The global alternative investment space now sits at more than $9 trillion in global assets, and we’re just getting started. Roughly 40% of RIAs are using alternative investments. With the RIA space expanding and alternative investment demand rising among investors – a surge in data, news, and opinion will continue. This channel cuts through the noise to give you the most important actionable insight.
Galaxy Digital, the cryptocurrency investment firm led by Mike Novogratz, has filed an application with the SEC to launch a bitcoin ETF that will trade on the NYSE Arca. The preliminary prospectus states that “the trust provides direct exposure to bitcoin. The shares are valued on a daily basis based on data from bitcoin pricing sources.”
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The BlackRock US Carbon Transition Readiness ETF (LCTU), which began trading on Thursday, won the crown for being the largest ETF launch ever, drawing investments of $1.25 billion from institutional investors. BlackRock also launched the BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD) alongside the US ETF. This ETF attracted $475 million in investments.
SEBA Bank, a FINMA-licenced Swiss Bank, and GHCO, a liquidity provider and market maker specializing in exchange-traded funds, have partnered to launch a suite of crypto ETPs on the SIX Swiss Exchange from April 9, 2021.
Asset manager Coinshares is partnering with 3iQ for the launch of the 3iQ Coinshares Bitcoin ETF. The move follows a strategic investment by CoinShares in 3iQ. The ETF is expected to trade on the Toronto Stock Exchange from early April under the symbols “BTCQ.U” (in US dollars) and “BTCQ” (in Canadian dollars). 3iQ will act as the investment and portfolio manager of the ETF.
CI Global Asset Management announced Monday the launch of the first mutual fund to offer exposure to bitcoin. The CI Bitcoin Fund requires a minimum investment of only $500 and charges a management fee of 0.40% – claimed to be an industry-low. With the launch of this product, CI Global earns the distinction of being the only firm across the globe to offer a bitcoin mutual fund as well as a bitcoin ETF.
In a blog post today, Grayscale cleared the air on its intentions regarding a bitcoin ETF, given the increasing number of applications piling up with the SEC for permission to launch such a vehicle for the leading cryptocurrency.
As investors accord increasing importance to ESG and clean energy in their portfolios, hydrogen is now making its way onto the center-stage of fuels that are renewable, zero-emission, and a store of energy. The Direxion Hydrogen ETF (HJEN) will give investors exposure to companies powering the clean hydrogen economy.
Mary Rich, the new incumbent leading digital assets for Goldman Sachs’ private wealth management division, said the investment bank will begin offering investments in bitcoin and other digital assets as early as the second quarter of this year.
BlackRock has launched two new ETFs as an extension of its sustainability-focused fixed income ETFs range. The iShares € Green Bond Ucits ETF offers exposure to investment-grade green bonds, while the iShares Global Govt Bond Climate Ucits ETF offers investors exposure to government bonds while incorporating climate risk.
Fidelity International has launched its first fixed income ETFs, and the two new funds come with the added benefit of a sustainable skew. The Fidelity Sustainable Global Corporate Bond Multifactor and Fidelity Sustainable USD EM Bond UCITS ETFs offer a “systematic active strategy” to investors while utilizing the firm’s proprietary analyst research.
Speaking on a Bloomberg interview, Soros Management Fund Chief Investment Officer (CIO) Dawn Fitzpatrick took a bullish stance on bitcoin and infrastructure surrounding cryptocurrencies such as exchanges, custody agents, even tax reporting. She revealed that the fund had invested in the latter. Regarding bitcoin, she said it was positioned at an inflection point.
Stance Capital announced last week the launch of its Stance Equity ESG Large Cap Core ETF (NYSE: STNC). Stance previously offered ESG exposure via an active, semi-concentrated strategy, with a proprietary machine learning model and risk optimization overlay in separately-managed-accounts (SMA) for institutions and high net worth individuals, and through model delivery across a range of platforms.
The UBS Climate Aware Global Developed Equity CTB UCITS ETF provides investors with access to large- and mid-cap global stocks that have a strong climate-positive profile, are compliant with UBS’ Climate Aware framework, and tilt towards the global transition to a low carbon economy.
Adding to the SEC’s growing pile of applications from asset managers to launch a bitcoin ETF is a new one from Valkyrie Digital Assets, but this one comes with a twist. The firm has filed for an ETF to be launched with the name “Valkyrie Innovative Balance Sheet ETF.”
The pandemic has brought food waste under a disapproving glare, and Japanese companies are rushing to comply with the country’s new law that aims to cut food waste levels by 50% (from 2000 levels) by 2030. Many of these companies are deploying artificial intelligence (AI) to address the menace of food waste. It costs Japan $19 billion to handle its annual food waste of 6 million tons.
Defiance ETFs announced Wednesday their launch of the Next Gen H2 Fund (NYSE: HDRO), the first of its kind in the U.S., that will focus on hydrogen as a cleaner source of energy. The fund will invest in companies engaged in the development of hydrogen-based energy sources and fuel technologies.
Alternative Investments/Hedge Funds: ASYMmetric Launches The ASYMshares ASYMmetric 500 ETF With An All-Weather, Long-Short Strategy
ASYMmetric ETFs, LLC announced the launch today of its ASYMshares ASYMmetric 500 ETF (NYSE: ASPY), calling it a disruptive risk management tool. The turnkey investment solution seeks to provide protection against bear market losses and to capture the majority of bull market gains.
Alternative Investments/Digital: As Hackings Get Bigger, More Sophisticated, CyberSecurity ETFs May Benefit
Last week Microsoft blamed the “Hafnium” group and the Chinese state for hacking its Outlook email software, allegedly compromising 20,000 U.S. organizations. On Sunday, the White House warned that though Microsoft (NASDAQ: MSFT) had issued a patch for its software, unresolved vulnerabilities remained. “This is an active threat still developing and we urge network operators to take it very seriously,” a White House official said.
After bitcoin ETFs from the Evolve Funds Group and Purpose Investment both listed on the TSX last month, a third ETF, this time from CI Global Asset Management, will debut on the Toronto Stock Exchange tomorrow (March 9).
The Block, which had access to the results of a survey of 280 Goldman Sachs (NYSE: GS) clients on the subject of digital asset investing, reported that investors are bullish on the prospects of cryptocurrencies.
Invesco has launched its Global Clean Energy UCITS ETF on the London Stock Exchange denominated in US dollars (GCLE LN) and pound sterling (GCLX LN). The new thematic ETF is linked to the WilderHill New Energy Global Innovation Index from WilderShares, LLC. The expense ratio of the ETF is 0.60%.
Man Group (LON: EMG), the listed London-headquartered global hedge fund group, reported a strong set of numbers for 2020. Aggregate AUM moved up sharply to a record $123.6 billion as of end-December. Despite the pandemic, Man attracted net investor inflows of $1.8 billion, which reversed 2019’s outflows of $1.3 billion.
The pressure is now building upon the SEC for approving a bitcoin ETF. Shortly after the Canadian regulators approved two bitcoin ETFs, the Chicago Board Options Exchange (CBOE) has notified the US SEC of its intention to list the BTC ETF from investment management firm VanEck and its Bitcoin Trust.