Launches & Fundraising

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Simplify Asset Management launches two 'first-of-their-kind' ETFs

Simplify Asset Management launches two 'first-of-their-kind' ETFs

Simplify Asset Management (Simplify), a provider of options-based Exchange Traded Funds (ETFs), has launch two 'first-of-their-kind' ETFs – The Simplify Interest Rate Hedge ETF (PFIX), which provides direct and transparent convex exposure to an upward shift in long-dated rates, and The Simplify Volatility Premium ETF (SVOL), the first-ever VIX income strategy with an option hedge.

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Wisebitcoin lists SOL ETF

Wisebitcoin lists SOL ETF

Crypto exchange Wisebitcoin has announced the addition of a SOL ETF today. SOL is the native token for Solana, a platform focused on providing scalable blockchain infrastructure for developers. It will be available as an aggregate trading pair with USDT and the exchange stated that deposits and withdrawals will not be supported.

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Global ETF launches 06-13.05.21

Global ETF launches 06-13.05.21

This was a big week for the Evolve Funds Group, which followed long term ESG trends by adding a series of carbon neutral ETFs to its portfolio, the Evolve CleanBeta series that tracks the performance of the S&P/TSX 60 and S&P 500 Index. Evolve also listed the Evolve FANGMA Index ETF (TECH) on TSX, providing investors with exposure to the equity securities of tech titans such as FANGMA Index, Alphabet Inc, Amazon Inc and Microsoft Corp. Sticking with the technology, CSOP issued it first thematic equity product this week, the CSOP Global Cloud Computing Technology Index ETF, which tracks the Solactive Global Cloud Computing Technology Index. Elsewhere, SoFi added the SoFi Weekly Dividend ETF following the performance of the SoFi Sustainable Dividend Index and providing weekly dividend payment to shareholders. Finally, Simplify listed the Simplify Interest Rate Hedge ETF (PFIX) that seeks to provide a hedge against a sharp increase in long-term interest rates.  

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SoFi adds another first to its ETF roster

SoFi adds another first to its ETF roster

SoFi has launched the SoFi Weekly Dividend ETF, the first equity ETF designed to provide a weekly dividend payment to shareholders. WKLY joins a SoFi ETF family that also includes the SoFi Weekly Income ETF, which launched in 2020 and was the first fixed income ETF to offer a weekly distribution to fund shareholders.