What You Need to Know
Alpha Architect has plans for an ETF that invests in companies associated with cryptocurrency mining; Osprey Funds, sponsor of the Osprey Bitcoin Trust.
RIA Digital Assets Council partnered with the New York Institute of Finance for its certificate program.
Schwab and Nuveen add new funds.
In another twist on the rush to sponsor a cryptocurrency ETF, Alpha Architect has filed an application with the Securities and Exchange Commission to launch an ETF that invests in companies associated with the mining of cryptocurrencies rather than in cryptocurrencies themselves.
The Alpha Architect ETF Trust plans to invest at least 80% of its assets in the equities of companies “actively involved in the entire spectrum of cryptocurrency mining, from producers of computer chips (foundries), to manufacturers of computer equipment (manufacturers),” to directly investing in market participants creating cryptocurrency themselves (miners), but it will not invest direct
On Thursday, Charles Schwab Investment Management, Inc. (CSIM) announced that the
Schwab International Dividend Equity ETF (SCHY) is expected to begin trading on or around April 29, 2021. With an operating expense ratio (OER) of 0.14%, the fund will be among the lowest cost ETFs providing exposure to international dividend equity securities.
The investment seeks to track as closely as possible, before fees and expenses, the total return of the Dow Jones International Dividend 100 Index, which is composed of high dividend yielding stocks issued by companies outside the United States. Normally it will invest at least 80% of its net assets in stocks included in the index, including depositary receipts representing securities of the index, which may be in the form of ADRs, GDRs, and EDRs.