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NEWSLETTER

US spot bitcoin ETFs take off

It’s been quite the week of drama watching the final approval by the SEC of the launch of spot bitcoin ETFs in the US. First we had what Bloomberg’s Eric Balchunas described as the Terrordome as US ETF issuers reduced their fees in a frenzy down to 0 per cent in a bid to get in first with the new assets.

Then, ‘you couldn’t make this up’, as CEC Capital’s Laurent Kssis commented to me, we had a hacker announcing the approval had been granted on Twitter, (another reader commented that the SEC didn’t appear to have two step authentication on their Twitter account), a full 24 hours before it was. As Chris Sullivan from Craft & Capital said mid-week – “Is it still only Wednesday?”

We have covered all of this over the week and I will let you read it all at your leisure. This one is going to run and run…

There were other issues – not the least the launch of the 14th iteration of the popular European ETF Express Awards with the opening of the nominations for service providers.

Get nominating now if you want to be in the final vote. 

Finally, we bring you the latest Off The Record, in partnership with TrussEdge, which takes a look at the semi-transparent ETF structure in the US.

Follow this link to hear the views of Antonette Kleiser of Brown Brothers Harriman and Terry Norman of Blue Tractor. 

Beverly Chandler, Managing Editor

For live updates please follow us on Twitter and LinkedIn.

LATEST NEWS

This podcast focuses on the semi-transparent ETF structure which is apparently alive and kicking despite reports of its demise.
The US’s SEC has published its long-awaited approval notice enabling ETF issuers to list spot bitcoin ETFs. The following firms could be trading on Thursday, 11th January.
Laurent Kssis, CEC Capital and crypto ETP veteran has commented on the fierce competition among ETF issuers in the US to offer the lowest fees for bitcoin ETFs, which are expected to attract what is said to be ‘huge’ inflows from US investors seeking exposure to the leading cryptocurrency.
ETF Express is very pleased to bring you the ETF European service provider nominations stage of the awards for 2024.
Infrastructure Capital Advisors (InfraCap) announced its fifth ETF, the InfraCap Small Cap Income Fund ETF (SCAP) in December 2023 – and the firm is already considering another ETF launch, pencilled in for 2024.

Global ETF Launches

Global Launches sponsored by STOXX
Things were very quiet on the non-North American launches over the Christmas and New Year period.

US ETF Launches

US Launches sponsored by STOXX
Eight new ETF offerings were launched for the week, each with a distinct value proposition for investors.  Detailed below are the respective launches from each asset manager.

Canada ETF LAUNCHES

Canada Launches sponsored by STOXX
Hamilton Capital Partners Inc. has launched the Hamilton U.S. Equity Yield Maximizer ETF (SMAX) and Hamilton Technology Yield Maximizer ETF (QMAX), the latest additions to Hamilton ETFs’ yield maximiser suite of ETFs.
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