Streetbeat News

Assets

EDV

GLDM

LIT

SGOL

Mid-cap ETFs with AUM between $2 billion and $10 billion were screened for changes in net assets. Winners include abrdn Physical Gold Shares ETF (SGOL) and SPDR Gold MiniShares Trust (GLDM), both up 2.71% and 2.61% respectively. Losers include Global X Lithium & Battery Tech ETF (LIT) and Vanguard Extended Duration Treasury ETF (EDV), down 7.50% and 7.48% respectively. LIT's largest holdings are Albemarle Corporation (ALB) and Tesla, Inc. (TSLA).

Portfolio Pulse from Johnny Rice

October 24, 2023 | 10:30 am

EMXC

IGV

IWY

SPTS

The iShares Russell Top 200 Growth ETF (IWY) and iShares MSCI Emerging Markets ex China ETF (EMXC) have seen significant increases in Assets Under Management (AUM) over the past week, while iShares Expanded Tech-Software Sector ETF (IGV) and SPDR Portfolio Short Term Treasury ETF (SPTS) have seen decreases. IWY and EMXC added $526.63 million and $308.32 million in AUM respectively, while IGV and SPTS lost $390 million and $317.84 million respectively.

Portfolio Pulse from Johnny Rice

October 24, 2023 | 10:28 am

BIL

GLD

HYG

SPY

A screening of large-cap ETFs revealed that SPDR S&P 500 ETF Trust (SPY) and SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) had the largest positive returns, adding $502.21 million and $490.03 million in net assets respectively. On the other hand, iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and SPDR Gold Shares (GLD) lost $1.01 billion and $871.39 million in net assets respectively. Despite a 3% increase in the spot price of gold, GLD lost close to a billion in AUM.

Portfolio Pulse from Johnny Rice

October 24, 2023 | 10:27 am

GDX

GLD

TLT

XLY

Large-cap ETFs have seen significant changes in net assets over the past week. Winners include VanEck Gold Miners ETF (GDX) and SPDR Gold Shares (GLD), both of which have seen increases due to the rise in gold prices. Losers include Consumer Discretionary Select Sector SPDR Fund (XLY) and iShares 20+ Year Treasury Bond ETF (TLT), both of which have seen decreases.

Portfolio Pulse from Johnny Rice

October 24, 2023 | 10:26 am

ASTI

Ascent Solar Technologies, Inc (NASDAQ:ASTI) shares are trading higher after the company received encouragement from the U.S. Department of Energy to submit a full application for federal funding of the Agrivoltaic Product Development Project. The company is working on agrivoltaic technologies that will benefit American farmers by enabling reliable and durable on-site solar power generation. The Biden-Harris Administration has shown commitment to spurring agrivoltaic adoption with a funding opportunity, which will award $45 million for projects to enable continued solar cost reductions.

Portfolio Pulse from Nabaparna Bhattacharya

October 24, 2023 | 10:18 am

BTCUSD

DOGEUSD

ETHUSD

Dogecoin co-creator Billy Markus expressed his hopes for Bitcoin's monumental price surge and revealed his three favorite cryptocurrencies: Bitcoin, Ethereum, and Dogecoin. He also mentioned his strained relationship with the Dogecoin community. In related news, BlackRock’s iShares Bitcoin Trust, a highly anticipated spot Bitcoin ETF, has made significant progress towards its launch.

Portfolio Pulse from Mehab Qureshi

October 24, 2023 | 6:00 am

AAPL

META

MSFT

NVDA

Apple Inc. (AAPL) is lagging behind competitors Meta Platforms Inc. (META) and Microsoft Corporation (MSFT) in the generative AI race, according to analyst Ming-Chi Kuo. Apple's plans to procure 2,000 to 3,000 AI servers in 2023 and 18,000 to 20,000 units in 2024 represent only 1.3% and 5% of global AI server shipments respectively, falling short compared to Meta's planned purchase of 40,000 AI servers next year. Kuo suggests that Apple would need to invest several billion dollars annually to catch up with its competitors.

Portfolio Pulse from Ananya Gairola

October 24, 2023 | 5:49 am

BTCUSD

Crypto analyst CrediBULL Crypto predicts that the current bull market is just the beginning, as Bitcoin surpasses $34,000. The analyst believes that the largest market moves occur when the Relative Strength Index (RSI) surpasses the overbought threshold on higher time frames. This comes as Bitcoin's price surge coincides with the progress of the highly anticipated spot Bitcoin ETF by BlackRock, known as the iShares Bitcoin Trust.

Portfolio Pulse from Mehab Qureshi

October 24, 2023 | 5:21 am

BTCUSD

SHIBUSD

Shiba Inu (SHIB) has seen a 6% increase and a 600% spike in token burn rate amid a wider market rally due to optimism surrounding potential approval of Bitcoin (BTC) spot ETFs. The trading volume of SHIB surged by 147.39%, reaching $245 million within a 24-hour period. This coincides with Bitcoin's recent milestone of surpassing $34,000. The price movements align with a significant development related to the highly anticipated spot Bitcoin ETF by BlackRock, known as the iShares Bitcoin Trust.

Portfolio Pulse from Mehab Qureshi

October 24, 2023 | 4:58 am

BTCUSD

STXUSD

Bitcoin Layer-2 Stacks (CRYPTO: STX) has surged 13% within the past 24 hours, with a 230% increase in trading volume, reaching $165 million. This surge coincides with Bitcoin's rise past $34,000, a level not seen since May 2022. The majority of STX trading occurred on exchanges such as Binance, KuCoin, and Coinbase. The price movements coincide with developments related to BlackRock’s anticipated spot Bitcoin ETF, the iShares Bitcoin Trust, which recently appeared on a list maintained by the Depository Trust and Clearing Corporation (DTCC).

Portfolio Pulse from Mehab Qureshi

October 24, 2023 | 3:59 am