Latest news with #ExchangeTradedConcepts
Globe and Mail
22-07-2025
- Business
- Globe and Mail
Exchange Traded Concepts Sells 1,243,500 IBIT Shares Worth $69.50 Million
Key Points Sold 1,243,500 IBIT shares for $69.50 million during the second quarter of 2025. Transaction represented 0.85% of Exchange Traded Concepts' 13F reportable assets under management. Post-trade holding: 1,250,000 shares valued at $76.51 million. IBIT now accounts for 0.94% of the fund's 13F assets under management, down from 1.78% in the previous quarter. These 10 stocks could mint the next wave of millionaires › On July 10, 2025, Exchange Traded Concepts reported a sale of 1,243,500 shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT), valued at $69.50 million, according to its latest Securities and Exchange Commission (SEC) filing. What happened According to the July 10 SEC filing, Exchange Traded Concepts reduced its position in iShares Bitcoin Trust ETF by 1,243,500 shares during the second quarter. The transaction, valued at $69.50 million, left the fund with 1,250,000 IBIT shares worth $76.51 million as of June 30, 2025. The sale decreased IBIT's share of the fund's 13F reportable assets under management to 0.94%. What else to know This was a sale, leaving IBIT at 0.94% of the fund's 13F reportable AUM Top holdings after the filing: VOO: $424.24 million (5.2% of AUM) GOOGL: $382.75 million (4.7% of AUM) AAPL: $380.88 million (4.7% of AUM) SPY: $352.72 million (4.3% of AUM) SPLG: $350.68 million (4.3% of AUM) IBIT closed at $64.50 on July 10, 2025; one-year return: 95.7% for the period ending July 10; one-year alpha vs. S&P 500: 83.08 percentage points Shares are 0.5% below the 52-week high as of July 10, 2025 IBIT ETF overview Metric Value Market capitalization $72.81 billion Current price $64.50 50-day moving average $59.63 One-year price change 95.7% ETF snapshot Shares are designed to track the price performance of Bitcoin (CRYPTO:BTC), providing exposure to that digital asset without direct ownership. Operates a passive investment vehicle, generating revenue through management fees and asset-based charges. Targets institutional investors, financial advisors, and retail investors seeking regulated, exchange-listed bitcoin investment products. iShares Bitcoin Trust ETF provides a straightforward vehicle for gaining exposure to Bitcoin price movements via a regulated exchange-traded product. Its scale and liquidity position it as a preferred choice for investors seeking efficient access to the digital asset market without the complexities of direct cryptocurrency custody or trading. Foolish take With a portfolio dominated by relatively safe investments such as Apple and two of the largest S&P 500 index funds, Exchange Traded Concepts doesn't fit the usual profile of long-term Bitcoin investors. According to recent 13F filings, the firm doubled its exposure to the Bitcoin ETF in the first quarter. The second-quarter sales brought Exchange Traded Concepts down to roughly the same ownership level it had at the end of 2024. I don't love the idea of trading in and out of a volatile cryptocurrency position like Bitcoin. Some crypto investors might see a quarter as a long-term commitment, but I measure my long-term holdings in years and decades. The investment firm's smaller Bitcoin position in the summer of 2025 looks like a particularly unfortunate choice, as the largest cryptocurrency (and spot Bitcoin ETFs) more than doubled over the last year, with a 40% boost in the last three months alone. Then again, selling cryptocurrency-based investments in this unpredictable economy may not be a bad idea in the long run. Time will tell whether Exchange Traded Concepts will be better off with a smaller Bitcoin-based holding in the long run. And of course, the firm could very well be buying shares of this ETF right now. The temptation to sell in a trough and buy when a stock or ETF gets hot is not limited to retail investors -- professional money managers often commit the same error. Exchange Traded Concepts' next 13F filing will tell us whether that is the case here. Glossary Post-trade holding: The number of shares or assets held after completing a transaction or trade. 13F reportable AUM: Assets under management that must be disclosed in quarterly SEC Form 13F filings by institutional investment managers. ETF (exchange-traded fund): An investment fund traded on stock exchanges, holding assets like stocks, bonds, or commodities. Alpha: A measure of an investment's performance relative to a benchmark, indicating outperformance or underperformance. One-year return: The percentage gain or loss of an investment over a one-year period. 52-week high: The highest price at which a security has traded during the past year. Moving average: The average price of a security over a specific period, used to identify trends. Regulated exchange-traded product: A financial product traded on an exchange and subject to regulatory oversight, offering exposure to specific assets. Digital assets: Assets that exist in digital form, such as cryptocurrencies like Bitcoin. Where to invest $1,000 right now When our analyst team has a stock tip, it can pay to listen. After all, Stock Advisor's total average return is 1,055%* — a market-crushing outperformance compared to 180% for the S&P 500. They just revealed what they believe are the 10 best stocks for investors to buy right now, available when you join Stock Advisor. See the stocks » *Stock Advisor returns as of July 21, 2025
