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LIVE MARKETS Exchange-traded funds: now on a blockchain?

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  • Dow, S&P dip >1%, small caps outperform
  • Consumer staples weakest major S&P sector; energy leads gainers
  • Dollar dips; gold, crude, bitcoin gain
  • U.S. 10-Year Treasury yield tumbles to ~1.86%

Feb 28 – Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com

EXCHANGE-TRADED FUNDS: NOW ON A BLOCKCHAIN? (1330 ET/1830 GMT)

Exchange-traded funds (ETFs) are some of the biggest investment vehicles in the market. CFRA estimates that as much as $700 billion flowed into equity-focused ETFs alone in 2021.

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With their lower fees and relative ease of trading, it’s no surprise that crypto-curious investors are eagerly awaiting the approval of a spot bitcoin ETF, but so far have had to settle for a handful that track futures , .

Meanwhile, institutional-investor focused digital asset management firm Arca thinks a next iteration of funds could involve the integration of blockchain technology – a “blockchain transferred fund” (BTF).

A BTF…

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