ETF Industry News Weekly Recap | October 7-11, 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 41, October 7-11, 2024.

Europe ETF News

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

AXA IM Expands Fixed Income ETF Range with US Treasuries

AXA IM launched two new ETFs: one tracking 25+ year US Treasuries and another for 0-1 year maturities. Both ETFs offer exposure to U.S. sovereign debt with a TER of 0.07%.

HANetf and The Royal Mint Launch Three FX Hedged Gold ETCs

HANetf, in partnership with The Royal Mint, introduced three FX-hedged gold ETCs (GBP, EUR, CHF), backed by responsibly sourced physical gold stored outside the London banking system. These ETCs aim to provide exposure to gold prices while minimizing USD exposure, with sustainability being a key focus.

21Shares Launches Future of Crypto Index ETP on Euronext

21Shares introduced the Future of Crypto Index ETP (FUTR) on Euronext, offering exposure to six key crypto megat hemes. This marks 21Shares' 44th crypto ETP and its first product targeting crypto mega themes.

HANetf’s North American Energy Infrastructure ETF Shifts to Physical Replication

The Alerian Midstream Energy Dividend UCITS ETF (PMLP), managed by HANetf, transitioned from synthetic to physical replication, dropping MLP exposure and altering its investable universe. This shift may increase liquidity and concentration risks.

21Shares Calls for ESMA to Standardize Crypto Rules for UCITS Funds

21Shares urged the European Securities and Markets Authority (ESMA) to create consistent regulations for UCITS funds that invest in cryptocurrencies. The call aims to resolve regulatory confusion across Europe and advocate for broader retail investor access and market stability.

ETFs Overtake Mutual Funds in Switzerland and France According to Survey

The European Fund Selector Survey revealed that 56% of Swiss and 52% of French investors now prefer passive ETFs over mutual funds. Germany and Italy are also approaching a significant shift toward ETFs.

US Industry ETF News

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

KraneShares Launches ETF Mimicking Private Equity Strategies

KraneShares introduced the Man Buyout Beta Index ETF (BUYO), which tracks small to mid-cap stocks using private equity strategies applied to public equities for higher long-term returns.

Astoria Launches US Quality Growth ETF Targeting Large and Mid-Cap Stocks

Astoria launched the US Quality Growth Kings ETF (GQQQ), focusing on 75-100 high-quality U.S. growth stocks with a TER of 0.35%.

DWS Launches Xtrackers US 0-1 Year Treasury ETF

DWS introduced the Xtrackers US 0-1 Year Treasury ETF (TRSY), which tracks short-term U.S. Treasuries, offering a conservative, liquidity-focused option with a 0.06% expense ratio.

YieldMax Launches Option Income Strategy ETF on Palantir

YieldMax introduced the PLTR Option Income Strategy ETF (PLTY), designed to generate income through options-based strategies on Palantir without directly investing in the stock.

Harbor Capital Advisors and PanAgora AM Launch Quant-Driven Large-Cap ETF

Harbor and PanAgora introduced the Harbor PanAgora Dynamic Large Cap Core ETF (INFO), using a quant-driven approach and focusing on U.S. large-cap stocks with ESG factors.

Direxion Launches 2X Leveraged and Inverse ETFs for Broadcom and Micron

Direxion introduced 2X leveraged (AVL, MUU) and 1X inverse (AVS, MUD) ETFs for Broadcom and Micron, catering to short-term traders seeking magnified or inverse exposure to these stocks.

First Trust Launches New Constructs Core Earnings Leaders ETF

First Trust introduced the FTCE ETF, tracking 100 companies with high Earnings Capture, based on data from New Constructs' advanced investment research.

3EDGE Launches Dynamic Fixed Income ETF

3EDGE introduced the Dynamic Fixed Income Equity ETF (EDGF), offering actively managed exposure to U.S. and non-U.S. debt, focusing on Treasuries, investment-grade, and high-yield bonds.

3EDGE Launches Dynamic U.S. Equity ETF

3EDGE launched the Dynamic U.S. Equity ETF (EDGU), providing actively managed exposure to U.S. stocks across market caps, sectors, and investment styles.

