Hot Reads: The Crypto Contagion Continues

Plus, China’s reopening has major implications for the global economy.

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Reviewed by: Zoya Mirza
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Edited by: Zoya Mirza

New York AG Accuses Celsius ex-CEO of Defrauding Crypto Investors (CNBC)
Letitia James alleges Alex Mashinsky defrauded thousands of investors, lying to them about the extent of losses when he was CEO of now-bankrupt crypto exchange Celsius.

 

Crypto Lender Genesis Considers Bankruptcy, Lays Off 30% of Staff (Wall Street Journal)
Firm suffered steep losses from loans it supplied to Alameda, Three Arrows.

 

BlackRock’s China ETF Sees Massive Inflow on Pro-Growth Rally (Bloomberg)
Investors are flooding into the largest U.S.-listed ETF tracking Chinese stocks as it roars higher on hopes the unwinding of China’s zero-COVID policy will resuscitate demand.

 

How China’s Reopening Will Disrupt the World Economy (The Economist)
A tale of death, growth and inflation.

 

Why Investors Should Stop Fixating on Apple and Tesla Stock in 2023 (Yahoo Finance)
And as a bevy of new leaders are surfacing in the S&P 500 index, history suggests these two stocks aren't likely to retain their top-of-mind status for investors in the coming years.

 

Sun Setting on SPY Supremacy (Financial Times)
State Street’s pioneering flagship ETF, the $355 billion SPDR S&P 500 ETF Trust (SPY), will be supplanted by Vanguard and BlackRock rivals by the end of the year, says The ETF Educator’s Nate Geraci.

 

JPMorgan’s Smash-Hit ‘Income’ ETF Seen Battling Off Bond Market (Bloomberg)
One of the biggest hits in the $6.6 trillion ETF industry last year has a worthy opponent in 2023: the bond market. 

 

3 Great ETFs for 2023 and Beyond (Morningstar)
Investors don’t have to give up long-term performance to manage current risks.

Zoya Mirza is a markets reporter at etf.com. Her work has appeared in USA Today, Voice of America, and United Press International, among others. Mirza is a graduate of Northwestern University’s Medill School of Journalism. Her past experiences include editorial work in book publishing and conducting political analysis for NGOs and think tanks. Mirza is a passionate bibliophile and collects vintage postcards from every bookstore she visits in a new city.