BlackRock is growing their Megatrends ETF suite with the announcement of the launch of the BlackRock Future Financial and Technology ETF (BPAY). BPAY will be actively managed looking to invest in companies that are helping create innovate and upcoming technology.
Teucrium Launches Service For ETF Issuers
The agricultural futures ETF sponsor, Teucrium has recently announced that they will soon launch a white label ETF. They also included there will be a sub-advisory as well as marketing services for ETF issuers. A quote from Teucrium’s Portfolio Manager states, “Investors are increasingly seeking access to alternative markets. There is an opportunity for fund sponsors to offer new strategies to help meet this growing demand.”
JP Morgan AM Expands BetaBuilders Suite With U.S. Small Cap ETF
JP Morgan Asset Management is expanding on it BetaBuilders passive ETF suite with the launch of the the JPM BetaBuilders US Small Cap Equity UCITS ETF (BBSC). BBSC is available on the London Stock Exchange, Borsa Italiana, and the Deutsche Boerse. The fund offers investors exposure to 1,500 small-cap U.S. companies by tracking the Morningstar US Small Cap Target Market Exposure index.
Another Spot Bitcoin ETF To Launch In Australia
The Australian ETF company Monochrome, has announced that they will soon be launching another spot Bitcoin ETF, joining an already crowded market. The said fund has been given regulatory approval to invest directly in Bitcoin.
New ETFs With Exposure To SPIKES
Miami International Holdings in partnership with T3, have just announced the launch of two new ETFs. The funds are, the ConvexityShares 1x SPIKES Futures ETF (SPKX) and the ConvexityShares Daily 1.5x SPIKES Futures ETF (SPKY). Both ETFs will offer exposure to the volatility of the SPDR S&P 500 ETF Trust (SPY) as well as the SPIKES Future Short-Term Index.
Morgan Stanley Ready To Launch ETFs
After a long wait Morgan Stanley has announced they are ready to launch their first series of ETFs. The launch will include four ESG-index ETF with three of them tied to the Calvert principles. The ETFs are, the Calvert U.S. Large Cap Core Responsible Index ETF, the Calvert U.S. Mid-Cap Core Responsible Index, the Calvert International Responsible Index ETF, and the Calvert U.S. Large-Cap Diversity, Equity, and Inclusion Index ETF.
Potential iPhone Cost Increase Could Open Some Short-Term Trading Options
A rumor has come out that shows the new generation of iPhones will have a $100 price increase. The new increase could cut down some of the demand for their flagship product making an opportunity for short-term trading as uncertainty begins to set.
Meme ETFs Showing Some Life
As signs of peak inflation start to show, thematic and meme ETFs have started seeing life again. The Roundhill Meme ETF (MEME) has been up 24% since July, the VanEck Social Sentiment ETF (BUZZ) is up 17%, and the SoFi Social 50 ETF (SFYF) is up 16%.
DRLL Energy ETF Sees $100M In First Week
The recently launched Strive U.S. Energy ETF (DRLL) has hit the market running showing over $100 million in assets under management with $160 million traded in the first week. DRLL invests in energy as a way to push back against a flurry of ESG ETFs that they believe are suppressing U.S. energy.
Top Performing ETFs of the Week
These were the top performing ETFs of the week.
PBUG — Pacer iPath Gold Trendpilot ETN +37.40%
NRGU — MicroSectors U.S. Big Oil Index 3X Leveraged ETN +32.06%
OILU — MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN +30.76%
GUSH — Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares +22.53%
DIG — ProShares Ultra Oil & Gas +18.37%