All posts tagged: ETFs

Gold bars, coins, ETFs to drive India’s gold demand in 2026: World Gold Council

Gold bars, coins, ETFs to drive India’s gold demand in 2026: World Gold Council

Published by Webster

Indian gold bar and coin demand, along with local exchange-traded funds (ETFs) should remain strong in 2026 as investors pivot toward pure investment products amid record-high prices. A World Gold Council report indicates that a gradual shift from jewellery to investment demand is expected to continue supporting the physical bullion market. The report suggests that equities may remain subdued and less attractive due to high valuations, potential tariffs, and foreign outflows. The report highlights that rampant investment interest in India recently produced two consecutive quarters of demand exceeding 90 tonnes for the first time since 2013. Annual demand also reached its highest level since that year, resulting in a record investment value of USD 32 billion. “The depreciating rupee throughout much of 2024 amplified the rise in the gold price, further fuelling momentum buying. Demand was strengthened by an apparent shift among some investment-motivated jewellery consumers towards lower-margin bars and coins,” the report noted. The rise in gold ETF buying remained a notable feature of the year, supported by new product listings designed to capture …

US SEC Approves Exchange Applications to List Spot Ether ETFs

Published by Webster

The U.S. Securities and Exchange Commission (SEC) on Thursday approved applications from Nasdaq, CBOE and NYSE to list exchange-traded funds (ETFs) tied to the price of ether, potentially paving the way for the products to begin trading later this year. While the ETF issuers also have to get the green light before the products can launch, Thursday’s approval is a major surprise win for those firms and the cryptocurrency industry, which until Monday had expected the SEC to reject the filings. Nine issuers including VanEck, ARK Investments/21Shares and BlackRock hope to launch ETFs tied to the second-largest cryptocurrency after the SEC in January approved bitcoin ETFs in a watershed moment for the industry. “This is an exciting moment for the industry at large,” said Andrew Jacobson, vice president and head of legal at 21Shares, noting it was “a significant step” towards getting the products trading. Thursday was the deadline for the SEC to decide on VanEck’s filing. Market participants were bracing for the thumbs-down because the SEC had not engaged with them on the applications. …

Crypto-Backed Investment Products Made Over $930 Million Last Week: CoinShares Data

Published by Webster

The past few months have brought in price spikes for majority cryptocurrencies, bringing back investors’ interest into the sector. In its recent data, CoinShares showed that investment products backed by digital assets like NFTs and cryptocurrencies managed to garner $932 million (roughly Rs. 7,766 crore) in last week’s four-day period between May 13 and May 17. This influx of capital in the digital assets arena happened soon after the US Labor Department’s Bureau of Labor Statistics released the consumer price index (CPI) data, which suggested that inflation status observed in April showed signs of cooling down. “The inflows were an immediate response to the lower-than-expected CPI report on Wednesday, with the latter three trading days of the week making up 89 percent of the total flows, highlighting our view that Bitcoin prices have recoupled to interest rate expectations,” CoinShares Research blog said in a blog post that it published on Medium on May 20. Weekly investments into Grayscale, iShares ETFs, Fidelity ETFs, Ark 21 Shares, ProShares ETFs, and Bitwise ETFs substanially swelled up last week …

Integrated theatre commands, Oleander flowers, Gold ETFs and more

Published by Parlour News

Front Page Armed Forces’ integrated commands structure plan looks at Vice CDS, Dy CDS with clear roles Syllabus: Preliminary Examination: Current events of national and international importance.  Mains Examination: GS-II, GS-III: Government Policies & Interventions, Various Security Forces & Agencies & their Mandate Security Challenges & their Management in Border Areas.  What’s the ongoing story- Ready with the organisational structure for the creation of integrated theatre commands, the Armed Forces are looking at the appointment of a Vice Chief of Defence Staff and a Deputy Chief of Defence Staff. Prerequisites:  — What are integrated theatre commands? — Kargil Review Committee on theaterisation of armed forces- What was there in the report? — Chiefs of Staff Committee (COSC) and Chief of Defence Staff- Compare and Contrast. Key takeaways:  — The three service chiefs will be responsible for raising, training and sustaining the individual services.  — The theatre commands look at integrating resources of the Army, IAF and Navy to meet threats emanating from three fronts: China, Pakistan and via the sea routes.  — Currently, the Army …

US Bitcoin ETFs See $4.6 Billion in Volume in First Day of Trading, Grayscale and BlackRock Dominate

Published by Webster

US-listed bitcoin exchange-traded funds (ETFs) saw $4.6 billion worth of shares trade hands as of Thursday afternoon, according to LSEG data, as investors jumped into the landmark products approved by the US securities regulator on Wednesday. The products mark a watershed moment for the cryptocurrency industry that will test whether digital assets – still viewed by many professionals as risky – can gain broader acceptance as an investment. Eleven spot bitcoin ETFs – including BlackRock’s iShares Bitcoin Trust, Grayscale Bitcoin Trust, and ARK 21Shares Bitcoin ETF, among others – began trading Thursday morning, kicking off a fierce competition for market share. Grayscale, BlackRock and Fidelity dominated trading volumes, the LSEG data showed. “Trading volumes have been relatively strong for new ETF products,” said Todd Rosenbluth, strategist at VettaFi. “But this is a longer race than just a single day’s trading. The green light from the US Securities and Exchange Commission for the products finally came late on Wednesday, following a decade-long tussle with the crypto industry. Some executives called out bitcoin as a high-risk investment, …

