First ETF with 100% protection against losses launches in US
Is it the perfect product? The world's first ETF to offer 100% protection against losses (not including management and transaction fees) launched today in the U.S. The Innovator Equity Defined Protection ETF $TJUL will focus on the SP500 and use options to shield investors from losses. The fund, which requires investors to forgo some potential gains, is aiming to disrupt the annuities market. Source: Barchart, FT
SEC Formally Accepts BlackRock Spot Bitcoin ETF Application for Review
SEC Formally Accepts BlackRock Spot Bitcoin ETF Application for Review. The procedural move suggests that the federal agency will give the closely-watched application a serious look. BlackRock's application to offer a spot Bitcoin exchange-traded fund (ETF) has been added to the official docket of the Securities and Exchange Commission as part of its proposed rule change process. The move, recorded late Thursday, advances the most closely-watched Bitcoin-related proposal to the SEC to date. Source: Decrypt
$ARKK Cathie Wood's innovation ETF pushing to new 2023 highs
Source: Trend Spider
Biggest Junk-Bond ETF Draws Most Cash Since 2020 as Debt Rallies
HYG ETF attracted $1.7 billion of inflows amid cross-asset rally Source: Bloomberg
Ark Invest Innovation ETF ($ARKK) investors have lost more than $11 billion since inception
$ARKK investors lost more than FTX customers after its collapse - Source: Bloomberg, Michel Arouet
ETF flows: Investors have shifted back towards risk
45%% of ETF inflows concentrated in equity funds over past month; only 7% of flows have been into U.S. government bond funds. Arbor Research
#Samsung posts upbeat #earnings ! #stocks #trading #markets #Nasdaq #trending
Samsung reported better than expected revenue, signaling tech earnings may not be as bad as some feared about weakening demand and a rise in material costs. Investors are slowly shifting toward the view that the economic slow down may not be as painful as thoughts a few weeks earlier and there are increasing signs that inflation should ease in the medium term.
