Trading volumes have been lighter since Thanksgiving. Some are blaming the confusion over 2023 and what, if any, recession may occur. Others are blaming the World Cup, and indeed many trading desks seem obsessed with watching every game. But beneath the lower volumes has been some strong activity in many exchange-traded funds, as well as inflows. China is still rallying on the reopening headlines, so emerging market ETFs like KraneShares China Internet (KWEB) have seen inflows. The TSLA Bear...

The trading of bitcoin futures, off to a slow but respectable start this week at the Cboe, is about to be given a boost by two additional players: TD Ameritrade and the CME. The TD Ameritrade story is important because it operates the largest futures operation of any online brokerage firm. The firm just announced it will begin allowing trading of bitcoin futures on its futures platform on Monday. That means more retail participation and more liquidity. Second, the entrance of the CME is...

The race to get bitcoin futures is now on. The CBOE announced Monday it would begin trading bitcoin futures on Sunday evening at the start of global trading hours. The first full day of trading would be on Monday, Dec. 11. That would beat the CME, which has announced it, too, will begin trading bitcoin futures on Dec. 18, a week later, and the Nasdaq, which is also planning to introduce futures trading in the first half of 2018. Bitcoin enthusiasts are hopeful that a bitcoin ETF might be...