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Calamos Launches S&P 500 Structured Alt Protection ETF-May (CPSM), Announces 9.81% Upside Cap Rate with 100% Downside Protection Over One Year
May 1, 2024--CPSM's 9.81% cap compares favorably with the 8%, 20-year average price return of the S&P 500.
The Calamos Structured Protection suite combines Calamos' decades-long alternatives and options investing expertise within the liquid, cost-effective, tax-efficient ETF structure.
Calamos Investments LLC ("Calamos"), a leading alternatives manager, today announced the launch of the Calamos S&P 500 Structured Alt Protection ETF-May (ticker: CPSM) with a 9.81% cap rate before fees and expenses from May 1, 2024 through April 30, 2025. CPSM marks the first of 12 ETFs in the Calamos Structured Protection ETFs series which will offer investors protected exposure to the S&P 500, Nasdaq-100 and Russell 2000.
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Source: Calamos Investments
DTCC rules out collateral for Bitcoin-linked ETFs
April 26, 2024--This notice means that exchange-traded funds and similar investment instruments with Bitcoin or other cryptocurrencies as underlying assets will not be assigned any collateral value.
The Depository Trust and Clearing Corporation (DTCC)-a financial services company that provides clearing and settlement services for the financial markets-stated that it will not allocate any collateral to exchange-traded funds (ETFs) with exposure to Bitcoin or cryptocurrencies and will not extend loans against them.
DTCC's announcement states that effective April 30, 2024, the DTCC will implement changes to collateral values for specific securities during its annual line-of-credit facility renewal, potentially affecting position values in the collateral monitor.
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Source: cointelegraph.com
US SEC expected to deny spot ether ETFs next month, industry sources say
April 25, 2024--U.S. issuers and other firms expect the Securities and Exchange Commission to deny their applications to launch exchange-traded funds (ETFs) tied to the price of ether after discouraging meetings with the agency in recent weeks, four people said.
VanEck, ARK Investment Management and seven other issuers have filed with the SEC to list ETFs that would track the spot price of the world's second-largest cryptocurrency after bitcoin. The SEC must decide on VanEck's and ARK's filings, which are first in line, by May 23 and May 24 respectively.
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Source: reuters.com
HANetf lists ESG India Internet & Ecommerce ETF in Mexico
April 24, 2024--HANetf has listed INQQ India Internet & Ecommerce ESG-S UCITS ETF (INQQ) on Bolsa Mexicana de Valores (BMV) in Mexico.
INQQ is Europe's first ESG India Internet ETF and provides exposure to ESG-screened India internet and ecommerce companies.
INQQ is classified as Article 8 under the Sustainable Finance Disclosure Regulation (SFDR).[1]
HANetf now has 11 products listed on Mexican stock exchanges.
HANetf, Europe's first and only independent white-label UCITS ETF and ETC platform[2], and leading provider of digital asset ETPs, is delighted to announce that INQQ India Internet & Ecommerce ESG-S UCITS ETF (ticker: INQQ) is now trading on Bolsa Mexicana de Valores (BMV) in Mexico.
INQQ was launched in November of last year and provides investors with exposure to India internet and ecommerce companies. The ETF was launched with HANetf's long-time partners EMQQ Global, who previously launched EMQQ Emerging Markets Internet & Ecommerce UCITS ETF (EMQQ), which currently has over $120 million assets under management (AUM). INQQ also has a US-listed sister ETF, with $34.03 million AUM.
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Source: hanetf.com
Prime Unicorn Index Launches the Prime Unicorn 30 Index Tracking the Highest Valued Venture-Backed Private US Firms
April 18, 2024--New Prime 30 Unicorn Index Tracks the 30 Highest Valued Companies in the Prime Unicorn Composite Index, the Standard Bearer for Private Market Benchmarking
The Prime Unicorn Indexes Uniquely Incorporate Primary Sourced Financing Data with Secondary Transactions via a Partnership with Caplight Technologies
Prime Unicorn Index, the standard bearer for private market benchmarking, today announced the launch of the new Prime Unicorn 30 Index, a modified market cap index that tracks the valuations of the top 30 US-based private venture-backed companies valued at $1 billion or more, known as "unicorns." Through a partnership with Caplight Technologies, both the Prime Unicorn Composite Index and the new Prime Unicorn 30 Index uniquely incorporate secondary transaction data, in addition to financing data obtained from hard-to source primary documents that verify issued shares and the most recent series price per share.
