The hype around US spot Bitcoin ETFs has reached meme levels akin to pandemic-era laser eyes: Crypto prices are soaring, hackers are mobilizing and Redditors are pumping. But the promise of game-changing, gold-like adoption looks like a meme too far.
China’s exchange-traded funds attracted record inflows in last year’s equity rout just as actively-managed products fell out of favor, a sign that investor preference is shifting.
As the financial industry grapples with the shift to shorter settlement times, banks and broker-dealers will soon have a new artificial intelligence tool to fix and prevent trades that go awry during the settlement process.
US inflation accelerated in December as Americans paid more for housing and driving, challenging investor bets that the Federal Reserve will cut interest rates soon.
2023 proved to be another year when the consensus views were not correct. A few of these views that turned out non-prescient were that inflation would remain elevated in mid-single digits or higher, higher interest rates would crush housing prices, consumer spending would collapse, and oil prices would continue to rise.
Roaring inflation and rapid rate hikes have brought a welcome return of the kind of big swings and dislocations beloved by investing’s smart set, but it hasn’t been a blessing for every breed of quant.
Bitcoin, the largest cryptocurrency by market value, has been on a scintillating run since the start of 2023. And more upside could be on the way. Market observers believe the approval of multiple U.S.-listed spot bitcoin ETFs is imminent.
Will 2024 see AI continue to drive markets forward as forcefully as it did in 2023? That’s one of the big questions facing equity investors in a market shadowed by inflation and the lagging impact of high rates.
Today's popular narrative is a growing consensus for the Fed to engineer a soft landing and a “Goldilocks” economy.
In this piece we compare two ways to take advantage of the USD’s richness versus emerging market currencies: EM equities and EM local currency debt. We believe that for relative value, diversification, and potential alpha reasons, EM local currency debt deserves a prominent place in portfolios today.
Competition among prospective Bitcoin exchange-traded fund issuers intensified, as companies further slashed fees in a bid to make products more attractive to investors ahead of a regulator’s decision on their future.
Advisor Perspectives has announced its Venerated Voices™ awards for commentaries published in 2023.
Just 10 days into the new year and a familiar stock is back near the top of the leaderboard: Nvidia Corp.
Rates are heading down, volatility will increase and there is a 75% chance of a recession in 2024, according to Jeffrey Gundlach.
To be considered a best-in-class outsource trading provider, one must excel in many areas.
There was a lot of optimism just before the new year, but that may have already been priced into 2023’s gains for the S&P 500. January is historically a slow month for the index, which should be enough to appease the bears if that trend persists.
The 60/40 portfolio has long been the foundation of portfolio construction. But over the past two years, this portfolio strategy has broken down. The 60/40 portfolio faces several challenges. To understand what might lie ahead, investors need to assess both recent inflationary forces and historic trends.
In what could be a long-term positive for cryptocurencies as an asset class, data indicates $2.25 billion in new capital flowed into institutional cryptocurrencies products in 2023. That marks the third-best year of inflows on record.
In December 2022, I published Sea Change, a memo that primarily discussed the 13-year period from the end of 2008, when the U.S. Federal Reserve cut the fed funds rate to zero to counter the effects of the Global Financial Crisis, to the end of 2021, when the Fed abandoned the idea that inflation was transitory and readied what turned out to be a rapid-fire succession of interest rate increases.
Hashdex’s Bruno Caratori discusses their Bitcoin ETF (DEFI), the importance of crypto experience, spot bitcoin ETF competitive dynamics, and the role of bitcoin in a portfolio. VettaFi’s Roxanna Islam offers perspective on how the spot bitcoin ETF race might play out. Tema’s Maurits Pot explains their unique, actively managed ETF platform.
If ESG funds are trying to take over the country, they aren’t doing it very well.
Alphabet Inc.’s self-driving unit Waymo announced on Monday that it plans to unleash its cars onto the freeway in Phoenix “soon.”
Bitcoin traded just below the $47,000 mark on Tuesday, as investors await a decision from regulators on whether to approve the US’s first exchange-traded fund tied directly to the token.
The monster run in equities and other risk assets that shaped the final stretch of 2023 has room to run well into the new year if inflation continues to ebb, according to strategists at BlackRock Inc.’s Investment Institute.
