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$Digital World Acquisition Corp (DWAC.US)$ keeps moving in the wrong direction. 😔
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$Roku Inc (ROKU.US)$ Scaling up more :) Follow if you wish to. This level is a gr8 buy
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What was expected to be a wave of U.S. exchange-traded funds tied to Bitcoin futures has all but dried up -- for now -- after off-the-charts demand for the first one rattled Wall Street's all-important middlemen.
Wall Street analysts as many as four Bitcoin futures ETFs to begin trading in October following the SEC' s tacit approval of the structure; instead only two products, fromProShares $ProShares Bitcoin ETF (BITO.US)$ and Valkyrie Investments $Valkyrie Bitcoin and Ether Strategy ETF (BTF.US)$, debuted.
The delay is due in part to reticence among futures commission merchants, which act as an intermediary between derivatives-backed funds such as the $ProShares Bitcoin ETF (BITO.US)$ and the exchanges where those contracts trade. Known as FCMs , these firms -- typically banks -- handle buy and sell orders for futures contacts on behalf of their clients and then settle those trades with exchanges such as the Chicago Mercantile Exchange.
In normal circumstances, it's a fairly mechanical, out-of-the-spotlight relationship. However, the seen for $ProShares Bitcoin ETF (BITO.US)$ -- which last monthaccumulated more than $1 billion in assets in just two days, among the biggest launches ever -- has FCMs thinking twice. The cash influx quickly ate up the balance sheet of the firm acting as an FCM for BITO at its launch, putting regulatory capital limitations against the Bitcoin futures exposure in sight, according to a person familiar with the matter.
How do you think about Bitcoin futures ETFs? Will you invest in it?
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PLZ leave your comments and likes below
Source: Bloomberg
Wall Street analysts as many as four Bitcoin futures ETFs to begin trading in October following the SEC' s tacit approval of the structure; instead only two products, fromProShares $ProShares Bitcoin ETF (BITO.US)$ and Valkyrie Investments $Valkyrie Bitcoin and Ether Strategy ETF (BTF.US)$, debuted.
The delay is due in part to reticence among futures commission merchants, which act as an intermediary between derivatives-backed funds such as the $ProShares Bitcoin ETF (BITO.US)$ and the exchanges where those contracts trade. Known as FCMs , these firms -- typically banks -- handle buy and sell orders for futures contacts on behalf of their clients and then settle those trades with exchanges such as the Chicago Mercantile Exchange.
In normal circumstances, it's a fairly mechanical, out-of-the-spotlight relationship. However, the seen for $ProShares Bitcoin ETF (BITO.US)$ -- which last monthaccumulated more than $1 billion in assets in just two days, among the biggest launches ever -- has FCMs thinking twice. The cash influx quickly ate up the balance sheet of the firm acting as an FCM for BITO at its launch, putting regulatory capital limitations against the Bitcoin futures exposure in sight, according to a person familiar with the matter.
How do you think about Bitcoin futures ETFs? Will you invest in it?
FOLLOW ME to know more about ETFs
PLZ leave your comments and likes below
Source: Bloomberg
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$Sphere 3d (ANY.US)$ What's the situation?
Translated
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By Danilo
Hey, mooers! Here are things you need to know before the opening bell:
- U.S. stock index futures were steady during early morning trading on Thursday after the major averages closed at records following commentary from the Federal Reserve.
- The San Francisco-based company Allbirds, founded in 2015, makes a range of apparel but is best known for its low-profile shoes, which have gained popularity especially among tech-industry workers.
Market Snapshot
U.S. stock index futures were steady during early morning trading on Thursday after the major averages closed at records following commentary from the Federal Reserve.
The central bank said it will begin to slow its bond-buying program, signaling that the economy can now handle an unwinding of pandemic stimulus.