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Source: Prime Unicorn Index
SEC’s Division of Investment Management to Host Second Annual Conference on Emerging Trends in Asset Management
April 17, 2024--The Securities and Exchange Commission today announced that, starting on May 22, 2024, the fee rates applicable to most securities transactions will be set at $27.80 per million dollars.
Consequently, each self-regulatory organization will continue to pay the Commission a rate of $8 per million for covered sales occurring on charge dates through May 21, 2024, and a rate of $27.80 per million for covered sales occurring on charge dates on or after May 22, 2024.
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Source: SEC.gov
Exchange Traded Concepts to Close and Liquidate the Carbon Strategy ETF
April 12, 2024--The Board of Trustees of ETF Series Solutions, upon a recommendation from Exchange Traded Concepts, LLC, the investment adviser to the Fund, has determined to close and liquidate the Fund immediately after the close of business on May 3, 2024 (the "Liquidation Date"). Shares of the Fund are listed on the NYSE Arca, Inc.
Effective on or about April 30, 2024, the Fund will begin liquidating its portfolio assets. This will cause the Fund to increase its cash holdings and deviate from the investment objective and strategies stated in the Fund's prospectus.
The Fund will no longer accept orders for new creation units after the close of business on the business day prior to the Liquidation Date, and trading in shares of the Fund will be halted prior to market open on the Liquidation Date.
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Source: Exchange Traded Concepts, LLC
StockSnips Unveils their first AI-powered ETF: NEWZ, now trading on Nasdaq
April 12, 2024--StockSnips Inc,, a leader in AI-powered investment strategies, announces the launch of its first ETF, NEWZ, now trading on (NASDAQ).
StockSnips AI-powered Sentiment US All Cap ETF (NEWZ) represents a significant leap forward in the integration of artificial intelligence and natural language processing within financial markets, offering investors a unique opportunity for long-term capital appreciation.
This advancement is underpinned by the firms' substantial investments in AI technology and comprehensive validation of models, reflecting years of innovation and commitment to building AI that has the advantage of recognizing patterns that are non-stationary, an issue with current traditional quantitative models.
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Source: StockSnips
Strive Announces the Launch of Mid-Cap ETF (NYSE: SSTMX)
April 11, 2024--Today, Strive Asset Management ("Strive"), a leading provider of shareholder-focused investment solutions, announced the launch of its twelfth fund, the Strive Mid-Cap ETF (NYSE: STXM), which offers Strive investors access to the middle 400 corporations by market cap of the Bloomberg US 1500 Index.
STXM joins the Strive 500 ETF (STRV) and Strive Small-Cap ETF (STXK) to complete the company's market cap series and provide investors access to the entire Bloomberg US 1500 Index. STXM will also deliver to investors Strive's proxy voting and shareholder engagement, which aims to unlock value for investors by advocating that companies focus on maximizing value over all other considerations.
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Source: Strive Enterprises, Inc.
Obra Fund Management Launches Opportunistic Structured Products and High Grade Structured Products ETFs
April 10, 2024--Obra ETFs to Invest Opportunistically in a Wide Variety of Securitized Products that have Potential to Produce Income
Obra Capital, Inc. ("Obra") today announced the listing of Obra Opportunistic Structured Products ETF (NYSE: OOSP) and Obra High Grade Structured Products ETF (NYSE: OGSP).
The ETFs are the inaugural investor offerings of Obra Fund Management, LLC, the manager of the funds. Additional information about the manager and the funds can be found at the newly launched website www.ObraFunds.com.
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Source: Obra Capital, Inc.
