Latest news with #ETF
Yahoo
6 hours ago
- Business
- Yahoo
Wall Street analyst Dan Ives' AI-ETF off to strong start
The exchange-traded fund (ETF) created around celebrity Wall Street analyst Dan Ives' top 30 AI picks is off to a strong start. The ETF has raked in nearly $400 million since its June 3 inception and is up 11%. For the month, its 5% gain is outperforming the Nasdaq Composite and S&P 500. Ives is pushing investing in the next generation of artificial intelligence winners via this ETF. Invest in Gold Thor Metals Group: Best Overall Gold IRA American Hartford Gold: #1 Precious Metals Dealer in the Nation Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase In a first of its kind, the IVES AI Revolution ETF mirrors the proprietary research of Dan Ives, the managing director and global head of technology research at Wedbush Securities. "In 25 years covering tech, I've never seen a bigger theme than the AI revolution," Ives told FOX Business last month. "And we've tried to capture in our research the 30 companies in tech that best encompass this fourth industrial revolution theme across semi-software, infrastructure and autonomous. And that is really the inception. The AI revolution ETF." Microsoft, Palantir, Meta, Tesla, Palo Alto and Nvidia are just a handful of names driving trillions in spending that began with the rollout of ChatGPT in 2022 and is being powered by AI chip giant Nvidia. Read On The Fox Business App While some of these names are subject to volatility amid trade tensions between the U.S. and China as well as other tariff fears, that has not altered Ives' view. Meta's Blockbuster Nuclear Deal "Tariffs are in the background, and they continue to create some uncertainty, but that doesn't change our view that this is a fourth industrial revolution," he added. "Two-trillion dollars is going to be spent over the next three years. Now, I believe we're still in the bottom of the first inning in terms of this non-inning game for AI. And the second, third derivative beneficiaries of tech are just starting to focus on AI." The ETF trades under the aptly-named ticker, IVES, are up against some larger players with AI funds, including iShares and ARK Investments as tracked by Assets under management for these funds range from $1-$2 billion. However, the firm believes it will have an edge with Ives and a fund that has "active insight and passive structure." "I think, when you compare us to the other ones that are kind of tracking these arbitrary, whatever it may be, revenue hurdles or qualifiers based on some third-party having AI in their earnings report, whatever it may be, we're getting it from the source," said Cullen Rogers, Wedbush Fund Advisers' chief investment officer. "I think a lot of them are following trends. We're trying to define them through Dan's mouthpiece." This is the firm's first ETF. *This story originally published on June 4 has been updated to include assets under management in the ETF and performance stats. Original article source: Wall Street analyst Dan Ives' AI-ETF off to strong start Sign in to access your portfolio
Al-Ahram Weekly
7 hours ago
- Al-Ahram Weekly
No cancellation of land Hajj for Egyptians: Tourism federation - Society
The Egyptian Tourism Federation (ETF) on Tuesday denied media reports alleging the cancellation of overland tourist Hajj programs, stating the claims were based on comments made by an individual masquerading as a federation member. In recent days, several news articles circulated, alleging that overland Hajj programs have been cancelled due to upcoming regulations for Egyptian tourist pilgrimages set to be announced soon. The ETF disavowed any association with such remarks, asserting that neither the federation nor any of its board members has released any official statements concerning this matter. The individual referenced in these reports 'is not authorised to speak on the federation's behalf or to issue press statements on any topic pertaining to the tourism industry,' the statement read. The federation said it has initiated an investigation into the matter, according to the statement. The ETF, an industry advocate, also confirmed that no such decisions have been made or announced regarding the cancellation of overland Hajj programs. 'Upon consulting the relevant chamber, it was confirmed that the regulations governing the Hajj are still under discussion and have not yet reached their final form,' the press release read. The statement further noted that the Federation contacted the Egyptian Travel Agents Association (ETTA) to verify the information, and officials confirmed that no decisions have yet been issued regarding land pilgrimage. 'The regulatory framework is still under preparation,' the federation added, explaining that the ETTA's Religious Tourism Committee is currently holding discussions with pilgrimage-operating travel companies to define the key elements of the upcoming Hajj regulations. Ongoing talks are also taking place within the Ministry of Tourism and Antiquities' Supreme Committee for Hajj and Umrah to finalise the regulations before presenting them to the Minister of Tourism and Antiquities. According to the Ministry of Tourism and Antiquities, a total of 7,500 pilgrims travelled overland, constituting 18 percent of Egypt's tourist Hajj quota of 40,672. Hajj, one of Islam's Five Pillars, is the annual pilgrimage to Mecca required once in a lifetime for all able and financially capable Muslims, though many undertake it more than once. Follow us on: Facebook Instagram Whatsapp Short link:
