The U.S. SEC has granted accelerated approval to 11 ETFs to list and trade options linked to spot bitcoin prices on the New York Stock Exchange. These options offer a way for institutional investors to hedge their exposure to bitcoin. Funds including Fidelity and ARK21Shares are among those receiving approval, marking a significant development for the cryptocurrency sector.
Posts in category Economic Times
US SEC gives green light for options listing for spot bitcoin ETFs to NYSE (19-10-2024)
The U.S. SEC has granted accelerated approval to 11 ETFs to list and trade options linked to spot bitcoin prices on the New York Stock Exchange. These options offer a way for institutional investors to hedge their exposure to bitcoin. Funds including Fidelity and ARK21Shares are among those receiving approval, marking a significant development for the cryptocurrency sector.
US SEC gives green light for options listing for spot bitcoin ETFs to NYSE (19-10-2024)
The U.S. SEC has granted accelerated approval to 11 ETFs to list and trade options linked to spot bitcoin prices on the New York Stock Exchange. These options offer a way for institutional investors to hedge their exposure to bitcoin. Funds including Fidelity and ARK21Shares are among those receiving approval, marking a significant development for the cryptocurrency sector.
Kotak Bank to announce Q2 results today. Here’s what to expect (19-10-2024)
Kotak Bank’s profit after tax (PAT) for the reported quarter is estimated to range between Rs 3,058 crore and Rs 3,588 crore, reflecting a potential year-on-year net profit growth of up to 12.4%.
Mind Over Money: Sandeep Tyagi’s formula to balance greed and fear for long-term investing success (19-10-2024)
His newest release, The Little Book of Big Gains, provides practical insights for retail investors on adopting strategies used by institutional players, avoiding common mistakes, and staying focused on long-term wealth creation, even in turbulent markets.
Waaree Energies IPO opens on Monday. Price band, GMP among 10 things to know before subscribing (19-10-2024)
Market analysts report that Waaree Energies’ current GMP stands at Rs 1,340, reflecting an 89% premium to the issue price. The offering consists of a fresh equity sale of Rs 3,600 crore and an offer for sale (OFS) worth Rs 721 crore.
42 smallcap stocks offer double-digit returns in wobbly market week (19-10-2024)
Nalwa Sons Investment led the small-cap gainers with a nearly 43% return, followed by Precision Camshaft (29%), Motilal Oswal (27%), and Renaissance Global (26.4%). Additionally, four stocks, including Kalyani Investment, Info Tech Transform, Filatex Fashions, and Sanghvi Motors, delivered returns between 20-25% during the week.
US dollar falls as risk appetite rises after China; but set for 3rd weekly gain (19-10-2024)
The U.S. dollar dropped on Friday after five days of gains. New stimulus measures from China boosted global equities, especially Chinese stocks. Investors were optimistic about China’s efforts. The dollar index still showed a 0.6% weekly gain. The Chinese yuan and commodity currencies like the Australian and Canadian dollars strengthened.
Oil prices fall, weekly 7% drop on China demand woes, mixed Mideast outlook (19-10-2024)
Oil futures dropped over 7% this week amid concerns about China’s slowing economic growth and mixed Middle East outlook. Brent crude fell to $73.06 per barrel and U.S. WTI settled at $69.22. Increased electric vehicle sales in China and geopolitical tensions also impacted prices.
Tech Mahindra declares Rs 15 dividend, fixes November 1 as record date (19-10-2024)
Tech Mahindra has announced a Rs 15 per share interim dividend for its shareholders. To be eligible for this payout, investors must hold Tech Mahindra shares as of November 1st, which is the record date. This dividend announcement was made alongside the release of the company’s quarterly results for the period ending in September 2024.