ETF Week: Bitcoin Setback, New Pickens Oil Fund

Slow week for launches and closures.
Reviewed by: Staff
Edited by: Staff

Below is a roundup of the key developments in the ETF space during the week of Aug. 20, 2018:


SEC Rejects Filings
The SEC rejected nine bitcoin ETF filings this week from three ETF issuers; however, the regulatory body said it would stay the rejections and review. There are also two filings awaiting review.

(See: Bitcoin ETFs Not Quite Dead Yet)

It was a slow week for launches—only one. UBS rolled out another addition to its family of ETRACS ETNs, this one tracking an index that evokes the name of financier T. Boone Pickens, which would be the second ETF bearing his name. The ETRACS NYSE Pickens Core Midstream Index ETN (PYPE) focuses on companies that fall within the gathering and processing, liquefaction, pipeline transportation, rail terminaling and storage industries.

(See: Another Boone Pickens Fund Launches)

There were no announced ETF closures this week.

Amplify ETFs has filed for an ETF that will look to provide exposure to what its prospectus refers to as the “crowdfunding ecosystem.” The Amplify CrowdBureau Peer-to-Peer Lending & Crowdfunding ETF will target companies that provide individual loans that are sourced from multiple individuals or institutions.

(See: Crowdfunding ETF Planned)

The JPMorgan BetaBuilders Canada ETF (BBCA), which launched two weeks ago, has already hit $1 billion in assets under management—$1.28 billion, to be exact. That makes BBCA the second-fastest ETF to hit $1 billion in assets, smashing the record set by the asset management firm's similarly branded JPMorgan BetaBuilders Japan ETF (BBJP) last month.

(See: New Canada ETF 2nd Fastest To $1B) is the single source for ETF intelligence. We provide real-time ETF news and analysis to educate investors and drive financial knowledge in the space. Our personalized and accurate information, alongside industry-leading financial tools, are depended upon to develop winning investment and financial decisions. At, we strive to serve both the individual investor as well as the professional financial advisor to educate and grow the ETF community.