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Top Performing ETFs of the Week

These were the top performing ETFs of the week. MLPO — Credit Suisse S&P MLP Index ETN +90.98% BOIL — ProShares Ultra Bloomberg Natural Gas +36.09% GAZ — iPath Series B Bloomberg Natural Gas Subindex Total Return ETN +17.45% UNG — United States Natural Gas Fund LP +17.02% GDXU — MicroSectors Gold Miners 3X Leveraged ETN +12.82%

Worst Performing ETFs of the Week

These were the worst performing ETFs of the week. KOLD — ProShares UltraShort Bloomberg Natural Gas -29.09% UVIX — 2x Long VIX Futures ETF -19.25% SPKY — ConvexityShares Daily 1.5x SPIKES Futures ETF -15% UVXY — ProShares Ultra VIX Short-Term Futures ETF -14.67% EVAV — Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares -13.96%

Bitwise To Launch Bitcoin Futures ETF

As cryptocurrency continues to go through ups and downs of uncertainty Bitwise is looking to launch a new fund Bitcoin futures ETF. In a recent filing Bitwise shows plans to launch the Bitcoin Strategy Optimum Yield ETF (BITC) which will offer exposure to Bitcoin futures contracts that trade on the CME. BITC also plans to offer exposure to short-term debt securities.
ETF Newz Says:

Bitwise was quoted stating that BITC will not hold Bitcoin directly as the SEC has not approved them yet.

Phillip Capital Launches Hong Kong IPO ETF

The Hong Kong management company Phillip Capital has just announced the launch of their first ETF in the country. The fund is called, the Phillip HK Newly Listed Equities Index ETF (2835 HK) and looks to track some of Hong Kong’s most recently added equities. The strategy will target new initial public offerings (IPOs) that look to have high growth potential as well as companies that have already built a reputation in Mainland China but look to list in Hong Kong. A quote from the CEO of Phillip Capital states, “The Hong Kong market will continue to be a magnet for the listing of the next Tencent or Alibaba, Our ETF will offer...
ETF Newz Says:

The ETF is linked the the Solactive Hong Kong Newly Listed Equities Index which is made up of stocks that have launched in Hong Kong within the last three years.

AXA IM Launches Rules-Based Nasdaq 100 ETF

AXA Investment Management has just announced the launch of another European ETF looking to follow a rules-based strategy. The AXA IM Nasdaq 100 UCITS ETF (ANAU) marks the third launch in Europe from AXA IM and is available for trade on the Deutsch Boerse. As the name suggests, ANAU will track the Nasdaq 100 index seeking exposure to some of the largest U.S. and international non-finance companies. The index will have a focus on companies in the industries of, technology, healthcare, industrials, materials, and telecommunications.
ETF Newz Says:

The Nasdaq 100 is the home of many of the biggest tech and industrial companies in the U.S.