Pressure mounts on the SEC to approve bitcoin ETF

FRI, JUN 03, 2022

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After months of outflows, bond funds have started seeing inflows again, including high yield and Treasury ETFs. What's going on? Join us Monday on ETF Edge with our guests Jerome Schneider, head of short-term portfolio management and funding at PIMCO , which manages some of the largest actively managed bond ETFs, and Todd Rosenbluth, head of research at VettaFi, and Dan Wiener, editor of The Independent Adviser for Vanguard Investors and Chair of Adviser Investments. What has changed for bonds and is there any reason to believe this is a bottom for bond prices, or is it just a pause? Is the 60/40 stock bond portfolio irrelevant and what will replace it? ETFedge.cnbc.com

More pressure on the SEC to approve a bitcoin ETF. This one is from an esteemed source: Robert Whaley, who invented the Volatility Index (VIX) in 1993, wrote to the SEC in support of Grayscale's effort to turn their Bitcoin Trust (GBTC) into an ETF. Whaley made a familiar argument: that because the SEC approved a bitcoin futures ETF, it must be comfortable approving a pure-play bitcoin ETF. Never mind the SEC itself has already noted the distinction when it approved a bitcoin futures ETF last year. The SEC has until July to give a thumbs up or down on this.

After six years of delays, mainland China and Hong Kong investors will be permitted to trade eligible ETFs listed on each other's exchanges through the use of local securities firms or brokerages.

For more analysis and actionable insights, catch me live this Monday at 1 PM ET on ETF Edge.