ETF Frenzy for Retail Daredevils Goes On Despite Market Turmoil
While animal spirits are on the wane across Wall Street, financial innovation in the ETF industry shows no sign of letting up: Issuers have minted an average of 75 new funds per month this year, versus 59 in 2024, according to data compiled by Bloomberg Intelligence. April alone has seen 63 ETF debuts along with dozens of fresh filings. This mix includes leveraged bets on Exxon Mobil Corp., thematic vehicles tracking nuclear energy and a fund that seeks to profit from an exotic arbitrage play on Michael Saylor's Bitcoin juggernaut Strategy.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
17 minutes ago
- Yahoo
Brazil unveils aid package for exporters hit by U.S. tariffs
BRASILIA (Reuters) -Brazil's government unveiled on Wednesday a long-awaited aid package for companies hurt by steep tariffs imposed by U.S. President Donald Trump on many goods from that country. The South American nation will extend a program that returns part of the exported value to all companies that ship to the United States, Vice President Geraldo Alckmin told an event in Brasilia. The plan also includes government purchases of products that would initially be exported to the United States, he added. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17 minutes ago
- Yahoo
Maxim Group Maintains a Buy Rating on Semler Scientific (SMLR), Sets a $95 PT
Semler Scientific, Inc. (NASDAQ:SMLR) is one of the . Analyst Matthew Galinko of Maxim Group maintained a Buy rating on Semler Scientific, Inc. (NASDAQ:SMLR) on August 6, retaining the price target of $95.00. A doctor in focus surrounded by colleagues in a hospital setting. The analyst told investors that Semler Scientific, Inc. (NASDAQ:SMLR) has exhibited a strong commitment to the accumulation of Bitcoin, with a goal to hold 10,000 BTC by the end of 2025 and considerably more in the following years. He added that Semler Scientific, Inc.'s (NASDAQ:SMLR) ability to raise considerable funds through share issuance further supports this accumulation strategy, suggesting a strong financial strategy. Galinko further stated that Semler Scientific, Inc. (NASDAQ:SMLR) is also expanding its medical technology offerings, especially with the formation of CardioVanta, a subsidiary focused on cardiovascular market opportunities. The expected approval of new diagnostic devices may expand the company's market reach, enhancing its revenue potential. Semler Scientific, Inc. (NASDAQ:SMLR) provides technology and software solutions to improve the clinical effectiveness of healthcare providers. The company's multi-test service platform, WellChec, conducts a comprehensive evaluation of patients for chronic disease, including strokes and heart attacks, through the use of its QuantaFlo product as well as other tests. While we acknowledge the potential of SMLR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
17 minutes ago
- Yahoo
XRP Up 8% In 1 Week But Underperforms Bitcoin, ETH: What Is Going On?
XRP (CRYPTO: XRP) has notably underperformed Bitcoin and Ethereum over the recent days, but market observers remain confident that its moment will come Ticker Price Market Cap 7-Day Trend XRP (CRYPTO: XRP) $3.25 $193.11 billion +8.3% Bitcoin (CRYPTO: BTC) $120,958.81 $2.41 trillion +4.95% Ethereum (CRYPTO: ETH) $4,671.83 $563.9 +27.6% Trader Notes: Crypto analyst Ali Martinez noted that XRP has completed its bullish retest, with $3.60 now the key Crypto highlighted that a minor dip pushed XRP back toward his original entry zone, calling it an "ideal" area for new buyers. As long as the green support holds, range highs or even a new all-time high remain possible. Dark Defender sees XRP poised for a breakout above the critical $3.33 level, potentially paving the way toward $4.44 and $5.85. RSI indicators suggest bullish momentum is building. Statistics: Glassnode data shows major altcoins performing strongly over the past seven days: Ethereum and Dogecoin up 25.5%, XRP up 16.2%, and Solana up 13.6%, reflecting growing speculative interest in higher-beta assets. Coinshares data shows XRP saw $18.4 million in weekly inflows, taking its year-to-date flows to $1.112 billion, higher than Solana and other altcoins. Coinglass data shows XRP open interest spiked 9.3% in a single day, while derivatives trading volume expanded 19.7%. Community News: Malaysia's central bank white paper specifically highlights XRP as a "game-changer" capable of operating outside traditional banking rails: "Private tokens such as XRP may be widely used as means of payment outside the banking system in the future, replacing CIC or bank deposits." and VivoPower announced a partnership for custodial support in expanding VivoPower's digital asset treasury strategy, which they say will bolster XRP-focused initiatives and Caret's digital asset mining operations. Read Next: Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article XRP Up 8% In 1 Week But Underperforms Bitcoin, ETH: What Is Going On? originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