Yahoo
16 hours ago
- Business
- Yahoo
3 Bullish Catalysts for XRP (Ripple) -- Should You Buy the Cryptocurrency Now?
Key Points XRP has benefitted from the Securities and Exchange Commission ending its longstanding lawsuit against Ripple, the company behind XRP. Investors are now looking ahead to other catalysts, like the launch of an XRP spot ETF in the U.S. There are other macro- and crypto-specific catalysts that could help XRP later this year and in 2026. 10 stocks we like better than XRP › It's been a strong run for several cryptocurrencies in 2025, few more so than XRP (CRYPTO: XRP), the third largest cryptocurrency in the world with a market cap of about $190 billion (as of July 28). XRP is known for its strong network, which is capable of processing up to 1,500 transactions per second, making it highly scalable and ideal for cross-border payments. Since settling a long-standing lawsuit with the U.S. Securities and Exchange Commission (SEC), XRP has taken off this year, up over 35% and much more since Donald Trump won the presidential election last year. While investors have likely grabbed the low-hanging fruit, there are other potential catalysts that could be bullish for XRP later this year. Here are three. 1. A spot XRP ETF Getting past the SEC lawsuit was a big deal for XRP for several reasons, and ending the regulatory uncertainty could pave the way for a spot-XRP exchange-traded fund (ETF). Spot-crypto ETFs attempt to mirror the price of whichever cryptocurrency they are tracking by actually buying the cryptocurrencies themselves, and then assigning shares to a certain amount of that cryptocurrency. Spot-crypto ETFs have launched for other large cryptocurrencies like Bitcoin and Ethereum and proven to be bullish, increasing liquidity and institutional interest. Most investors believe that spot-crypto ETFs are only a matter of time for some of the larger altcoins like XRP and could happen as soon as this year. As of this writing, Polymarket placed the odds of an XRP spot ETF getting approved in 2025 at 85%, lower than highs seen this year, but still a very good chance. The SEC has been a bit back and forth on approving spot crypto ETFs. On one hand, it seems more than open to the idea but is not rushing to approve them like other crypto initiatives. Bloomberg senior ETF analyst Eric Balchunas recently said on X: I think [the SEC] want[s] to put out their generic listing standards first [for spot-crypto ETFs], which is probably coming soon. Get comments. Implement. in time October due dates. That's my theory anyway. 2. Bitcoin continues to perform well The crypto sector has largely moved in unison, heavily influenced by Bitcoin, the world's largest cryptocurrency. Bitcoin has long been viewed as a bellwether for the industry. This year, however, Bitcoin has begun to break away from the pack, moving higher all year as many cryptocurrencies stalled or even declined. Many now view Bitcoin as a form of digital gold, which can hedge inflation and serve as important diversification as the U.S. government's finances continue to get more and more out of hand. As more regulation passes, more institutional investors are getting involved and starting to buy Bitcoin. The more Bitcoin is in the spotlight, the more interest there will be across the sector and in other cryptocurrencies, and the more likely it will become for institutional ownership. XRP is a logical place for investors to look because it's one of the largest cryptocurrencies and has a scalable network. Additionally, Ripple, the company behind XRP, is doing a lot of work with more traditional financial institutions, which in my view would make them more inclined to invest in XRP as opposed to another altcoin. 