Fidelity is seeking approval for 2 crypto-metaverse ETFs
The funds will track Fidelity proprietary Crypto Industry and Digital Payments and Metaverse indices. Fidelity filed two prospectuses for crypto-metaverse ETFs for regulatory approval. The proposals are for the Fidelity Crypto Industry and Digital Payments ETF and the Fidelity Metaverse ETF.
First Trust Launches Gaming, Streaming ETF
The First Trust S-Network Streaming & Gaming ETF (BNGE) debuted on the NYSE Arca Wednesday.
BNGE follows an index that takes into account the following factors, companies must have at least $100 million in market capitalization and $3 million in average daily trading volume.
Asia high-yield ETF inflows surge
Despite a terrible performance over the past year Asia high-yield ETF inflows surge. The Singapore-listed iShares Barclays USD Asia High-Yield Bond ETF attracted $1.37bn in net inflows in the last three months of 2021. Haitong International’s High Yield Corporate Bond ESG ETF, saw its assets grow tenfold to $205.9m over the same period.
Tuttle Capital Short Innovation ETF up 42.14% on the year
Ticker symbol SARK – NDAQ, SARK is a short ETF. The ETF uses swap contracts to attempt to achieve the inverse performance of ARKK on any single day. ARKK is the ETF of famed Cathy Wood. As of 1/27/2022 the SARK ETF which essentially takes short positions on any of ARKK’s holdings is up 42.14% on the year.
The SEC Rejects Fidelity’s Wise Origin Bitcoin ETF Proposal
The U.S. Securities and Exchange Commission (SEC) refused to approve a Fidelity spot bitcoin exchange-traded fund (ETF). “While we are disappointed by the outcome of the SEC’s deliberations resulting in today’s disapproval order, we reaffirm our belief in market readiness for a physical bitcoin exchange traded product and look forward to continued constructive dialogue with the SEC,” said a spokesperson from Fidelity.