{"id":290561,"date":"2021-07-03T22:26:00","date_gmt":"2021-07-03T19:26:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/etf-wrap-what-it-might-take-to-convert-the-largest-bitcoin-fund-into-the-u-s-s-first-etf\/"},"modified":"2021-07-03T22:26:00","modified_gmt":"2021-07-03T19:26:00","slug":"etf-wrap-what-it-might-take-to-convert-the-largest-bitcoin-fund-into-the-u-s-s-first-etf","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/etf-wrap-what-it-might-take-to-convert-the-largest-bitcoin-fund-into-the-u-s-s-first-etf\/","title":{"rendered":"#ETF Wrap: What it might take to convert the largest bitcoin fund into the U.S.\u2019s first ETF"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3f9b4a1d047\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3f9b4a1d047\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/etf-wrap-what-it-might-take-to-convert-the-largest-bitcoin-fund-into-the-u-s-s-first-etf\/#ETFs_drew_record_assets_for_the_first_six_months_of_a_calendar_year\" >ETFs\u00a0drew record assets for the first six months of a calendar year<\/a><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><ul class='ez-toc-list-level-6' ><li class='ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/etf-wrap-what-it-might-take-to-convert-the-largest-bitcoin-fund-into-the-u-s-s-first-etf\/#The_Grayscale_ETF\" >The Grayscale ETF<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/etf-wrap-what-it-might-take-to-convert-the-largest-bitcoin-fund-into-the-u-s-s-first-etf\/#State_Street_and_Invesco\" >State Street and Invesco<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/etf-wrap-what-it-might-take-to-convert-the-largest-bitcoin-fund-into-the-u-s-s-first-etf\/#A_record_for_first_half\" >A record for first half<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/etf-wrap-what-it-might-take-to-convert-the-largest-bitcoin-fund-into-the-u-s-s-first-etf\/#The_good_and_the_bad\" >The good and the bad<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-6'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/etf-wrap-what-it-might-take-to-convert-the-largest-bitcoin-fund-into-the-u-s-s-first-etf\/#Is_there_an_ETF_for_that\" >Is there an ETF for that?<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/buradabiliyorum.com\/en\/etf-wrap-what-it-might-take-to-convert-the-largest-bitcoin-fund-into-the-u-s-s-first-etf\/#Mark_DeCambre\" >Mark DeCambre<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#ETF Wrap: What it might take to convert the largest bitcoin fund into the U.S.\u2019s first ETF<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"ETFs_drew_record_assets_for_the_first_six_months_of_a_calendar_year\"><\/span>\n  ETFs\u00a0drew record assets for the first six months of a calendar year<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div id=\"cx-next\" data-nosnippet>\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000322884\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"\n                inline\" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetArticleReader\n              \n              inline\n  article__inset\n          article__inset--type-InsetArticleReader\n              article__inset--inline\n  \"><\/p>\n<div class=\"media-object-article-reader\">\n<div class=\"audioplayer\" data-sbid=\"WP-MKTW-0000322884\" role=\"region\" aria-label=\"Listen to Article\" tabindex=\"-1\" id=\"articlereader\" data-show-title=\"false\" data-theme=\"wsj-article-reader\" data-show-header=\"false\" data-show-subscribe=\"false\" data-ads-enabled=\"true\" data-save-publication=\"false\">\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       <strong>Hello, again! <\/strong>We\u2019ve got crypto on the brain this Thursday. Blame <strong>Cathie Wood<\/strong>\u2018s ARK Invest and 21Shares, which announced earlier this week that they were throwing their collective name into the ring among about a dozen or so prospects aspiring to get a bitcoin<br \/>\n        BTCUSD,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/31322028\/realtime\" class=\"negative\">-1.20%<\/bg-quote><br \/>\n       fund into an ETF wr<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>er. <\/p>\n<p> All the breathless anticipation for a bitcoin ETF, made us wonder why the <strong>Grayscale Bitcoin Trust<\/strong><br \/>\n        GBTC,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203330852\/delayed\" class=\"positive\">+0.39%<\/bg-quote><br \/>\n       hasn\u2019t had an easier go at it than rivals, who are aiming to launch an exchanged-trade fund that is more accessible to average investors. So, ETF Wrap asked Grayscale Investments CEO <strong>Michael Sonnenshein<\/strong> to talk about the process a bit. <\/p>\n<div class=\"paywall\">\n       We\u2019ll get into what he said and his view on the subject of a bitcoin ETF.<\/p>\n<p>As per usual, send tips, or feedback, and find me on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> at\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/mdecambre\" class=\"icon none\">@mdecambre<\/a>\u00a0to tell me what we need to be jumping on.