3. Falling interest rates Cryptocurrencies have typically performed well in a falling interest rate environment, namely because investors begin to take on more risk as bond yields come down, and cryptocurrencies have previously benefited in a similar way as tech stocks. Now, with the market hitting all-time highs, it's hard to say that we aren't currently in a risk-on environment. After all, the Federal Reserve began cutting interest rates at the end of last year before going on pause, so technically one could argue that we are in a falling interest rate environment. However, bond yields are still somewhat high, still offering attractive yield, so if rates were to keep coming down, that could continue to benefit cryptocurrencies like XRP, so long as the Fed is not doing cuts because of a recession. Traders using futures to bet on the moves in the Fed's federal funds rate expect four interest rate cuts between now and the end of 2026. Should You Buy XRP? XRP is certainly one of a handful of cryptocurrencies that I find intriguing, with its strong network and ties to Ripple, which seems to be making inroads when it comes to bridging the gap between cryptocurrencies and institutional investors and mainstream finance. But there is still a lot of uncertainty in the broader economy and we don't know exactly where interest rates will go. Additionally, other cryptocurrencies run on strong technical networks that could challenge XRP. XRP has also been volatile in the past and cryptocurrency prices are very difficult to predict, so I would still keep positions smaller and more speculative for now. Should you invest $1,000 in XRP right now? Before you buy stock in XRP, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and XRP wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 28, 2025 Bram Berkowitz has positions in Bitcoin, Ethereum, and XRP. The Motley Fool has positions in and recommends Bitcoin, Ethereum, and XRP. The Motley Fool has a disclosure policy. 3 Bullish Catalysts for XRP (Ripple) -- Should You Buy the Cryptocurrency Now? was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
21 hours ago
- Business
- Yahoo
Asia Morning Briefing: Crypto Rally Stalls, ETH Flows May Decide What Comes Next
Good Morning, Asia. Here's what's making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook crypto market is flashing warning signs. Institutions are stepping back as they take profit, ETF inflows are collapsing, and bitcoin (BTC) looks rangebound as it struggles to challenge $120K. Market observers say that the focus now turns to Ether (ETH) and whether it can bring capital back into the fold. After BTC's brief touch of all-time highs, the market has entered a consolidation phase. Glassnode data shows institutional ETF inflows have dramatically cooled, plunging 80% this week to just $496 million, accompanied by a decline in ETF trading volume to $18.7 billion. Bitcoin's spot market sentiment is also weakening, with Relative Strength Index – a measure of an asset if overbought or oversold status – retreating sharply, underscoring that the asset is moving away from overbought levels. These signals indicate a clear institutional withdrawal, raising questions about potential further downside. QCP Capital notes similar tensions in derivatives. Funding rates for perpetual futures remain above 15%, suggesting aggressive long positioning, but recent flows show large players taking profit and hedging downside. A major ETH call fly was unwound, QCP said in its note, while sizeable BTC puts were bought for protection, not the kind of activity that supports a fresh leg up. Still, QCP remains constructive. 'Momentum, narrative strength, and macro tailwinds are still on our side,' it wrote in a recent update. 'Hodlers and institutions will likely buy the dip, as we saw on Friday.' Enflux, however, isn't sounding the alarm. The market maker views current conditions as a period of consolidation, not capitulation. Spot and perp markets are treading water, not bleeding out. 'How institutional ETH flows evolve, and whether capital re-engages with alts, would likely guide the next leg of market structure,' the firm said in a note to CoinDesk. ETH is caught between these perspectives. If institutions return, capital could rotate back into ETH and reignite the altcoin cycle. If not, this consolidation may harden into something worse. For now, the rally has paused and the path forward hinges on Ethereum. Glassnode sees fragility. Enflux sees neutrality. QCP sees hedged optimism. But the next breakout, or breakdown, will likely be sparked by how ETH flows materialize. Market Movements BTC: Bitcoin is trading at $118K, consolidating between channel support at $114K and resistance near the all-time high of $123K, after a liquidity sweep below $116K and renewed supply from a reactivated whale wallet stalled bullish momentum, according to CoinDesk's market insights bot. ETH: Ethereum is trading at $3,783, holding a bullish inverse head-and-shoulders pattern targeting $4,300, but neutral funding rates near multi-year resistance suggest trader caution, even as institutional accumulation continues Gold: Gold fell to a near three-week low, with spot prices down 0.7% to $3,313.57, as a U.S.