Hot Reads: State Street: No Plans To Sell ETF Arm
Plus, 'BITO' approaches its limit on futures contracts.
Compiled by ETF.com Staff
SSgA: No Plans To Sell Asset Management Arm (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 (Bloomberg)
Intense demand for BITO may be too much for its own good.
Evergrande Staves Off Default (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 (Yahoo Finance)
Reserves at the Cushing, Oklahoma crude oil depot are depleting.
JPMorgan Has Bitcoin Futures Warning (FA Magazine)
The pent-up demand may end up costing investors by distorting the futures markets.
Is BITO The New GLD? (Forbes)
Though it’s too early to draw conclusions, there are signs that speculative investors might be swapping GLD for the new bitcoin ETF.
Being A Contrarian Easier In Hindsight (A Wealth Of Common Sense)
It’s easier to follow the herd in the moment than move against it.
