ETC Group plans to list the world’s first centrally cleared Bitcoin Exchange Traded Cryptocurrency, Bitcoin Exchange Traded Crypto – (BTCE).
First Bitcoin ETC launched on Deutsche Börse
Global markets experienced a rough patch after following excitement that markets were back in positive territory for the year.
European markets saw a decrease in the FTSE 100 of -5.76%, the FTSE 250 -6.30%, Stoxx Europe 600 -5.63% and the DAX -6.99%. U.S. equities were down -4.73% for the same period.
ETF Launches and Updates
ETC Group is planning to list the world’s first centrally cleared Bitcoin Exchange Traded Cryptocurrency, Bitcoin Exchange Traded Crypto – (BTCE), on Deutsche Börse’s XETRA platform later this month.
The ETC tracks the price of Bitcoin and is physically backed.
This is the first cryptocurrency product to launch on XETRA, the inaugural ETP from ETC Group and the first cryptocurrency ETC to be available through HANetf’s white label ETP platform. Source: ETF Express
Flows and Performance
The World Gold Council reported that in the last five months, gold-backed ETF inflows have outpaced records for any whole calendar year, hitting record AUM highs of $195 billion.
European funds added $2.4 billion, which was led by UK-based funds.
ETF investors continued to pile into airline stocks with the U.S. Global Jets ETF for an amazing 70-day streak.
Newly minted day traders and “bored” millennials have poured money into the ETF as airlines rebound following reopenings and eased shelter-in-place guidelines.
Eric Balchunas reported that the JETS ETF ‘finally’ saw outflows last week, ending the 70 day inflow that spanned 3.5 months and added up to $1.2b. JETS YTD is down -42.04%.
In a similar vein, the newly launched Roundhill Sports Betting & iGaming ETF (BETZ) saw impressive trading volume within the first week of its launch on 4 June.
On its first day of trading alone, BETZ saw more than $17 million in shares traded, while on its second day, $50 million worth of shares exchanged hands.
Fund Performance and Flows
Top 3 Best Weekly Performers in the UK
WisdomTree Brent Crude Oil 1x Daily Short +7.84%
WisdomTree FTSE 250 1x Daily Short +6.62%
WisdomeTree FTSE 100 1x Daily Short +6.34%
Top 3 Worst Weekly Performers in the UK
Lyxor S&P 500 Banks UCITS ETF -12.98%
Lyxor MSCI World Energy TR UCITS ETF – Acc (USD) -11.62%
iShares Edge MSCI USA Value Factor UCITS ETF (Dist) -11.01%
Top 3 Weekly UK Inflows
iShares Global Corp Bond ETF $321.5m
iShares Core EURO Corp Bond UCITS ETF EUR (Acc) $202m
WidomTree Long JPY Short GBP $90.3m
Top 3 Weekly UK Outflows
iShares Treasury Bond 1-1yr UCITS ETF USD Acc -$161.9m
Xtrackers Physical Gold ETC -$112.1m
Lyxor S&P 500 UCITS ETF – Dist (USD) -$111.2m
Data source: ETFLogic