Crypto News 

SEC Set to Begin Fresh Consultation Period on CBOE-VanEck Bitcoin ETF

“The exchange had filed a rule change proposal to list and trade shares of the Bitwise Bitcoin ETF Trust” writes William Suberg for cointelegraph.com. United States regulator the Securities and Exchange Commission (SEC) says it will shortly commence the countdown period to approval or disapproval of the VanEck/SolidX Bitcoin exchange-traded fund (ETF).The move is the latest in a series of back-and-forth exchanges between the SEC and ETF sponsors.The Chicago Board Options Exchange (CBOE) — the exchange applying with the SEC to list the Bitcoin ETF — had withdrawn its application…

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News 

Apple and Amazon could be the next to disrupt ETFs

“As investing becomes more automated, tech companies like Amazon, Apple and Alphabet could bring their expertise to an industry stymied by distribution challenges, he suggested at the Inside ETFs conference in Hollywood, Florida, earlier this month” writes Keris Lahiff for cnbc.com. Tom Lydon, editor-in-chief of ETFTrends.com, agrees on the likelihood that tech companies will enter the financial services industry in the coming years.Brand and reputation could also help tech companies convince consumers to trust them with financial products, says Edelman.Are tech titans about to enter the world of ETFs?.  Source:…

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The CEO of Charles Schwab Investment Management says there’s a challenge facing ETFs for buzzy do-good funds, and it’s stopped the firm from entering the market

“It’s not for lack of investor interest: In the businesses’ weekly sales reports, Chandoha always hears demand for a fund” writes Meghan Morris for businessinsider.com. However, many of Schwab’s mass affluent clients don’t have the investment sizes to meet the thresholds for that kind of strategy.High net worth and institutional investors can design portfolios based on their preferred ESG factors, from climate change to diversity. For that group, Chandoha said the business is still working on a product.Sign up here for our weekly newsletter Wall Street Insider, a behind-the-scenes look…

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Crypto News 

SEC Starts Review of NYSE Arca’s Bitcoin ETF Rule Change Proposal

“According to the notice, the NYSE Arca exchange filed a rule change proposal to list and trade shares of the Bitwise Bitcoin ETF Trust under its NYSE Arca Rule 8.201-E on Jan. 28” writes Helen Partz for cointelegraph.com. The United States Securities and Exchange Commission (SEC) started reviewing a rule change proposal for NYSE Arca’s Bitcoin (BTC) exchange-traded fund (ETF) on Feb. 11, according to an official document published today, Feb. 15. Source: cointelegraph.com

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Crypto Futures News 

Proposal for ETF Following Bitcoin Futures, Sovereign Debt Withdrawn by SEC Request

“The United States (U.S.) Securities and Exchange Commission (SEC) has requested the withdrawal of a proposed exchange-traded-fund (ETF) submitted by Reality Shares ETF Trust, according to a letter published by the SEC on Feb. 12” writes Ana Alexandre for cointelegraph.com. No securities have been sold in connection with the offering of the Fund.” Reality Shares ETF Trust — which is a unit of crypto-focused fintech firm Blockforce Capital — initially filed a proposal for an ETF, that would invest in a portfolio which includes both sovereign debt instruments and Bitcoin…

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News Stocks 

Principal Financial held takeover talks with fund firm WisdomTree last year, and it shows how ETFs are driving a wave of M&A

“ETF manager WisdomTree held sale talks with asset manager Principal Financial Group late-last year, sources tell Business Insider” writes Bradley Saacks for businessinsider.com. The firm has partnered with distribution platforms like TD Ameritrade to offer model portfolios made up of WisdomTree and other asset managers’ ETFs.The industry is suffering from fee pressures, outflows, and increased market volatility, which has triggered some asset managers to consider striking deals.Shares of WisdomTree cratered in the last 12 months, falling 40% amid a broader sell-off among asset managers. Source: businessinsider.com

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News Oil Stocks 

Oil and gas stocks in broad rally; crude prices jump on reports of supply cuts

“Shares of oil and gas companies were broadly higher Wednesday, as reports of supply cuts and optimism on U.S.-China trade talks helped fuel a rally in crude oil prices” writes Reporter Editor for marketwatch.com. The energy ETF has hiked up 13.5% year to date, while the S&P 500 SPX, +0.48% has rallied 10.1%.Meanwhile, crude oil futures CLH9, +1.75% ran up 2.3%.The energy sector was the best performing of the S&P 500’s 11 key sectors, with the SPDR Energy Select Sector ETF XLE, +1.69% climbing 1.7% with all 30 equity components…

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BlackRock’s president just highlighted one fast-growing ETF product that will ‘catapult’ the $6 trillion firm

“Last year, overall fixed income ETF assets topped $600 billion for the first time, according to BlackRock – a small but growing corner of the $5 trillion overall ETF market” writes Meghan Morris for businessinsider.com. “We only right now cover 1% of all the fixed income that’s out there.”. The firm currently offers 87 fixed income ETFs, according to its website.BlackRock, the world’s largest investment firm, was founded as a fixed income shop before it expanded to a plethora of strategies.Now the firm is eyeing the asset class as a…

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News Stocks 

L3 Technologies boosts dividend by 6.3%

“LLL, +0.61% said Tuesday it raised its quarterly dividend by 6.3% to 85 cents a share from 80 cents a share” writes Reporter Editor for marketwatch.com. L3’s stock has rallied 9.0% over the past three months, while the industrial ETF has gained 3.5% and the S&P 500 has slipped 0.6%.The provider of communication and electronic systems to the government said its new dividend will be payable March 15 to shareholders of record on March 1.Based on Monday’s stock closing price, the new annual dividend rate implies a dividend yield of…

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Crypto News 

We are too quick ‘in running away from anything labeled crypto,’ SEC commissioner

“Read: One SEC commissioner is establishing herself as the voice of innovation for the crypto market Providing critical information for the U.S. trading day” writes Aaron Hankin for marketwatch.com. That is the latest from the SEC’s Hester M. Peirce, who is suggesting that the financial industry shouldn’t be too eager to eschew the crypto market.Read: SEC has to embrace risk, says Commissioner Peirce Read: The SEC’s rejection of the latest Winklevoss bitcoin ETF proposal offers a big silver lining The SEC is expected to give its final decision on the…

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