Global ETF launches for 14th to 21st October
The big launch finally happened this week, after years of speculation.
In the US, ProShares launched its bitcoin-linked futures ETF to the equivalent of a standing ovation which made it the second most heavily traded new ETF on record and on its second day of trading saw it break all ETF asset raising records, going over USD1.1 billion in assets.
It might not have quite been the product that the US market wanted but it’s the one that the SEC felt most comfortable with. European crypto products have soared in popularity and Valor has listed its bitcoin and Ethereum products on the Frankfurt exchange this week, while Iconic Funds went to Malta to list a crypto index fund.
There were other launches this week, apart from crypto products, even if it didn’t feel like it. We have a full JSE universe ETF from Satrix in South Africa, and a USD Bond Factor ETF from BlackRoc. First Trust brought the Multi-Manager Small Cap Opportunities’ ETF and ETFMG launched a Real Estate Technology ETF, designed to give exposure to all the supporting systems behind real estate.