Crypto Price Today: Profits Take Over Crypto Charts as 11 BTC ETFs Bag Historic Approval in US

Published by Webster

Bitcoin on Thursday, January 11 minted a small profit and continued trading at the price point of $46,331 (roughly Rs. 38.4 lakh). In a historic development, the US SEC finally gave the green signal to 11 Bitcoin ETF applications that include Blackrock, Fidelity, and Invesco among others. This has ushered in an excitement-induced sentiment among the global crypto community even though Bitcoin did not show an immediate reaction to the development. Profits are beginning to seep onto the price chart in the backdrop of this development. Ether minted a profit of 9.99 percent on Thursday. With this, the value of ETH has touched the price point of $2,606 (roughly Rs. 2.16 lakh). This is a 20-month high for Ether. “The decision to greenlight 11 spot Bitcoin ETFs reflects a growing acceptance and recognition of digital assets within traditional financial markets. This move is expected to bring about increased adoption, liquidity, and overall market maturity. It also signifies a shift in the perception of cryptocurrencies from a niche asset class to one that is gaining mainstream …

US securities regulator approves bitcoin ETFs in watershed for crypto market

Published by Webster

The U.S. securities regulator on Wednesday approved the first U.S-listed exchange traded funds (ETFs) to track bitcoin, its Chair Gary Gensler said, in a watershed for the world’s largest cryptocurrency and the broader crypto industry. Physical representations of the bitcoin cryptocurrency are seen in this illustration taken October 24, 2023.(Reuters) The agency approved applications, including from BlackRock, Ark Investments and 21Shares, Fidelity, Invesco, and VanEck, among others, according to a notice on its website. Some products are expected to begin trading as early as Thursday. Wrap up the year gone by & gear up for 2024 with HT! Click here The products – a decade in the making – would be a game-changer for bitcoin, offering institutional and retail investors exposure to the world’s largest cryptocurrency without directly holding it, and a major boost for a crypto industry beset by a string of scandals. Standard Chartered analysts this week said the ETFs could draw $50 billion to $100 billion this year alone, driving the price of bitcoin as high as $100,000. Other analysts have said …

First Bitcoin ETFs approved by US regulators

Published by Webster

“While we approved the listing and trading of certain spot bitcoin ETP shares today, we did not approve or endorse Bitcoin,” said SEC chairman Gary Gensler, in a statement. “Investors should remain cautious about the myriad risks associated with bitcoin and products whose value is tied to crypto.” For the last 10 years, the SEC has denied every attempt to create a Bitcoin ETF, which is a bundle of assets that sort of works like a mutual fund. Unlike a mutual fund, though, these vehicles trade on exchanges, where stock market participants can easily buy and sell them. That’s crucial here — it means, basically, you can invest in Bitcoin without the bother of setting up your own wallet. That might be enough for certain kinds of investors who’ve been sitting on the sidelines to take the plunge into cryptocurrency. Crypto investors have been frothing about this — because in order to back their funds, the companies that issue ETFs will have to buy matching amounts of Bitcoin. The price of Bitcoin hardly budged on …

Bitcoin’s price spiked after a fake SEC tweet claimed ETFs were approved

Published by Webster

The Securities and Exchange Commission’s official social media account on X (formerly Twitter) posted a notice on Tuesday evening falsely claiming it had approved listings for Bitcoin exchange-traded funds, or ETFs, which has since been deleted. Moments later, SEC Chair Gary Gensler said in a post on his own account that the agency’s account was “compromised, and an unauthorized tweet was posted.” The SEC followed up with a post reiterating Gensler’s statement. A spokesperson for the SEC also confirmed to CNBC that an “unknown party” had accessed its account. Late Tuesday night, an unsigned post sent from the @Safety account said, “Based on our investigation, the compromise was not due to any breach of X’s systems. but rather due to an unidentified individual obtaining control over a phone number associated with the @SECGov account through a third party.” Mandiant, the cybersecurity firm owned by Google, was just one of the high-profile accounts that had fallen victim to hackers, as its account was hijacked last week to advertise a crypto scam that drained users’ wallets. The blockchain security …

Crypto Market Eyes Interest Rates, Expected Bitcoin ETFs in 2024 After Recovery

Published by Webster

After ending 2023 on a high, crypto investors will be watching central bank interest rates and a US regulatory decision on new bitcoin products as they decide how to place their bets next year. Cryptocurrencies staged a recovery this year after a torrid 2022 in which a market meltdown and a string of scandals, including the collapse of FTX and fraud charges against its CEO, Sam Bankman-Fried, undermined the credibility of the industry. The price of bitcoin, the biggest cryptocurrency and the market’s chief barometer, has more than doubled this year, reaching a 20-month high in November of $42,000 (about Rs. 35 lakh) per token. As of Friday, 2023 was its best year since 2020 in terms of percentage gains. The market has been buoyed by expectations that cooling inflation will allow central banks globally to forgo further rate hikes and start easing next year, making risk assets more attractive. A long-anticipated move by the US Securities and Exchange Commission (SEC) to approve a spot bitcoin exchange-traded fund (ETF) has also been a boost. Those themes, …