Associated Press
23-05-2025
- Business
- Associated Press
Exchange Traded Concepts to Close and Liquidate Range Global Offshore Oil Services Index ETF (NYSE: OFOS)
OKLAHOMA CITY, May 23, 2025 /PRNewswire/ -- After careful consideration, Exchange Traded Concepts, LLC, the Fund's investment adviser has recommended, and the Board of Trustees of Exchange Traded Concepts Trust has approved, the termination and liquidation of the Range Global Offshore Oil Services ETF (NYSE: OFOS) pursuant to the terms of a Plan of Liquidation. Accordingly, the Fund is expected to cease operations and liquidate on or about June 20, 2025 (the 'Liquidation Date'). The Fund will be closed to orders for new creation units on June 16, 2025, and the last day of trading of the Fund's shares on the NYSE Arca, Inc. will be on or about June 17, 2025. From June 17, 2025 through the last day of trading, shareholders may only be able to sell their shares to certain broker-dealers, and there is no assurance that there will be a market for Fund shares during that time period. Customary brokerage charges may apply to such transactions. From the last day of trading through the Liquidation Date, shareholders will not be able to purchase or sell shares in the secondary market. In anticipation of the liquidation, the Fund will be managed in a manner intended to facilitate its orderly liquidation, such as by raising cash or making investments in other highly liquid assets. As a result, in preparation for the liquidation, all or a portion of the Fund may not be invested in a manner consistent with its stated investment strategy, which may prevent the Fund from achieving its investment objective. On or about the Liquidation Date, the Fund will liquidate its assets and distribute cash pro rata to all remaining shareholders. These distributions are taxable events. In addition, these payments to shareholders will include accrued capital gains and dividends, if any. As calculated on the Liquidation Date, the Fund's net asset value will reflect the costs of liquidating the Fund. Once the distributions are complete, the Fund will terminate. If you would like additional information, please call: 855-726-4388 or visit: Please retain this Supplement with your Summary Prospectus, Prospectus, and SAI for future reference. Investors should consider the investment objectives, risks, charges and expenses carefully before investing. Carefully consider the Fund's investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund's full or summary prospectus, which may be obtained by visiting Read it carefully before investing or sending money Investing involves risk, including possible loss of principal. There is no guarantee the Fund will achieve its stated investment objectives. The Fund is non-diversified. Its concentration in an industry or sector can increase the impact of, and potential losses associated with, the risks from investing in those industries/sectors. Investments in the energy industry are subject to significant volatility due to changes in commodity prices. Additional risks include changes in exchange rates, government regulation, world events, economic and political conditions in the countries where energy companies are located or do business, and risks for environmental damage claims. A significant portion of the revenues of offshore oil companies depend on a relatively small number of customers, including governmental entities and utilities. As a result, governmental budget restraints may have a material adverse effect on the stock prices of companies in the industry. Offshore oil services companies operate in a highly regulated, competitive and cyclical industry, with intense price competition. Offshore oil services companies are exposed to significant and numerous operating hazards. Offshore oil services companies can be significantly affected by natural disasters and adverse weather conditions in the regions in which they operate. The revenues of offshore oil services companies may be negatively impacted by contract termination and renegotiation. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Investments in smaller companies typically exhibit higher volatility. The Fund may invest in securities denominated in foreign currencies. Because the Fund's NAV is determined in U.S. dollars, the Fund's NAV could decline if currencies of the underlying securities depreciate against the U.S. dollar or if there are delays or limits on repatriation of such currencies. Currency exchange rates can be very volatile and can change quickly and unpredictably. Because the Fund is new, investors in the Fund bear the risk that the Fund may not be successful in implementing its investment strategy, may not employ a successful investment strategy, or may fail to attract sufficient assets under management to realize economies of scale, any of which could result in the Fund being liquidated at any time without shareholder approval and at a time that may not be favorable for all shareholders. Such liquidation could have negative tax consequences for shareholders and will cause shareholders to incur expenses of liquidation. The Fund is a recently organized investment company with no operating history. As a result, prospective investors have no track record or history on which to base their investment decision. Moreover, investors will not be able to evaluate the Fund against one or more comparable funds on the basis of relative performance until the Funds has established a track record. Investment Products and Services: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE View original content: SOURCE Exchange Traded Concepts, LLC
