Such funds have not been available for US investors before Crypto prices rise as Ether-futures ETFs get set to launch Before it’s here, it’s on the Bloomberg Terminal LEARN MORE The first-ever exchange-traded funds based on Ether futures are slated to begin trading in the US, capping a years-long battle by firms to provide investment vehicles centered on the second-largest digital token. ProShares, VanEck and Bitwise, among others, said they are debuting funds on Monday, according to...

It didn’t take much to reveal just how fearful global markets are about a change in Japan’s ultra-loose monetary policy. News the Bank of Japan was mulling a hawkish tweak to years of capping bond yields ignited a small-scale tempest across US markets Thursday. Treasury yields spiked, the yen rallied, and US stocks swung to a loss. Shaken markets continued to gyrate after the BOJ outlined the changes Friday. Pain is spreading across a number asset classes as traders come to grips with the...

Fidelity Investments is planning to convert six more of its mutual funds into exchange-traded funds, adding to a trend that’s marked nearly $100 billion in assets. The Boston-based asset manager will turn the six actively managed mutual funds into ETFs in November, according to a filing Wednesday. Those funds collectively manage assets worth roughly $13 billion. The Fidelity Large Cap Value Enhanced Index Fund, with $5.2 billion in assets, is the largest fund set to undergo the...

LISTEN TO ARTICLE 3:07 SHARE THIS ARTICLE Share Tweet Post Email Photographer: Daniel Acker/Bloomberg A once-obscure ETF tracking airlines soared past $1 billion, largely bolstered by day trading. The US Global Jets exchange-traded fund, ticker JETS, posted its 64th consecutive day of inflows on Tuesday, according to data compiled by Bloomberg. Its growth has been staggering: The ETF held just $33 million in early March as the coronavirus pandemic grounded global air travel. The fund’s top...

LISTEN TO ARTICLE 1:44 SHARE THIS ARTICLE Share Tweet Post Email Photographer: Dimas Ardian/Bloomberg This week’s stock turmoil has finally ended the relentless inflows into a once-niche ETF investing in airlines. The U.S. Global Jets exchange-traded fund, ticker JETS, posted a $14 million outflow as the shares of major carriers convulsed in recent days. That ended 70 consecutive days of inflows which had boosted assets in the fund to $1.4 billion from as little as $33 million in March,...