##  [# Hot Reads: State Street: No Plans To Sell ETF Arm](/sections/daily-hot-reads/hot-reads-state-street-no-plans-sell-etf-arm) 

 

# Hot Reads: State Street: No Plans To Sell ETF Arm

 

 

Plus, 'BITO' approaches its limit on futures contracts.



 

 

 

 

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[By ETF.com Staff](/contributors/etfcom-staff)

 Oct 22, 2021

 Edited by: ETF.com Staff

 

 

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*Compiled by ETF.com Staff*

[**SSgA: No Plans To Sell Asset Management Arm**](https://www.ft.com/content/fab17780-e243-4be6-82a1-de5e3ae33114?desktop=true&segmentId=7c8f09b9-9b61-4fbb-9430-9208a9e233c8#myft:notification:daily-email:content) (Financial Times)

The third-largest issuer of ETFs said during its latest earnings call that it’s not looking to sell.

[**BITO Approaches Limit On Futures Contracts**](https://www.bloomberg.com/news/articles/2021-10-21/bitcoin-etf-is-already-in-danger-of-breaching-a-limit-on-futures) (Bloomberg)

Intense demand for BITO may be too much for its own good.

[**Evergrande Staves Off Default**](https://www.nytimes.com/2021/10/21/business/china-evergrande-bond-payment.html) (New York Times)

Chinese state media said the embattled developer made an $83.5 million interest payment on the eve of its grace period expiring.

[**Key Oil Hub Emptying To Levels Suggesting $100 Oil**](https://finance.yahoo.com/news/u-oil-hub-emptying-levels-223245249.html) (Yahoo Finance)

Reserves at the Cushing, Oklahoma crude oil depot are depleting.

[**JPMorgan Has Bitcoin Futures Warning**](https://www.fa-mag.com/news/jpmorgan-warns-boom-for-bitcoin-futures-etfs-may-come-at-a-cost-64519.html) (FA Magazine)

The pent-up demand may end up costing investors by distorting the futures markets.

[**Is BITO The New GLD?**](https://www.forbes.com/sites/bryanrich/2021/10/19/is-the-bitcoin-etf-bito-the-new-gld/?sh=52461f1052d6) (Forbes)

Though it’s too early to draw conclusions, there are signs that speculative investors might be swapping [**GLD** ](https://www.etf.com/GLD)for the new bitcoin ETF.

[**Being A Contrarian Easier In Hindsight**](https://awealthofcommonsense.com/2021/10/being-a-contrarian-is-easier-in-hindsight/) (A Wealth Of Common Sense)

It’s easier to follow the herd in the moment than move against it.



 

 

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