ETF Industry News Weekly Recap | November 4-8, 2024

Each week, we bring you a comprehensive roundup of the latest ETF industry news and updates from Europe and the United States. This includes ETF launches, filings, closures, mergers and acquisitions, regulatory changes, and other key developments within the ecosystem.

Here’s a look at the top stories from Week 45, November 4-8, 2024.

Europe ETF News

Catch up on the key ETF news from Europe this week that you might have missed.

JPMorgan Launches Two New Income-Focused ETFs in Europe
JPMorgan debuts UCITS versions of JEPI and JEPQ on LSE, offering 7-11% yield with reduced volatility via option strategies, expanding its premium income ETF suite.

BlackRock Expands iBonds Fixed Maturity ETF Lineup with 8 New IG Credit Funds
BlackRock adds eight investment grade iBonds ETFs with 2031-2034 maturities in USD and EUR, broadening options for fixed income portfolios and bond laddering.

DWS Expands China ETF Exposure and Cuts Fees
DWS’s $193M FTSE China 50 ETF now tracks the MSCI China A Inclusion index, offering broader exposure and lowering its fee from 0.60% to 0.35%.

Schroders Eyes Active ETFs Amid Growing Demand
Schroders is considering entering the active ETF market, assessing the structure's potential for client value as demand for liquid active products rises across Europe.

Amundi Partners with Jane Street to Boost ETF Liquidity in Europe
Jane Street will provide liquidity for over 150 Amundi ETFs, enhancing market efficiency and liquidity in Amundi’s European ETF range.

Ireland’s CBI Streamlines ESG Fund Naming Compliance Process
Ireland’s Central Bank has simplified filings to help funds meet ESMA's ESG naming rules, requiring 80% of investments to align with environmental or social aims by November 21.

Ireland Expands ETF Policy, Solidifying Lead as European ETF Hub
Ireland's Central Bank eases rules, allowing active and complex ETFs like CLOs, further establishing Ireland as a key ETF domicile over Luxembourg.

US Industry ETF News

Catch up on the key ETF news from the United States this week that you might have missed.

BNY Mellon Launches Dynamic Value ETF Targeting Large-Cap Value Stocks
The BNY Mellon Dynamic Value ETF (BKDV) focuses on value equities, primarily large-cap U.S. stocks, with a 0.60% expense ratio, advised by Newton Investment Management.

Schwab Launches Low-Cost MBS ETF for Fixed Income Diversification
Schwab’s new Mortgage-Backed Securities ETF (SMBS) debuts Nov. 19 with a 0.03% expense ratio, targeting government-backed MBS amid rising demand for intermediate-duration fixed income.

AllianzIM Launches U.S. Equity Buffer15 Uncapped Nov ETF
AllianzIM’s NVBU ETF offers SPY-linked returns with a 15% downside buffer, aiming for positive returns over a one-year outcome period ending October 2025.

Innovator ETFs Launches Three New Buffered ETFs
Innovator debuts NNOV, ZNOV, and KNOV, offering capped returns tied to QQQ, SPY, and IWM with varying downside buffers, resetting annually for long-term holding.

Grayscale Files for Bitcoin Miners ETF Tracking Indxx Bitcoin Miners Index
Grayscale’s proposed ETF tracks the Indxx Bitcoin Miners Index, investing 80% in global bitcoin mining and related firms, rebalanced quarterly, and favoring pure-play companies.

Sarmaya Partners Files for Thematic Equity ETF
Sarmaya Partners’ new active ETF aims to hold 25-35 global equities, targeting emerging market themes with a flexible approach that includes ETFs, commodities, and inverse ETFs for thematic and hedging purposes.

PEO Partners and Quest Partners File for Private Equity-Style ETF
The proposed ETF combines equity investments with derivatives to mimic private equity returns, using futures and currency contracts for diversification and negative beta. It rebalances to mirror private equity allocations while meeting liquidity and diversification standards.

AdvisorShares Files for HVAC and Industrials-Focused ETF
AdvisorShares seeks to launch an actively managed ETF investing 80% in U.S. HVAC and industrials stocks, focusing on capital goods and market leaders.

iShares Files for U.S. Dollar Money Market ETF
iShares plans a money market ETF focused on U.S. dollar-denominated short-term securities, adhering to Rule 2a-7 with an average maturity of 60 days or less.

iShares Files for Government Money Market ETF
iShares proposes a government money market ETF investing 99.5% in cash, U.S. Treasuries, and repos, with an average maturity of 60 days or less, adhering to Rule 2a-7.

Spot Bitcoin ETFs See Record $1.4B Inflows, Led by BlackRock’s IBIT
Bitcoin ETFs saw record inflows of $1.4B last Thursday, largely from BlackRock’s IBIT, as BTC hit a new high post-election. Spot Ethereum ETFs also gained $79.7M amidst ETH's price rise.

Strive AM Expands Into Wealth Management, Integrates Bitcoin
Strive Asset Management launches a Dallas-based wealth division with a $30M backing, aiming to integrate Bitcoin as a risk hedge in portfolios, expanding beyond its ETF offerings.

SEC Delays Decision on Options for Ethereum ETFs on NYSE
The SEC has postponed its decision on options for Ethereum ETFs, including funds by Bitwise, Grayscale, and BlackRock, to allow more review time, with a new decision possibly expected by April 2025.

Michigan Retirement System Adds Ether ETFs to Crypto Portfolio
Michigan's pension fund invested in 460,000 shares each of Grayscale’s Ethereum Trust and Mini Trust, expanding its crypto holdings to $18M across BTC and ETH.

Grayscale Seeks Approval for Multi-Crypto ETF Holding Altcoins
Grayscale's Digital Large Cap Fund may become the first U.S. ETF to hold altcoins like Solana and AVAX, pending SEC approval of its NYSE Arca listing.