Americas ETP News
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Defiance Launches MSTX, The First Leveraged Single-Stock ETF on MicroStrategy in the US
August 15, 2024--Defiance ETFs is proud to unveil MSTX, the first single-stock long leveraged ETF for MicroStrategy. MSTX seeks to provide 175% long daily targeted exposure to MicroStrategy. Defiance's single-stock ETFs provide leveraged exposure to disruptive companies without the need for a margin account.
MicroStrategy, known for its visionary approach to data analytics and business intelligence, has emerged as a prominent player in the Bitcoin market. With a strategic focus on becoming one of the largest holders of Bitcoin, MicroStrategy has captured the attention of investors seeking leveraged exposure to Bitcoin. As of the end of Q1 2024, MicroStrategy held approximately 214,400 bitcoins with a market value of around $15.22 billion.
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Source: Defiance ETFs
YieldMax Launches "Industry First" Short N100 Option Income Strategy ETF (YQQQ)
August 15, 2024--YieldMax announced the launch today of the following ETF:
YieldMax Short N100 Option Income Strategy ETF (Nasdaq: YQQQ)
YQQQ Overview
YQQQ is an actively managed ETF that seeks to generate current income from a synthetic covered put strategy on the Nasdaq-100 index ("Index"), while providing indirect short (inverse) exposure to the performace of the Index.
YQQQ's potential for gains from decreases in the Index level is limited, while its potential for losses resulting from increases in the Index level is up to 100%. An Investment in the Fund is not an investment in the Index. Further, an Investment in the Fund differs from "short selling" or "shorting" the Index. Investors seeking more direct exposure to the Index level should consider an investment other than this Fund.
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Source: YieldMax
Amplify ETFs to Liquidate Three ETFs
August 14, 2024--Amplify ETFs, a leading provider of exchange traded funds, today announced the scheduled liquidation of three ETFs (the "Funds"). The Funds scheduled for liquidation include:
Amplify Emerging Markets FinTech ETF (Ticker: EMFQ)
Amplify Treatments, Testing and Advancements ETF (Ticker: GERM)
Amplify Inflation Fighter ETF (Ticker: IWIN)
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Source: Amplify ETFs
Westwood Hires Chris Doran as Head of ETF Distribution & National Accounts
August 14, 2024--Highly experienced senior sales leader Doran underscores Westwood's commitment to further expanding its exchange-traded fund (ETF) platform
Doran has a 25-year proven track record in ETF sales in the financial intermediary channel
Westwood Holdings Group ("Westwood") (NYSE: WHG), today announced that Chris Doran has joined the company as Head of ETF Distribution and National Accounts. Doran will report to Dave Linton, Managing Director and Head of Distribution at Westwood.
The addition of Doran further reinforces the company's commitment to expanding its ETF platform and suite of products.
In April 2024, Westwood launched its first exchange-traded fund ("ETF"), the Westwood Salient Enhanced Midstream Income ETF (NYSE: MDST), and launched its second ETF, the Westwood Salient Enhanced Energy Income ETF (NASDAQ: WEEI), in May 2024.
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Source: Westwood Holdings Group Inc
Morgan Stanley Faces Heightened Regulatory Risks Following Bitcoin ETF Offer
August 11, 2024-Former SEC Chief of Web Enforcement John Reed Stark has acknowledged that Morgan Stanley's newest transfer to introduce a wide-scale supply of Bitcoin exchange-traded funds (ETFs) to its clientele will possible lead to increased regulatory scrutiny for the American financial institution.
This growth comes amidst a number of commendations of Morgan Stanley from the crypto group in implementing what might be a big pro-adoption coverage.
Earlier this week, the Wall Avenue large introduced plans to permit 15,000 of its licensed monetary advisors to begin pitching the Bitcoin spot ETFs to shoppers. Particularly, Morgan Stanley will grant clients entry to investing in BlackRock's iShares Bitcoin Belief (IBIT) and Constancy's Smart Origin Bitcoin Fund (FBTC).
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Source: recentlyheard.com
SEC Delays Decision on Hashdex's Spot Bitcoin-Ethereum ETF, Extends Review Until September
August 10, 2024--The SEC delays Hashdex's combined spot Bitcoin-Ethereum ETF decision, new deadline in September 2024.
Hashdex Nasdaq Crypto Index US ETF offers direct exposure to Bitcoin and Ethereum, tracking the NCIUSS.
This delay follows recent developments regarding options trading for other spot Bitcoin and Ethereum ETFs.
The US Securities and Exchange Commission (SEC) has extended its review period for Hashdex's proposal for a combined spot Bitcoin and Ethereum exchange-traded fund (ETF).
If approved, the Hashdex Nasdaq Crypto Index US ETF would provide investors with direct exposure to Bitcoin (BTC) and Ethereum (ETH).
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Source: beincrypto.com
CBOE Resubmits Application for Bitcoin ETF Options as Approval Looms
August 9, 2024--Bloomberg ETF analyst James Seyffart said there is "definitely some movement on Bitcoin ETF options."
CBOE has withdrawn its original application for options on spot Bitcoin ETFs, only to resubmit a more comprehensive version almost immediately.
Following the move, Bloomberg ETF analyst James Seyffart said on X that there is "definitely some movement on Bitcoin ETF options."
Seyffart clarified that the new filing, a 44-page document, replaced the original 15-page application.
The updated filing includes more detailed information, particularly regarding position limits and concerns over market manipulation.
This suggests that the SEC may have provided feedback, leading to the enhanced application.
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Source: cryptonews.com
Brazil Becomes World's First In Approving Spot Solana ETF, Pumping $SOL Above $163
August 9, 2024--Brazil's SEC is the first worldwide to have approved a spot Solana ETF
$SOL's price broke above $163 at one point Thursday after word spread about the milestone
The US SEC is yet to approve VanEck's application for a Solana ETF
Brazil is now the world's leader in spot Solana ($SOL) exchange-traded funds (ETFs) as it became the first country to give the green light to a $SOL ETF. The news pumped the cryptocurrency's price in the last 24 hours, giving hope to the community that other crypto ETFs will soon become a reality.
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Source: ibtimes.com
JPMorgan AM introduces Fundamental Data Science ETF Suite
August 9, 2024--The JPMorgan Fundamental Data Science (FDS) Suite has been introduced by JPMorgan Asset Management (JPMAM) on the Nasdaq Stock Exchange.
$SOL's price broke above $163 at one point Thursday after word spread about the milestone
As a result, the JPMorgan Fundamental Data Science Large Core ETF (LCDS), JPMorgan Fundamental Data Science Mid Core ETF (MCDS), and JPMorgan Fundamental Data Science Small Core ETF (SCDS) are the three new active ETFs that make up The Suite, and they use data science into the building of their portfolios.
The adviser manages the funds using an effective investment strategy that combines data science to create a fundamentally selected equities portfolio.
This data science-based investment strategy is being implemented in two strategies with over $15bn in total assets under management: the JPMorgan Applied Data Science Value Fund (JPIVX) and the equity portfolio that underpins the JPMorgan Nasdaq Equity Premium Income ETF.
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Source: ibtimes.com
Goldman Sachs Launches Preferred Stock ETF For High Income
August 9, 2024--Goldman Sachs Asset Management has introduced a new preferred stock ETF-its fifth fund for 2024. The Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (GPRF) began trading on August 8, according to a company press release.
GPRF aims to provide investors with high monthly income, the release said. It does so through exposure to U.S. preferred stocks and hybrid securities.
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Source: finance.yahoo.com