Futures contracts tied to the $Dow Jones Industrial Average (.DJI.US)$ fell about 29 points, $S&P 500 Index (.SPX.US)$ futures and $NASDAQ 100 Index (.NDX.US)$ futures hovered in positive territory.
Market Temperature
Read More: Market Temperature (11/4)
Top News
Stocks hit records as Fed scales back bond buying
Major U.S. stock indexes hit concurrent records for a fourth consecutive session after the Fed approved plans to start scaling back its bond-buying stimulus program.
Options activity tied to Avis, meme stocks explodes
Traders are rushing to place options bets on Avis Budget Group and other meme stocks.
House democrats add paid leave, state-and-local tax deduction to bill
The bill is set to face changes in the Senate, where Sen. Joe Manchin (D., W.Va.) has objected to the inclusion of a paid-leave benefit for parents, the sick and caregivers.
NBA star Kevin Durant launches $200 million SPAC
The Brooklyn Nets player is the latest sports and entertainment figure to back a blank-check company.
Google to pursue Pentagon cloud-computing contract
$Alphabet-A (GOOGL.US)$ pulled out of the bidding for a similar project three years ago amid employee complaints about doing work for the military.
Hertz files for stock offering, applies to return to Nasdaq
The rental-car company $Hertz Global Holdings, Inc. (HTZZ.US)$ said some of its stockholders are selling 37.1 million common shares, as it seeks to start trading again on a major stock exchange.
Sneaker maker Allbirds jumps in public market debut
The San Francisco-based company $Allbirds (BIRD.US)$, founded in 2015, makes a range of apparel but is best known for its low-profile shoes, which have gained popularity especially among tech-industry workers.
Read More
Is Tesla stock too expensive now?
Tesla cancels 0 down payment option in China due to 'surge in orders'
Sneaker brand Allbirds leaps 93% in debut after upsized IPO
Fastly stock rose over 8% as customers who left after recent outage return
Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg
Hey, mooers! Here are things you need to know before the opening bell:
- U.S. stock index futures were steady during early morning trading on Thursday after the major averages closed at records following commentary from the Federal Reserve.
- The San Francisco-based company Allbirds, founded in 2015, makes a range of apparel but is best known for its low-profile shoes, which have gained popularity especially among tech-industry workers.
Market Snapshot
U.S. stock index futures were steady during early morning trading on Thursday after the major averages closed at records following commentary from the Federal Reserve.
The central bank said it will begin to slow its bond-buying program, signaling that the economy can now handle an unwinding of pandemic stimulus.
Futures contracts tied to the $Dow Jones Industrial Average (.DJI.US)$ fell about 29 points, $S&P 500 Index (.SPX.US)$ futures and $NASDAQ 100 Index (.NDX.US)$ futures hovered in positive territory.
Market Temperature
Read More: Market Temperature (11/4)
Top News
Stocks hit records as Fed scales back bond buying
Major U.S. stock indexes hit concurrent records for a fourth consecutive session after the Fed approved plans to start scaling back its bond-buying stimulus program.
Options activity tied to Avis, meme stocks explodes
Traders are rushing to place options bets on Avis Budget Group and other meme stocks.
House democrats add paid leave, state-and-local tax deduction to bill
The bill is set to face changes in the Senate, where Sen. Joe Manchin (D., W.Va.) has objected to the inclusion of a paid-leave benefit for parents, the sick and caregivers.
NBA star Kevin Durant launches $200 million SPAC
The Brooklyn Nets player is the latest sports and entertainment figure to back a blank-check company.
Google to pursue Pentagon cloud-computing contract
$Alphabet-A (GOOGL.US)$ pulled out of the bidding for a similar project three years ago amid employee complaints about doing work for the military.
Hertz files for stock offering, applies to return to Nasdaq
The rental-car company $Hertz Global Holdings, Inc. (HTZZ.US)$ said some of its stockholders are selling 37.1 million common shares, as it seeks to start trading again on a major stock exchange.