-EU trade deal boosted risk sentiment and reduced demand for safe-haven assets ahead of a busy week for earnings and the Fed. Nikkei 225: Asia markets opened lower, with Japan's Nikkei 225 down 0.61% as traders are in wait-and-see mode to determine if more trade deals can be struck around the region. S&P 500: The S&P 500 ended Monday nearly flat, as the U.S.-EU trade deal failed to ignite a new rally Elsewhere in Crypto Ether Treasuries Target Yield, but Risk Looms, Says Wall Street Broker Bernstein (CoinDesk) Billionaire Ray Dalio Urges Investors to Allocate 15% of Portfolios to Gold and Bitcoin (Decrypt) Brevan Howard Taps Thiel Family Office Alum for Crypto Push (Bloomberg)Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
a day ago
- Business
- Yahoo
MSTR Introduces New Preferred Stock With Initial 9% Dividend
Strategy Inc. (MSTR), the Bitcoin treasury company that recently rebranded from enterprise software firm MicroStrategy, is introducing a variable-rate preferred stock with an initial dividend of 9% per year. The 'Stretch' stock STRC's public offering price is $90 per share, and the firm estimates that the net proceeds from the offering will be approximately $2.5 billion, according to a press release published Friday. STRC's Intent and Risks The stated intent is that the rate on the preferred stock will be adjusted to keep the market price of the shares at around $100. 'If the shares are trading below that, they would raise the yield to increase demand, and the inverse would be true if they are trading above the target,' Michael Miller, an equity analyst at Morningstar, explained to 'That said, there are restrictions on how fast and far the yield can be reduced, which does provide some stability to investors.' Top ETFs Holding MSTR Ticker Fund Name Segment % Allocation Market Value # of Shares 30 Day MSTU T-Rex 2X Long MSTR Daily Target ETF MicroStrategy Inc - Benchmark Price Return 82.68% $2.98B 7.33M 6.04 BCOR Grayscale Bitcoin Adopters ETF Indxx Bitcoin Adopters Index - Benchmark TR Net 20.62% $922.37K 2.22K 7.3 CRPT First Trust SkyBridge Crypto Industry & Digital Economy ETF No Underlying Index 19.27% $30.45M 75.03K 8.75 OWNB Bitwise Bitcoin Standard Corporations ETF Bitwise Bitcoin Standard Corporations Index - Benchmark TR Net 18.73% $6.64M 16.37K 11.63 MSTW Roundhill MSTR WeeklyPay ETF No Underlying Index 12.85% $64.73K 156.00 0 Source: & FactSet Still, Miller said he would caution investors that there is meaningful risk to an investment like this, and he would 'categorically reject any direct comparison to a money market fund.' (Bitcoin-focused financial services firm NYDIG described the stock as a 'money-market-style vehicle.') Milled explained that while Strategy has significant Bitcoin assets, which at current prices can fully cover all of its outstanding debt and preferred offerings many times over, STRC won't have a direct claim on any specified portion of those assets. There's also the fact that Bitcoin's price is extremely volatile. 'This means that the issuer, MSTR, can continue to issue new debt and preferred shares on top of this offering. Additionally, MSTR doesn't actually have the earnings to cover the dividend payments on STRC,' Miller said. 'The assumption is that appreciation on the Bitcoin purchased will be sufficient to provide the cash needed, but this creates long-term risk for investors that the dividends could be cut or suspended if Bitcoin prices fall.' MSTR-Related ETFs STRC is just the latest way for investors to get exposure to the Bitcoin treasury company. Earlier this month, Roundhill Investments launched the Roundhill MSTR WeeklyPay ETF (MSTW), joining the firm's suite of WeeklyPay exchange-traded funds, which offer investors weekly income plus exposure to amplified returns of single stocks. Meanwhile, the YieldMax MSTR Option Income Strategy ETF (MSTY), designed to generate high income through a covered call strategy on MSTR stock, was a nominee for Best New ETF at this year's Awards. Strategy didn't immediately respond to request for commentary on STRC. Permalink | © Copyright 2025 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
