roaring success, but industry participants say coming innovations will turbo-charge the crypto ETF industry further still.
Just over a year on from their debut, US-listed bitcoin ETFs hold $120bn of assets. The largest, the $57bn iShares Bitcoin Trust (IBIT), was the world's fastest ETF to get to $10bn, $25bn and $50bn in AUM, has surpassed iShares' Gold Trust and is closing in on the $80bn SPDR Gold Shares (GLD) as the planet's largest commodity exchange traded product.
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Source: ft.com
Fidelity Rides Model-Portfolio Boom as ETF Takeover Gathers Pace
February 20, 2025-Industry assets to hit $11.8 trillion by 2028, Broadridge says
Driver of big demand coincides with explosive growth of ETFs
Investments in ETFs within Fidelity's custom model portfolios have reached 51% at the end of last year.
Fidelity Investments is the latest asset manager to ramp up its model-portfolio business as demand for off-the-shelf and customized investment strategies across asset classes continues to pick up.
The company is launching Target Risk ETF Model Portfolios and the Target Allocation ETF Model Portfolios, two strategies that offer investors exposure to equities, bonds or alternatives by tracking a blend of active and passive exchange-traded funds, according to a Thursday press release. Both are open-architecture, which allows the portfolios to hold products apart from their own.
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Source: bloomberg.com
