 "What is Exchange Traded Fund (ETF)?")
ETF
What is Exchange Traded Fund (ETF)?
An exchange traded fund,or ETF, is a cluster of different securities merged together in a single fund that is traded on the stock exchange. Most ETFs track a benchmark or an index and try to replicate its performance, making it easier for an investor to buy or sell their shares of an ETF through a broker. ETFs trade at the stock exchange much like the price of other stocks.
Objective of ETF
The objective of an ETF is to offer an array of investment strategies at low cost and is not limited to stocks. An investor can invest in bonds, commodities,
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Latest Updates on ETF
Cboe set to launch cash-settled Bitcoin ETF options as crypto booms
Crypto derivatives such as options and futures have been largely traded outside the US given regulations related to such contracts within the country
 "Cboe set to launch cash-settled Bitcoin ETF options as crypto booms")
Gold, silver ETF volumes up 5-fold in Dhanteras compared to last year
Gold and silver ETFs from Nippon India Mutual Fund, the largest in the category, alone recorded a combined volume of Rs 228 crore
 "Gold, silver ETF volumes up 5-fold in Dhanteras compared to last year")
Bitcoin traders refocus on $71,000 price level with cash flowing into ETFs
Cryptocurrencies dropped last week, following a report that US was investigating stablecoin issuer Tether Holdings Ltd. for possible violations of sanctions and anti-money-laundering rules
 "Bitcoin traders refocus on $71,000 price level with cash flowing into ETFs")
BlackRock's AUM hit record $11.5 trillion on market rally, ETF boost
Assets managed by BlackRock shot up to $11.48 trillion in the third quarter, compared with $9.10 trillion a year earlier and $10.65 trillion in the second quarter
 "BlackRock's AUM hit record $11.5 trillion on market rally, ETF boost")
ICICI Prudential Mutual Fund unveils two passive funds: Check details
Both offerings fall under the smart beta category, focusing on a factor-based strategy to provide investors with a low-cost, value-driven investment approach
 "ICICI Prudential Mutual Fund unveils two passive funds: Check details")
Global gold ETFs lose $6.7bn in 2024; worst H1 drop in 11 years: WGC
WGC defines gold ETFs as regulated securities that hold gold in physical form. These include open-ended funds traded on regulated exchanges and other regulated products like closed-end funds and MFs
 "Global gold ETFs lose $6.7bn in 2024; worst H1 drop in 11 years: WGC")
With ETF demand cooling, Bitcoin faces worst month since FTX crash
The original cryptocurrency is down 14% in April, the most since it slumped 16% in November 2022. The US-ETF induced mania took Bitcoin to a record high of almost $74,000 in March
 "With ETF demand cooling, Bitcoin faces worst month since FTX crash")
Bitcoin tops $73,000 level to hit new record on insatiable ETF demand
The world's largest cryptocurrency reached a high of $73,664 on Wednesday, before paring its rise slightly to trade at around $73,080 as of 8:29 a.m. in New York
 "Bitcoin tops $73,000 level to hit new record on insatiable ETF demand")
Y-Combinator-backed Mudrex to offer Bitcoin Spot ETFs to Indian investors
It comes at a time when Bitcoin touched its all-time high of $71,677 on Monday mainly due to the enthusiasm around Bitcoin ETFs
 "Y-Combinator-backed Mudrex to offer Bitcoin Spot ETFs to Indian investors")
Bitcoin slips back toward $40,000 mark as ETF excitement simmers down
The world's largest virtual token declined as much as 3.4% by 7.30 a.m. in New York on Monday, hitting a low of $40,352 - just shy of its lowest point of 2024 recorded on Friday
 "Bitcoin slips back toward $40,000 mark as ETF excitement simmers down")
Crypto emerges from the shadows
US decision to allow spot bitcoin ETFs marks the latest win for this asset class
 "Crypto emerges from the shadows")
Crypto wrap: High volatility in market after SEC's approval of Bitcoin ETFs
The crypto market witnessed many highs and lows during the week. Bitcoin touched its highest level in 22 months and soon wiped off the gains
 "Crypto wrap: High volatility in market after SEC's approval of Bitcoin ETFs")
Bitcoin at 21-month-high as US SEC approves Bitcoin ETF from heavyweights
After the announcement, Bitcoin briefly touched $47,600, the highest since December 2021, before cooling down to $46,600 for the first time since April 2022
 "Bitcoin at 21-month-high as US SEC approves Bitcoin ETF from heavyweights")
Bitcoin surpasses $45,000 for 1st time in 2 yrs on ETF approval hope
Bitcoin has risen over 20 per cent since the start of December as a Jan. 10 deadline for the US Securities and Exchange Commission to give its blessing for a spot ETF Bitcoin draws closer.
 "Bitcoin surpasses $45,000 for 1st time in 2 yrs on ETF approval hope")
Crypto wrap: Bitcoin gains on Argentina's endorsement, ETF anticipation
Experts suggest that Bitcoin may soon reach the $48,000 level if the momentum persists
Crypto wrap: US Fed's commentary on rate cuts in 2024 keeps market volatile
Cryptocurrency news: The outlook for 2024 continues to remain positive, mainly on the back of Bitcoin ETFs
 "Crypto wrap: US Fed's commentary on rate cuts in 2024 keeps market volatile")
Investment by EPFO in ETFs crosses Rs 2.5 trillion: Rameswar Teli to LS
The body had invested Rs 14,983 crore in ETFs in 2016-17, Rs 24,790 crore in 2017-18, Rs 27,974 crore in 2018-19, Rs 31,501 crore in 2019-20, and Rs 32,071 crore in 2020-21, according to the reply
 "Investment by EPFO in ETFs crosses Rs 2.5 trillion: Rameswar Teli to LS")
At $35,198, Bitcoin climbs to highest since May 2022 on ETF excitement
A Bitcoin ETF is expected to make buying and selling Bitcoin easier through the stock market
 "At $35,198, Bitcoin climbs to highest since May 2022 on ETF excitement")
Govt exempts investment trusts, ETFs from capital gains tax in GIFT City
Gujarat International Finance Tec-City (GIFT)-IFSC is being promoted as a tax-neutral enclave for the financial sector
 "Govt exempts investment trusts, ETFs from capital gains tax in GIFT City")
Some active funds made hefty bets on Jio Financial amid ETF selling
The report is based on MF portfolio data of only the active market-cap based schemes like largecap, smallcap and multicap
 "Some active funds made hefty bets on Jio Financial amid ETF selling")
