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SEC seeks private vendors to translate blockchain data
February 6, 2019--The commission wants to hire a private vendor to gather data from the "most widely used blockchain ledgers" to help it police digital assets
The Securities and Exchange Commission wants to hire a private vendor to gather data from the "most widely used blockchain ledgers" to help it police digital assets.
The agency didn't name the ledgers but its requirement that they be widely used suggests the SEC would include those underpinning cryptocurrencies such as bitcoin and ethereum.
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Source: rollcall.com
AdvisorShares Launches New Active ETF Focused on Cloud, Digital Ledger and Blockchain Technologies
February 6, 2019--AdvisorShares Sabretooth ETF (Ticker: BKCH) begins trading on Thursday, February 7th
AdvisorShares, a leading sponsor of actively managed exchange-traded funds (ETFs), announced that the AdvisorShares Sabretooth ETF (Ticker: BKCH) will begin trading on February 7, 2019. BKCH is managed by Sabretooth Advisors, a firm with deep expertise rooted in the ETF and capital market industries. Sabretooth also sub-advises the AdvisorShares New Tech and Media ETF (Ticker: FNG).
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Source: SEC.gov
MJ-The ETFMG Alternative Harvest ETF Surpasses $1 Billion in Assets
February 6, 2019--Thematic ETF Issuer, ETF Managers Group (ETFMG), is excited to announce that the ETFMG Alternative Harvest ETF, better known as MJ, has officially joined the "billion dollar club".
After less than 14 months of trading on the NYSE the Fund achieved an impressive milestone by passing $1 billion in assets under management (AUM) on February 4, 2019.
MJ is now the largest cannabis ETF in the world and remains the first and only U.S. listed ETF to target the global cannabis industry directly. The Fund provides investors unrivaled exposure to this constantly evolving sector which continues to see medicinal advancements, regulatory changes and M&A activity, highlighting the long-term, outsized investment opportunity in the cannabis industry.
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Source: ETFMG Financial LLC
Legg Mason, Inc. Announces Liquidation of Three Exchange-Traded Funds
February 6, 2019--Legg Mason, Inc. (NYSE:LM) announced today that it has determined to close and liquidate the exchange-traded funds listed below (the "funds") based on an ongoing review of its product lineup and to ensure it meets the evolving needs of its clients.
Proceeds of the liquidation are currently expected to be sent to shareholders of the funds on or about March 22, 2019 (the "Liquidation Date").
Effective as of the close of business on March 6, 2019, the funds will no longer accept orders for the purchase of creation units. It is expected that the funds will cease trading on NASDAQ on or about March 15, 2019, and subsequently will be delisted.
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Source: Legg Mason
CFTC.gov Swaps Report Update
February 6, 2019--CFTC's Weekly Swaps Report has been updated, and is now available.
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Source: CFTC.gov
Volatility Trading to Launch on SPIKES Index
February 5, 2019--MIAX Options(R) is scheduled to launch volatility trading on the SPIKESTM Index (Ticker: SPIKE) February 19, marking the end of exclusivity in the volatility market.
MIAX Options will list and trade cash--settled options on SPIKES, a measure of the expected 30-day volatility in the SPDR(R) S&P 500(R) ETF (SPY), the most actively-traded exchange traded fund in the world.
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Source: MIAX
CFTC.gov Commitments of Traders Reports Update
February 5, 2018--The current reports for the week of February 5, 2018 are now available.
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Source: CFTC.gov
Canadian pension returns retreat in 2018: RBC Investor & Treasury Services
February 5, 2019--Q4 2018 returns lose -3.5 per cent
The first quarter with a loss since Q3 2015
Canadian defined benefit pension plans ended 2018 in negative territory, with an annual return of -0.7 per cent, reversing gains from the previous three quarters this year, according to the RBC Investor & Treasury Services All Plan Universe.
Plan returns posted a Q4 2018 return of -3.5 per cent compared to a 0.1 per cent gain in Q3 2018. The annual return in 2017 was 9.7 per cent.
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Source: Royal Bank of Canada
Bill Gross, Onetime Bond King, Retiring After Messy Last Act
February 4, 2019-One of the most-celebrated careers in the history of money management is coming to an unremarkable end.
Bill Gross, 74 years old, said Monday he would retire as a Janus Henderson Group PLC portfolio manager after more than four years of uneven investment returns and distracting legal battles with his former firm, Pacific Investment Management Co.
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Source: Wall Street Journal
ALPS Advisors, Inc. to Close an Exchange Traded Fund
February 4, 2019--ALPS Advisors, Inc., acquired by SS&C, providing products and services to the financial services industry, today announced The Fund-BUZZ US Sentiment Leaders ETF (NYSE ARCA: BUZ)--will close to new investors on February 28, 2019 and liquidate on March 4, 2019.
The decision to close the Fund was made by the ALPS ETF Trust's Board of Trustees after consultation with ALPS Advisors, Inc., the investment adviser to the Fund. On consideration of the Fund’s inability to attract significant market interest since the Fund's inception, its future viability as well as prospects for growth of the Fund's assets in the foreseeable future, the Board determined that it was in the best interests of the Fund and its shareholders to liquidate the Fund's shares, which are listed on the NYSE ARCA. The last day of trading for the Fund is scheduled to be Friday March 1, 2019
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Source: Alps