Stocks started 2024 with a limp. But that could change this week as earnings season kicks off and companies start announcing their plans for share repurchases, something investors hope will help the market keep last year’s rally running.
Many of us were prepping for year-end (or on vacation in Belize, in my case) in December. However, index providers were hard at work to ensure certain ETFs fully reflected the investment criteria advisors have come to expect.
The promise of GLP-1 drugs goes far beyond individual weight loss.
The prevailing consensus in 2024 is that the Federal Reserve will cut interest rates. But predicting central bank moves is an inexact science. That said, fixed income investors could use the help of an active strategy to continue extracting higher yields.
2023 will likely go down in history as a year of extreme speculation. However, we believe there are once-in-a-generation investment opportunities for 2024 resulting from that overly speculative myopia.
It was a heck of a year for stocks. In 2023, tech led the way with a return of over 40%, leading to concerns about overvaluation in the sector. Nonetheless, past sector booms have been associated with volatile, but on average positive, future returns.
The average risk-adjusted excess return across all active portfolios will be less than the risk-adjusted excess return of the market portfolio, before taking account of fees and trading costs.
Every new year provides an opportunity for fresh starts and to reimagine what is possible. As such, we offer a list of four New Year’s resolutions for advisors. Kick your 2024 off right by making these promises to yourself.
Most of us probably spent the 2023 holiday season helping to break a record.
I wrote last week about how interest rate cuts in 2024 should boost cyclical areas of the economy that were already set to rebound, lifting economic growth.
Should retail investors partake of the very attractive yields promised by private credit fund managers?
A series of high-stakes deadlines this week will mark the culmination of a years-long push to launch exchange-traded funds backed by Bitcoin in the US.
Traders betting on a 2024 bond rally are unfazed by the recent pullback, seeing it as a chance to seize on elevated yields before the Federal Reserve starts driving down interest rates.
Several strategists in the gold space expect the precious metal’s rally to continue in 2024. And some even believe it could outperform all other commodities this year.
It’s forecast season again, the time when people like me tell people like you what will happen this year. Sadly, we are often wrong.
The U.S. is adding new renewable energy capacity at a record clip, but that doesn’t mean it’s ready to quit fossil fuels just yet.
Bill Harnisch, whose $1.5 billion hedge fund delivered a market-beating 31% gain last year, is betting the recent bout of euphoric stock buying will peter out.
Private credit has in a little more than a decade evolved from a niche asset class to a key component of a diversified investment portfolio. We think it will be even more important in 2024 as banks’ reluctance to lend widens the opportunity set for investors.
In 2024, inflation, interest rates, and the presidential election will likely be on top of ETF investors’ minds. Here are four other lesser-known trends and insights — both positive and negative — to consider in 2024.
The ETF industry is buzzing as long-awaited spot bitcoin ETFs are likely to get the green light from the SEC in the coming days. We expect trading of multiple products to begin soon after.
Bitcoin stumbled on Friday as traders braced for an upcoming decision by the US Securities and Exchange Commission on whether to approve an exchange-traded fund tied directly to the world’s largest cryptocurrency.
With a new year brings a new chapter in the exciting growth of artificial intelligence. AI had a major breakout year in 2023 as OpenAI’s ChatGPT exploded into the public eye in the Spring.
Apple Inc. is off to its weakest start to a year since 2019, putting its long-standing status as the world’s most valuable stock by market value in jeopardy.
Cryptocurrency is once again poised to be the financial story of the year. Accordingly, VettaFi will be hosting the Cryptocurrency Symposium on January 12th at 11 am ET.
After a year when advisors were relatively cautious about taking on credit risk, sentiment seems to be shifting.
As crypto continues to attract attention from mainstream institutions, it’s undeniable that financial advisors are also fielding more interest from clients about digital assets. Now the question is: What are their answers?
In this upcoming webinar, Bitwise Asset Management and VettaFi will reveal how advisors are thinking about this asset class with findings from their latest survey, Bitwise/VettaFi 2024 Benchmark Survey of Financial Advisor Attitudes Toward Crypto Assets.
They’ll discuss insights about how money managers are approaching crypto in investment portfolios, their expectations for the potential launch of a spot bitcoin ETF, as well as the barriers that keep them from investing, plus much more.