3EDGE Launches Dynamic International Equity ETF

3EDGE introduced the Dynamic International Equity ETF (EDGI), offering actively managed exposure to non-U.S. companies across market caps, without sector or investment style bias.

3EDGE Launches Dynamic Hard Assets ETF

3EDGE launched the Dynamic Hard Assets ETF (EDGH), offering exposure to physical assets like gold and futures-based commodities, focusing on inflation-protective assets such as U.S. TIPS.

SEI Launches Three New Active Equity ETFs

SEI introduced three active ETFs: SEI Select Small Cap (SEIS), SEI Select International Equity (SEIE), and SEI Select Emerging Markets Equity (SEEM), blending quantitative models with fundamental sub-advisor portfolios.

Themes ETFs Launches Transatlantic Defense ETF

Themes ETFs introduced the Transatlantic Defense ETF (NATO), tracking the Solactive Transatlantic Aerospace & Defense Index, which focuses on defense companies in NATO member states.

Schwab AM Announces Share Splits for 20 ETFs

Schwab Asset Management is conducting forward share splits on 20 ETFs, including SCHG, SCHD, and SCHM, with splits ranging from 2-for-1 to 4-for-1, effective October 11, 2024.

NEOS Investments Files for Real Estate High Income ETF

NEOS filed for a new actively managed fund focusing on real estate stocks and ETFs, utilizing a call options strategy to generate high monthly income with limited upside potential.

Nest Egg and ZEGA Financial File for NestYield Total Return Guard ETF

The NestYield Total Return Guard ETF will seek income with U.S. equity exposure, using covered calls and put options for downside protection and limited upside potential.

Nest Egg and ZEGA Financial File for High Income ETF

The NestYield Visionary ETF will invest in large-cap equities, using options strategies like call spreads and in-the-money puts to generate income while protecting against downside risk.

Matrix Asset Advisors Files for Value-Focused Large-Cap ETF

Matrix Asset Advisors filed for the Matrix Advisors Value ETF, targeting large-cap U.S. value stocks using Classic Valuation Analysis.

TrueMark Investments Files for Large-Cap Fund-of-Funds ETF with Downside Protection

TrueShares Seasonality Laddered Buffered ETF (ONEZ) will invest in Buffered and Hedged ETFs, using options to reduce volatility and mitigate market losses.

Roundhill Investments Files for 2X Leveraged China Dragons ETF

Roundhill filed for the Roundhill Daily 2X Long China Dragons ETF, which seeks to deliver 2X daily returns of the China Dragons ETF (DRAG), focusing on innovative Chinese firms.

Exchange Traded Concepts and Hanwha AM File for South Korean Defense and Aerospace ETF

The PLUS Korea Defense Industry Index ETF (KDEF) will track the Korea Defense Industry Index, investing in South Korean defense firms in sectors like aerospace and shipbuilding.

Genter Capital Files for Dividend-Focused U.S. Large-Cap ETF

Genter Capital filed for the Dividend Income ETF (GEND), which will invest in large-cap U.S. companies with strong dividend histories, using covered call options to generate income while capping upside.

Genter Capital Files for Dividend-Focused International Equity ETF

Genter Capital filed for the International Dividend ETF (GENW), targeting foreign companies via ADRs with strong dividend histories, using covered call options to enhance income while capping upside.

Canary Capital Files for Spot XRP ETF

Canary Capital filed its first ETF proposal for spot XRP exposure, following Bitwise’s filing amid growing demand and a more progressive regulatory environment.

BNY Mellon Appointed Custodian for WisdomTree’s US-listed ETFs

BNY Mellon will now provide custody, accounting, and administration services for WisdomTree’s US-listed ETFs, including its Bitcoin ETF, previously managed by U.S. Bank.

Segall Bryant & Hamill Seeks SEC Exemptive Relief for ETF Share Class

Segall Bryant & Hamill applied for SEC relief to offer both ETF and mutual fund share classes within the same fund structure, leveraging Vanguard’s expired patent.

SEC Delays Decision on Spot Ethereum ETF Options Again

The SEC postponed its ruling on listing options for spot Ethereum ETFs, pushing the deadline to December 3. This affects several ETFs, including BlackRock’s iShares Ethereum Trust.