Associated Press
28-03-2025
- Business
- Associated Press
Exchange Traded Concepts to Close and Liquidate AKROS MONTHLY PAYOUT ETF (NYSE:MPAY)
OKLAHOMA CITY, March 28, 2025 /PRNewswire/ -- After careful consideration, Exchange Traded Concepts, LLC, the Fund's investment adviser has recommended, and the Board of Trustees of Exchange Listed Funds Trust has approved, the termination and liquidation of the Fund pursuant to the terms of a Plan of Liquidation. Accordingly, the Fund is expected to cease operations and liquidate on or about April 25, 2025 (the 'Liquidation Date'). The Fund will be closed to orders for new creation units on April 21, 2025, and the last day of trading of the Fund's shares on the NYSE Arca, Inc. will be on or about April 22, 2025. From April 21, 2025 through the last day of trading, shareholders may only be able to sell their shares to certain broker-dealers, and there is no assurance that there will be a market for Fund shares during that time period. Customary brokerage charges may apply to such transactions. From the last day of trading through the Liquidation Date, shareholders will not be able to purchase or sell shares in the secondary market. In anticipation of the liquidation, the Fund will be managed in a manner intended to facilitate its orderly liquidation, such as by raising cash or making investments in other highly liquid assets. As a result, in preparation for the liquidation, all or a portion of the Fund may not be invested in a manner consistent with its stated investment strategy, which may prevent the Fund from achieving its investment objective. On or about the Liquidation Date, the Fund will liquidate its assets and distribute cash pro rata to all remaining shareholders. These distributions are taxable events. In addition, these payments to shareholders will include accrued capital gains and dividends, if any. As calculated on the Liquidation Date, the Fund's net asset value will reflect the costs of liquidating the Fund. Once the distributions are complete, the Fund will terminate. If you would like additional information, please call: (855) 955-1865 or visit: Please retain this Supplement with your Summary Prospectus, Prospectus, and SAI for future reference. Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call (855) 955-1865 or visit our website at Read the prospectus or summary prospectus carefully before investing. Investing involves risk, including possible loss of principal. There is no guarantee the Fund will achieve their stated objectives. In addition to the normal risks associated with investing, international investments may involve the risk of capital loss from unfavorable fluctuation in currency values, differences in generally accepted accounting principles or social, economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. The Fund's concentration in an industry or sector can increase the impact of, and potential losses associated with, the risks from investing in those industries/sectors. Investment Products and Services:
Yahoo
15-03-2025
- Business
- Yahoo
KPOP ETF Shuts Down as Music Sales Slow
An exchange-traded fund that aimed to track the fortunes of the South Korean K-Pop industry and its artists, including BTS and Blackpink, is closing after failing to generate the enthusiasm that's typically associated with the globally popular music. The Jakota KPOP & Korean Entertainment ETF (KPOP), which launched in August 2022, has lost over 40% of its value since hitting its all-time high in February 2023. It currently holds $1.4 million in assets and, since its launch, has net inflows of $2.3 million. Trading in KPOP ends April 1, according to an SEC filing dated March 13. Aimed at a niche and potentially fleeting consumer taste—not to mention one that many American investors don't know much about—KPOP was launched into the corner of the ETF industry that gambles on trends at risk of flaming out or not catching on. In that regard, it's similar to the so-called thematic funds that tracked meme stocks and the metaverse, many of which closed over the past few years. While the Korean entertainment industry that Exchange Traded Concepts sought to tap with KPOP has generated billions of dollars in music and other media sales over the past decade or so, sales are slowing. Album sales fell 19% last year, the first year of declines after nine straight years of growth, according to Music Business Worldwide, citing South Korea's Circle Chart. U.S. consumers bought $291.8 million of K-Pop records, the outlet said, citing the Korea Customs Service. Source: KPOP's biggest holding was a nearly 12% allocation to SM Entertainment Co., whose roster includes KANGTA and Red Velvet. Its stock gained 21% over the past year in South Korea. Another ETF aimed at the music industry, the Clouty Tune ETF (TUNE) closed in November 2023, 10 months after it was issued. KPOP's issuer, Exchange Traded Concepts, holds $4.4 billion in 38 ETFs, including the $22.4 million MUSQ Global Music Industry Index ETF (MUSQ). That fund's price is little-changed over the past three | © Copyright 2025 All rights reserved
