Your weekly update on top ETF trends
 | FRI, JUL 09, 2021 | | | | | | YOUR WEEKLY UPDATE ON TOP ETF TRENDS | | | | Join me this Monday on ETF Edge at 1 PM ET, when my guests will be Mark Yusko, CEO and chief investment officer of Morgan Creek Capital Management; Jeremy Schwartz, global head of research at WisdomTree, which just launched a U.S. Growth and Momentum Fund (WGRO); and Wallach Beth Capital managing director Andrew McOrmond. Catch my live conversation with these heavy hitters on cnbc.com/etf-edge Are we in for an IPO slowdown? Renaissance Capital's Kathleen Smith told ETF Edge this week that "a little bit of fear in the market will help" investors such as her firm's Renaissance U.S. IPO ETF (IPO) by reducing prices. China's regulatory crackdown on its U.S.-listed companies, including recently debuted Didi, will likely spark a "cooling off" period, she said. Another bitcoin ETF proposal delayed. Anthony Scaramucci's SkyBridge Capital and First Trust will have to wait longer for word on their bitcoin ETF proposal, the SEC said Wednesday. The commission prolonged its review period to August 25th. Scaramucci remains hopeful, telling CNBC on Tuesday that he was "willing to accept the volatility in bitcoin." The predictive power of ETFs was on full display during this week's sell-off, Bloomberg reports. Investors withdrew nearly $4 billion from the SPDR S&P 500 ETF Trust (SPY) on Wednesday – the largest outflow in two months – and over $320 million from the iShares S&P SmallCap 600 Value ETF (IJS), the most since 2019. The moves came a day before Thursday's sharp decline in the broader market. For more analysis and actionable insights, catch me live on Mondays at 1 PM ET on ETF Edge. |
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