EXCHANGE TRADED FUNDS
Gold soars to record peak as US rate-cut bets burnish appeal
Gold prices hit all-time high on anticipation of U.S. interest rate cut in September. Spot gold up 0.5% to $2,479.75 per ounce. $2,500 target in sight with potential for further increase. Fed officials hint at dovish approach. SPDR Gold Trust holdings increase. Other metals show mixed movements.
Cryptocurrency price on July 16: Bitcoin holds at $63,000 level, Altcoins trade mixed
Major crypto tokens had a mixed day with some recording gains and others facing losses. Bitcoin and Ethereum remained stable, with Bitcoin briefly touching $65,000.
Spot ether ETFs likely to begin trading July 23, industry sources say
The U.S. SEC approved ether ETFs by BlackRock, VanEck, and Franklin Templeton starting July 22. Ether's price increased to $3,433.07. SEC Chair Gary Gensler cited similarities to bitcoin ETF approval. Analysts predict $1 billion monthly inflows; Galaxy Research forecasts more volatility due to ether's $359 billion market value. Initial low hopes transformed with $33.1 billion in net inflows.
Bitcoin rises to $63,000 after Trump attack; Altcoins jump up to 6%
The cryptocurrency market surged after an assassination attempt on Trump at a Pennsylvania rally. Bitcoin rose 4.7% to $63,000, Ether 4.9% to $3,350, and other cryptos gained. Trump's pro-crypto stance, spotlighted in June, influenced markets. Biden challenges him. ZebPay reported increased BTC volume. Stablecoin volume hit $52.9 billion, boosting Polkadot and Shiba Inu.
Rupee falls 4 paise to 83.55 against US dollar in early trade
Rupee fell 4 paise to 83.55 against the US dollar due to strong American currency and high crude prices. Forex traders and RBI measures, including foreign fund inflows and high FX reserves, partially restrained the fall. Brent crude at $85.14, dollar index 104.21, weak US CPI data, inflows, and record-high FX reserves noted.
Cryptocurrency price on July 11: Bitcoin falls below $58k; Avalanche, Toncoin tank up to 5%
Crypto markets dropped 1.4% with Bitcoin, Solana, and Ethereum declining, while BNB, XRP, Cardano, and Tron rose up to 3%.
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Bitcoin rises above $59k amid growing bets on imminent US rate cuts
Cryptocurrencies have rallied on the back of growing expectations of a Fed easing cycle likely to commence in September, with Powell saying on Tuesday that the U.S. is "no longer an overheated economy". However, he provided little clues on how soon those rate cuts could come.
Bitcoin jumps above $57K as markets hope for dovish stance from Powell
Bitcoin was trading 2.7% higher at $57,268, while Ethereum surged 5.3% to $3,071. Other prominent cryptocurrencies, including BNB, Solana, XRP, Toncoin, Dogecoin, Cardano, Tron, Shiba Inu, Polkadot, and Polygon, surged by up to 7%.
Cryptocurrency price on July 8: Bitcoin slips below $56k, Solana, NEAR Protocol decline up to 7%
Cryptocurrency markets saw a decline with Bitcoin, Ethereum, and Solana leading the drop. The global market cap fell to $2.04 trillion in the last 24 hours. Analysts suggest potential further dips due to various factors.
Participating in the India growth story through Nifty50 ETF
A Nifty50 ETF or exchange-traded fund is a passively managed fund that invests in the constituents of the Nifty50 index to replicate its index constituents and consequently its returns.
Think largecap investing, think Exchange Traded Funds
Investing in ETFs tracking Nifty50, including Nifty50 Value 20, provides long-term stability and tax efficiency. Large Cap ETFs use market capitalization to minimize risks, with periodic rebalancing for optimal performance. Brokerage platforms facilitate investments, supporting margin trading. These strategies leverage blue-chip stocks, particularly beneficial in broad-based or bull markets, with dividend yield enhancing stock selection.
Rupee rises 5 paise to 83.44 against US dollar in early trade
The Indian rupee appreciated 5 paise against the US dollar, supported by a retreat in crude oil prices and foreign fund inflows. Analysts predict a broad trading range for the rupee amid positive economic indicators.
Crypto Price Today: Bitcoin, Etherium, Solana, others crash up to 17% on liquidations
Bitcoin crashed 8% to $54,129, impacting ETH, Cardano, Shiba Inu due to election uncertainty, Mt Gox flows, and the Fed's stance.
Bitcoin sinks 8% to four-month low, ether slides 9%
Bitcoin fell to $53,918. Ether dropped to $2,855. Concerns about Biden’s debate, potential Democratic replacement, and Mt. Gox sell-off impacted the market.
