FCA Announces Future Cessation And Non-Representativeness Of Libor Benchmarks - Finance and Banking mondaq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondaq.com Daily Mail and Mail on Sunday newspapers.
3 Bitcoin ETFs Have Been Approved in North America
There are now three bitcoin exchange-traded funds (ETFs) in North America, all approved within the past month by Canada’s securities regulators. They are currently trading on the Toronto Stock Exchange. The latest approved bitcoin ETF, backed by Mike Novogratz’s Galaxy Digital, began trading Tuesday.
3 Bitcoin ETFs in Canada
Canada’s securities regulators have approved three bitcoin exchange-traded funds (ETFs) within the past month. The first approved North American bitcoin ETF was Purpose Bitcoin ETF, followed by Evolve Bitcoin ETF. Both are now trading on the Toronto Stock Exchange (TSX).
The third one is CI Galaxy Bitcoin ETF, which started trading on the TSX exchange Tuesday. This bitcoin ETF is trading under the ticker symbols BTCX.B and BCTX.U. The former trades unhedged in Canadian dollars while the latter trades in U.S. dollars. The announcement describes:
CI Galaxy Bitcoin ETF Begins Trading on the TSX with World s Lowest Management Fee of any Bitcoin ETF apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
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CI Global Asset Management (“CI GAM”) announced today that it has filed and obtained a receipt for a preliminary prospectus for CI Galaxy Ethereum ETF (“ETHX” or the “ETF”). When launched, it is expected to be the first ETF in the world to invest directly in Ether, the cryptocurrency built on the Ethereum blockchain.
“Cryptocurrencies are transforming the financial world, and we are excited to launch the world’s first ETF investing directly in Ether, one of the most highly valued cryptocurrencies,” said Kurt MacAlpine, Chief Executive Officer of CI Financial, the parent company of CI GAM.
“CI is quickly establishing a leadership position in this space, having launched CI Galaxy Bitcoin Fund and recently filing a preliminary prospectus for CI Galaxy Bitcoin ETF, in partnership with blockchain and cryptocurrency experts Galaxy Digital. With these funds, we are reducing the friction point
Stimulus that saved markets from collapse in 2020 now may be a key risk, warns Putnam Investments MarketWatch 1/26/2021
IN ONE CHART
Financial markets avoided collapse last year when the coronavirus first cut a deadly path across the globe, largely because the U.S. and other developed nations rolled out trillions of dollars’ worth of pandemic stimulus.
But as COVID-19 vaccines roll out, albeit with fits and starts in the U.S., financial markets could risk running on a “sugar high,” according to Putnam Investments, a global money manager with $192 billion in assets under management.
From Putnam’s standpoint, a key risk in 2021 is a further “melt up” in risk assets. “It would be driven in part by the very same policy stimulus that has helped protect the global economy from collapse,” Putnam’s Jason Vaillancourt, co-head of global asset allocation, wrote in a co-authored first-quarter outlook distributed Monday. “Nobody rings a bell at the top.”