This Week in ETFs: Spot Bitcoin Funds Storm the Gates
From Nasdaq:
1. 10 physical bitcoin ETFs, the first of their kind, were introduced in the first week of 2024. Key players include WisdomTree, Grayscale, Bitwise Asset Management, ARK Investment Management, 21Shares, Invesco, Galaxy, Fidelity Investments, Franklin Templeton, BlackRock, VanEck, and Valkyrie.
2. Other new ETFs included those by Matthews Asia, Vest, and T-REX partnership. The Matthews Asia funds focus on small- and midcap stocks in their targeted markets, with expense ratios of 0.89%. The T-REX brand introduced three 2X single-stock ETFs offering leveraged exposure to the performance of Apple, Alphabet, and Microsoft.
3. Vest launched Vest 2 Year Interest Rate Hedge ETF (HYKE), expected to rise when the two-year rate increases, and IDXShares rolled out the IDX Dynamic Fixed Income ETF (DYFI), an actively managed fund mainly investing in other ETFs tracking segments of the fixed income markets.
4. Three funds saw their last day of trading during the week.
For more news, information, and analysis, visit VettaFi | ETF Trends. Read more on ETFTrends.com.
Read more: This Week in ETFs: Spot Bitcoin Funds Storm the Gates