Crypto Price Today: Bitcoin slips below psychological $60,000 mark. Etherium, Solana, others down by up to 9%. Here’s why
Bitcoin plunges below $60,000, causing panic among investors as altcoins follow suit. Mt. Gox repayment, government sell-offs, and a massive whale dump contribute to the market chaos
Rupee falls 5 paise to 83.54 against US dollar in early trade
The rupee depreciated 5 paise to 83.54 against the dollar due to high crude prices, starting at 83.52. Positive equities, foreign fund inflows supported. Amit Pabari noted pressures like crude at USD 87. S&P's YeeFarn Phua mentioned fiscal deficit reduction need. NSE Nifty, Sensex surged; FIIs buying shares. Dollar index at 105.36, US yields at 4.35%.
Sebi allows passive funds to invest in listed securities of sponsor's group companies beyond 25%
Earlier, mutual fund schemes were not allowed to invest more than 25 per cent of their net asset value (NAV) in group companies of the sponsor.
Kotak Bank created fund used to bet against Adani: Hindenburg
Kotak Mahindra Bank managed funds for Adani stock trades, leading to significant profits. Despite ET queries, the bank mentioned transactions were made on a principal basis. Kingdon transferred funds for short positions on Adani stocks, resulting in gains after positions were squared off.
Crypto Price Today: Bitcoin gains over 4%, Altcoins Solana, Dogecoin, Cardano jump up to 7%
Bitcoin's bullish trend relies on breaking resistance at $61,500 amid key U.S. macro events like job openings. Market stability is crucial for sustained growth.
Delta Exchange launches India platform for crypto futures & options trading
Delta Exchange's Indian platform offers secure options trading on various crypto assets, supported by prominent investors and boasting impressive trading volumes and growth.
US regulators could approve spot ether ETFs for launch by July 4
Ether ETFs are on the brink of approval, with major stock exchanges gearing up for trading. The process, involving top asset managers and regulatory bodies, seems to be approaching its final stages, indicating a significant development in the ETF market.
How hedge funds are affecting Bitcoin prices
Bitcoin ETFs and hedge funds are driving significant inflows, sparking debates among investors. The surge in investment is influenced by hedge fund strategies, impacting Bitcoin's price dynamics.
Bitcoin slips below $65,000 amid stronger US Dollar; BNB, Shiba Inu drop over 3%
On Friday, major cryptocurrency tokens experienced declines amidst a strengthening U.S. dollar, which reached an eight-week high. The Federal Reserve's cautious stance on interest rate cuts diverged from more accommodative approaches taken by other central banks.
Cryptocurrency price on June 20: Bitcoin holds above $65.5k, Altcoins trade mixed
Major crypto tokens displayed a mixed performance on Thursday. Bitcoin, Ethereum, BNB, XRP, Toncoin, Avalanche, and Chainlink recorded gains, trading up to 2% higher. Conversely, Solana, Dogecoin, Cardano, Shiba Inu, and Uniswap saw losses, trading down by up to 2%.
Cryptocurrency price on June 19: Bitcoin rises above $65.5k on Fed rate cut expectations, Ethereum up 3%
Cryptocurrencies surged on Wednesday, led by Ethereum and Altcoins as soft U.S. retail sales data reinforced expectations of Federal Reserve rate cuts. BTC traded 0.2% higher at $65,568, while Ethereum rose 3.6% to $3,560.
Bitcoin falls below $66,000 level ahead of Federal Reserve officials’ speeches
Vikram Subburaj, CEO of Giottus, noted that Bitcoin has fallen below $66,000, erasing its weekly gains. BTC’s price action suggests a further decline in the short term, with critical support at $63,000. If this trend persists, altcoins will continue to suffer against Bitcoin.
Cryptocurrency prices on June 17: Bitcoin holds steady above $66,000 as market sees mixed movement
In the last 24 hours, the market cap of Bitcoin, the world's largest cryptocurrency, rose to $1.304 trillion. Bitcoin's dominance is currently 54.07%, according to CoinMarketCap. BTC volume in the last 24 hours rose 26.8% to $16.37 billion.
Plan to tweak capital gains tax regime for debt mutual funds
The government is considering changes to the capital gains tax regime for debt mutual funds to provide relief for the Bharat Bond Exchange Traded Fund, amid concerns over the current taxation structure.
ETFs trading at abnormal prices due to high volatility: Check this before investing in mutual fund ETF to prevent avoidable loss
Exchange traded funds NAV: The stock market experienced extreme volatility on June 4 and 5 of 2024. As a result of this volatility the market NAV price of many ETFs showed abnormal premiums or discounts to their indicative i-NAV price. Stock broker Zerodha cautions investors to not buy ETFs if its price is trading at a high premium to its i-NAV value.
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