\u00a0Sign up here\u00a0for ETF Wrap.<\/p>\n<h6><span class=\"ez-toc-section\" id=\"The_Grayscale_ETF\"><\/span>The Grayscale ETF<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>Grayscale, which launched in 2013, is a monolith among funds pegged to crypto and Sonnenshein reiterated that the trust is \u201c100% committed to converting,\u201d and said that the provider remains \u201cin very close dialogue with regulators.\u201d<\/p>\n<p>However, it isn\u2019t clear if Grayscale has submitted a public application or prospectus to complete a conversion, which it can also do confidentially. Sonnenshein wouldn\u2019t say precisely where Grayscale is in the process other than to say \u201cour hat is very much in the ring.\u201d<\/p>\n<p>Sonnenshein gives the impression that the fund\u2019s eight-year record as a fund and its status as a Securities and Exchange Commission reporting entity, which comes with regular reporting requirements,  gives it an advantage versus competitors in the race toward an ETF. <\/p>\n<p>\u201cBecoming\u00a0an SEC reporting company\u00a0that was an intense process\u2026and something that I think that is, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a>ly speaking, not appreciated enough.\u201d<\/p>\n<p>\u201cThat brought the product just one major step closer to becoming an ETF,\u201d he said. \u00a0<\/p>\n<p>The SEC has already <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.sec.gov\/rules\/sro\/cboebzx\/2021\/34-92196.pdf\" class=\"icon none\">delayed a decision<\/a> on ETF provider VanEck\u2019s proposed bitcoin product, citing questions about market manipulation and whether any single market participant would have \u201cthe ability to buy or sell large amounts of bitcoin without significant market impact.\u201d<\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>Sonnenshein said that the threat of manipulation is still front and center for the SEC and notes that market infrastructure in the crypto world may also need to improve its systems to allow for better communication and the ability to call out potential acts of manipulation taking place in the market. <\/p>\n<p>\u201cSome of that framework\u00a0does not exist\u201d he noted. That is not to say that it won\u2019t eventually, to be sure. \u00a0<\/p>\n<p>GBTC holds the equivalent of some 654,600 bitcoin and is currently listed on the OTC, or over-the-counter, market. <\/p>\n<p>For its part, Sonnenshein said that there are two other things that Grayscale needs to do get closer to ETF status like shifting from its current OTC home to a larger exchange like the Nasdaq<br \/>\n        NDAQ,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/205547889\/composite\" class=\"positive\">+1.05%<\/bg-quote><br \/>\n       or the Intercontinental Exchange<br \/>\n        ICE,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209108507\/composite\" class=\"negative\">-0.01%<\/bg-quote><br \/>\n      -owned New York Stock Exchange. <\/p>\n<p>The trust would also need to be able to facilitate the creation and redemption of shares via authorized participants, which is considered an integral element that makes ETFs less expensive, and more transparent and tax efficient than, say, mutual funds.<\/p>\n<h6><span class=\"ez-toc-section\" id=\"State_Street_and_Invesco\"><\/span>State Street and Invesco<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>Chatter of a potential merger between State Street\u2019s asset-management arm and<br \/>Invesco, reported by Bloomberg late last year have led to speculate about what such a combination might mean for the ETF business. <\/p>\n<p>It could create the third-largest provider with assets of over $1 trillion, behind BlackRock\u2019s iShares and Vanguard,  <\/p>\n<div data-layout=\"inline\n                \" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetMediaIllustration\n            inline\n  article__inset\n          article__inset--type-InsetMediaIllustration\n            article__inset--inline\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        renoImageFormat-\n        img-inline\n        article__inset__image\n      \" itemscope itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<div style=\"padding-bottom:95.859375%;\" data-mobile-ratio=\"95.859375%\" data-layout-ratio=\"95.859375%\" data-subtype=\"photo\" class=\"image-container  responsive-media article__inset__image__image\">\n        <img decoding=\"async\" srcset=\"https:\/\/images.mktw.net\/im-363093?width=140&amp;size=1.0431947840260798 140w,\nhttps:\/\/images.mktw.net\/im-363093?width=540&amp;size=1.0431947840260798 540w,\nhttps:\/\/images.mktw.net\/im-363093?width=620&amp;size=1.0431947840260798 620w,\nhttps:\/\/images.mktw.net\/im-363093?width=700&amp;size=1.0431947840260798 700w,\nhttps:\/\/images.mktw.net\/im-363093?width=860&amp;size=1.0431947840260798 860w,\nhttps:\/\/images.mktw.net\/im-363093?width=1260&amp;size=1.0431947840260798 