Sneaker maker Allbirds jumps in public market debut
The San Francisco-based company $Allbirds (BIRD.US)$, founded in 2015, makes a range of apparel but is best known for its low-profile shoes, which have gained popularity especially among tech-industry workers.
Read More
Is Tesla stock too expensive now?
Tesla cancels 0 down payment option in China due to 'surge in orders'
Sneaker brand Allbirds leaps 93% in debut after upsized IPO
Fastly stock rose over 8% as customers who left after recent outage return
Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg
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$Sphere 3d (ANY.US)$ Yay, finally rising somewhat. Still optimistic and holding the stock, no matter my losses.
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$Apple (AAPL.US)$ $Microsoft (MSFT.US)$
"Snapchat, Facebook, Twitter, YouTube and other social media companies are expected to lose nearly $10 billion in revenue as Apple changes its privacy policy to require apps to ask users' permission to track their data."
"In April this year, there was a thrilling wave of banning of amazon accounts, which lasted for more than four months. The platform severely cracked down on a series of violations, such as sellers swiping orders, canceling gift cards, and asking for favorable reviews for payment. Many sellers suffered from nightmares such as collapse of big sellers."
"Snapchat, Facebook, Twitter, YouTube and other social media companies are expected to lose nearly $10 billion in revenue as Apple changes its privacy policy to require apps to ask users' permission to track their data."
"In April this year, there was a thrilling wave of banning of amazon accounts, which lasted for more than four months. The platform severely cracked down on a series of violations, such as sellers swiping orders, canceling gift cards, and asking for favorable reviews for payment. Many sellers suffered from nightmares such as collapse of big sellers."
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1. Lagarde’s counterattack against interest rate hike expectations is not resolute enough. The market continues to expect the European Central Bank to raise interest rates next year.
2. OPEC+ initially predicts that global oil supply will be tighter in the fourth quarter
3. Supply chain bottlenecks restrain consumption and investment. The U.S. economy decelerated sharply in the third quarter
4. Author of "Black Swan": For ordinary investors, cash is the right choice for hedging market risks
5. Apple's iPhone revenue in the fourth fiscal quarter was far below expectations, after the market fell more than 5%, and revenue in Greater China surged by 83%
6. Facebook officially changed its name to Meta to welcome the era of virtual reality with a new look.
$Meta Platforms (FB.US)$ $Apple (AAPL.US)$
2. OPEC+ initially predicts that global oil supply will be tighter in the fourth quarter
3. Supply chain bottlenecks restrain consumption and investment. The U.S. economy decelerated sharply in the third quarter
4. Author of "Black Swan": For ordinary investors, cash is the right choice for hedging market risks
5. Apple's iPhone revenue in the fourth fiscal quarter was far below expectations, after the market fell more than 5%, and revenue in Greater China surged by 83%
6. Facebook officially changed its name to Meta to welcome the era of virtual reality with a new look.
$Meta Platforms (FB.US)$ $Apple (AAPL.US)$
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$SGX (S68.SG)$ sure-bull in long run for such a good company..consecutive 17 years of dividend payout without missed! 😊
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$Hasbro (HAS.US)$ Hasbro (HAS) – Hasbro beat consensus forecasts by 27 cents a share, with quarterly earnings of $1.96 per share. The toy maker’s revenue matched analysts’ projections. Hasbro warned that supply chain bottlenecks would hit holiday sales.
$TheRealReal (REAL.US)$ The RealReal (REAL) – The online seller of secondhand luxury goods saw its stock jump 4.8% in the premarket after Raymond James upgraded the stock to “outperform” from “market perform.” Raymond James cites near-term revenue strength and the prospects for profitability growth.
$TheRealReal (REAL.US)$ The RealReal (REAL) – The online seller of secondhand luxury goods saw its stock jump 4.8% in the premarket after Raymond James upgraded the stock to “outperform” from “market perform.” Raymond James cites near-term revenue strength and the prospects for profitability growth.
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