San Francisco-based company Bitwise is joining a growing flock of companies looking to launch the first exchange-traded fund for cryptocurrency. Recent rumors of SEC approval have pushed bitcoin prices above $8,000 this week. Bitwise filed with the SEC for the “HOLD 10 Cryptocurrency Index Fund” and aims to launch a market-cap-weighted index of the 10 largest cryptocurrencies.
Providers are scrambling to boost distribution capabilities for ETFs.
With a recent survey by State Street ETFs showing that some 83% of professional investors questioned expect demand for ESG ETFs to increase over the next five years, TrackInsight looks at the future of the sector. The diversity of the funds on offer means concrete statistics are hard to gather, but what is it that investors want from ESG and which providers can rise to the challenge?
Investors have flocked to Saudi Arabia following market-friendly reforms and the announcement that the Kingdom will be promoted to emerging market status next year.
European stocks, and particularly the German market, have been hit once again over recent days by the possibility of political turmoil in Germany caused by disagreements within the ruling coalition over the country’s migrant policy.
Investors have been less keen on exchange traded funds lately as a result of market volatility in some of the most popular investment areas, with total assets invested in the sector globally decreasing by a record $180.1 billion in February, according to ETFGI.