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For the first time, a U.S.-listed stock and ETF have been tokenized by a third party on a public blockchain and done so entirely within America's existing regulatory framework. Ondo Finance, the leader in tokenized securities by total value, has launched tokenized versions of BlackRock's iShares ...
The U.S. Treasury has selected two low-cost BlackRock iShares exchange-traded funds as foundational investment options for the upcoming federal "Trump Accounts" initiative to build childhood wealth.
July 1 (Reuters) - The U.S.
<p>SpaceX’s IPO smashed records, as investors clamored to gain access, pouring in billions to any kind of SpaceX exposure they could get their hands on. One ETF benefited for a couple hours, having changed its entire mandate overnight to capture the hype, before being halted. Tune into this episode of <em>ETF Zoo</em> for the scoop and the precedent it may set for ETFs looking ahead. </p>
<p>In the first full week of trading post-SpaceX IPO, and the first week for leveraged SpaceX ETFs, money into U.S. equity ETFs dominated the market, netting over $83 billion in flows. </p>
Futures markets pointed higher ahead of the open, with S&P 500 E-mini contracts up 0.72% and Nasdaq 100 E-mini futures rising 1.36%, according to Reuters, as investors partly unwound Wednesday's sharp selloff. The S&P 500 lost 1.21% on Wednesday to close at 7,420.10 and the Nasdaq fell 1.34% to 26,021.66 after the Federal Reserve held rates at 3.75% but nine officials projected at least one hike by year-end, stripping away prior language that had flagged likely cuts. The iShares Core S&P 500 ETF
<p>SpaceX is going public on June 12 — nine days from now — at a valuation of approximately $1.75 trillion, which would make it the largest IPO in history. For ETF investors, the event is unavoidable: index rules will force an estimated $22–27 billion in automatic buying from funds tracking the S&P 500 and Nasdaq-100. Here's which ETFs will hold SpaceX, when they'll buy, and what the IPO means for your portfolio.</p>
The Vanguard S&P 500 ETF, the index investing pioneer's flagship exchange-traded product, became the first in the history of ETFs to reach and exceed $1 trillion in assets, the investment firm confirmed on Wednesday. The Vanguard fund hit this milestone, the latest record in the remarkable ascent of exchange-traded funds, on Tuesday, less than 18 months after overtaking State Street Investment Management's SPDR S&P 500 ETF in assets, as investors looking for broad market exposure also sought out the lowest-cost funds. VOO levies a management fee of only 0.03%, compared to 0.09% for the State Street fund, which now is third in the three-way race between those two firms and BlackRock Inc..