1260w\" sizes=\"(max-width: 140px) 100px,\n(max-width: 540px) 500px,\n(max-width: 620px) 580px,\n(max-width: 700px) 660px,\n(max-width: 860px) 820px,\n1260px\" src=\"https:\/\/images.mktw.net\/im-363093?width=620&amp;size=1.0431947840260798\" data-enlarge=\"https:\/\/images.mktw.net\/im-363093?width=1260&amp;size=1.0431947840260798\" alt=\"\" title=\"\"><\/div><figcaption class=\"wsj-article-caption article__inset__image__caption\" itemprop=\"caption\"><\/figcaption><\/figure>\n<\/div>\n<h6><span class=\"ez-toc-section\" id=\"A_record_for_first_half\"><\/span>A record for first half<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p> The first half of 2021 saw a record $466 billion in inflows to ETFs, according to Matthew Bartolini, Head of SPDR Americas Research at State Street Global Advisors. That outpaced the previous first-half record of $242 billion in 2017. <\/p>\n<p>Here are some of the highlights from Bartolini: <\/p>\n<ul class=\"articleList\">\n<li>\n      For the 11<sup>th<\/sup>\u00a0month in a row, cyclical sectors (+$2.4 billion) beat defensives (+$581 million). <\/p>\n<\/li>\n<li>\n      Growth\u00a0ETFs\u00a0had their best month ever while outgaining value.<\/p>\n<\/li>\n<li>\n      Bond\u00a0ETFs\u00a0took in $20 billion in June and are on pace to break 2020\u2019s full year record.\u00a0<\/p>\n<\/li>\n<li>\n      Led by active fixed-income strategies, active\u00a0ETFs\u00a0took in $6.6 billion in June, their sixth highest and the 15<sup>th<\/sup>\u00a0month in a row with inflows\u2014a record streak.<\/p>\n<\/li>\n<li>\n      With over $3 billion of inflows in June into ESG ETFs, those focused on environmental, social, and governance, have now surpassed the notable milestone of more than $100 billion in assets under management<\/p>\n<\/li>\n<li>\n      Treasury-inflation Protected funds had the second-most flows, taking $3 billion. This is their 14<sup>th<\/sup>\u00a0month in a row with inflows.<\/p>\n<\/li>\n<\/ul>\n<h6><span class=\"ez-toc-section\" id=\"The_good_and_the_bad\"><\/span>The good and the bad<span class=\"ez-toc-section-end\"><\/span><\/h6>\n<table>\n<tbody>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <strong>Top 5 gainers of the past week<\/strong><\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <strong><strong>%Return<\/strong><\/strong><\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Invesco Solar ETF<br \/>\n        TAN,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210041821\/composite\" class=\"negative\">-0.16%<\/bg-quote>\n      <\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      9.1<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Amplify Transformational Data Sharing ETF<br \/>\n        BLOK,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/204122720\/composite\" class=\"positive\">+0.53%<\/bg-quote>\n      <\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      6.8<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      ARK Innovation ETF<br \/>\n        ARKK,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/204808965\/composite\" class=\"negative\">-0.78%<\/bg-quote>\n      <\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      5.9<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      SPDR S&amp;P Semiconductor ETF<br \/>\n        XSD,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/204438110\/composite\" class=\"positive\">+0.55%<\/bg-quote>\n      <\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      5.7<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      First Trust NASDAQ Clean Edge Green Energy Index Fund<br \/>\n        QCLN,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/205893823\/composite\" class=\"negative\">-0.22%<\/bg-quote>\n      <\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      5.4<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <em>Source: FactSet, through Wednesday, June 30, excluding ETNs and leveraged products<\/em>.\u00a0<em>Includes NYSE, Nasdaq and Cboe traded ETFs of $500 million or greater<\/em><\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table>\n<tbody>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <strong>Top 5 decliners of the past week<\/strong><\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <strong>%Return<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      U.S. Global Jets ETF<br \/>\n        JETS,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/207744796\/composite\" class=\"negative\">-0.49%<\/bg-quote>\n      <\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      -5.0<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      VanEck Vectors Oil Services ETF<br \/>\n        OIH,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/207596637\/composite\" class=\"negative\">-0.79%<\/bg-quote>\n      <\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      -4.3<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      ETFMG Prime Junior Silver Miners ETF<br \/>\n        SILJ,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/207797470\/composite\" class=\"positive\">+1.85%<\/bg-quote>\n      <\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      -4.2<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      VanEck Vectors Junior Gold Miners ETF<\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      -3.7<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data even\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      Global X MLP ETF<br \/>\n        MLPA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/205872419\/composite\" class=\"positive\">+0.51%<\/bg-quote>\n      <\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      -3.6<\/p>\n<\/td>\n<\/tr>\n<tr class=\"data odd\">\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <em>Source: FactSet<\/em><\/p>\n<\/td>\n<td align=\"\" valign=\"top\" colspan=\"1\">\n      <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h6><span class=\"ez-toc-section\" id=\"Is_there_an_ETF_for_that\"><\/span>Is there an ETF for that? <span class=\"ez-toc-section-end\"><\/span><\/h6>\n<p>Innovator Capital Management launched the Innovator Defined Wealth Shield\u00a0ETF on Cboe Global Markets<br \/>\n        CBOE,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/208166986\/composite\" class=\"negative\">-0.42%<\/bg-quote><br \/>\n       on Thursday.\u00a0The ETF is meant to serve as a bond alternative, with benchmark 10-year Treasury yields<br \/>\n        TMUBMUSD10Y,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.000%\" channel=\"\" class=\"\">1.436%<\/bg-quote><br \/>\n       hovering at  1.50% but analysts are increasingly pointing to the possibility of a return to the 2% range (and higher) as the world reopens from the COVID pandemic and the U.S. economy kicks into higher gear. That means holding on to bonds could be a risky proposition since yields move inversely to price. <\/p>\n<p>BALT<br \/>\n        BALT,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/201994576\/delayed\" class=\"negative\">-0.99%<\/bg-quote><span>,<\/span><br \/>\n       referring to the fund\u2019s ticker symbol, is aiming to compensate investors for the risks in bonds and inflation, especially when factoring in for fees. <\/p>\n<p>The fund is representative of products that promise a set buffer against the downside, in exchange for a ceiling on the upside of your returns, to smooth out stomach-churning market volatility. <\/p>\n<p>Such products, and those like it, have come more into vogue with the Dow Jones Industrial Average<br \/>\n        DJIA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598065\/realtime\" class=\"positive\">+0.44%<\/bg-quote><span>,<\/span><br \/>\n       the S&amp;P 500 index<br \/>\n        SPX,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210599714\/realtime\" class=\"positive\">+0.75%<\/bg-quote><span>,<\/span><br \/>\n       and the Nasdaq Composite Index<br \/>\n        COMP,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598365\/realtime\" class=\"positive\">+0.81%<\/bg-quote><br \/>\n        hovering around records and bond prices are also punching higher but are expected to eventually cool. <\/p>\n<p>It is important to note that BALT doesn\u2019t provide investment income and isn\u2019t meant to mimic a money-market fund but it is intended to \u201cprovide a large buffer (15-20% on a quarterly basis) against loss, with a defined upside cap before fees and expenses, benchmarked to the price return of the SPDR S&amp;P 500 ETF Trust<br \/>\n        SPY,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209901640\/composite\" class=\"positive\">+0.76%<\/bg-quote><span>.<\/span>\n       <\/p>\n<p>Many strategists recommend using such ETFs within the framework of a broader strategy. <\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Mark DeCambre\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Mark_DeCambre\"><\/span>Mark DeCambre<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B20C05575-04D4-B545-74ED-4437D4DB5A7C%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#ETF Wrap: What it might take to convert the largest bitcoin fund into the U.S.\u2019s first ETF&#8221; ETFs\u00a0drew record assets for the first six months of a calendar year Hello, again! We\u2019ve got crypto on the brain this Thursday. Blame Cathie Wood\u2018s ARK Invest and 21Shares, which announced earlier this week that they were throwing&#8230;<\/p>\n","protected":false},"author":1,"featured_media":290562,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-290561","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/290561","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=290561"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/290561\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/290562"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=290561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=290561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=290561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}