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Asset managers prepare for the SEC to break down a wall between mutual funds and ETFs

Finance

Mark Uyeda, commissioner at the US Securities and Exchange Commission (SEC), speaks during the 2024 Financial Markets Quality Conference at Georgetown University in Washington, DC, US, on Tuesday, Sept. 17, 2024. Al Drago | Bloomberg | Getty ImagesThe Securities and Exchange Commission is close to allowing dozens of asset managers to blur the lines between exchange traded funds and mutual funds, in a move that would give investors more choice while also raising some potential tax risks.More than 50 asset managers have petitioned the SEC for exemptive relief in order to offer an ETF share class of an existing mutual fund.…

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BTC ETF Inflows Surge as Basis Trade Nears 9%, Signaling Renewed Demand

Finance

The U.S.-listed spot bitcoin exchange-traded funds (ETFs) recorded $667.4 million in net inflows on May 19, the largest single-day total since May 2, signaling renewed institutional interest. Nearly half of these inflows, $306 million, went into iShares Bitcoin Trust (IBIT), now at $45.9 billion in net inflows, according to data source Farside Investors.The renewed demand follows bitcoin’s strong price performance, having traded above $100,000 for 11 consecutive days, which has helped restore market confidence. Additionally, the annualized basis trade, a strategy where investors go long on the spot ETF and simultaneously short bitcoin futures contracts on the CME, has become…

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Gold price suffers from the negative pressures -Analysis-19-05-2025

Finance

The (Gold) price declined in its last intraday trading, amid the dominance of the bearish correctional trend on the short-term basis, besides a continuous negative pressure comes from its move below its EMA50, this decline indicates the positive momentum especially with the price failure to return above the critical resistance at $3,260.   These pressures accompanied with clear negative signals that appear on the (RSI), after reaching overbought levels, reinforcing the possibilities of the continuation of decline in the upcoming trading unless breaching the mentioned resistance and regaining its bullish momentum. Do you need help in trading decisions? Do you…

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Silver (XAGUSD) Price Forecast: Potentially Bearish Descending Triangle Forms

Finance

Descending Triangle Forms Given the size of the descending triangle, it looks like silver may consolidate for a while longer if the integrity of the triangle is retained. Typically, a breakout can be anticipated before three quarters of the pattern has been filled towards the apex. A decisive decline below $31.65 signals a potential breakdown from the descending triangle pattern. That would open the door for silver to head towards a 50% retracement level at $31.00 or the 61.8% Fibonacci retracement at $30.37. Upside resistance parameters include the top trendline of the pattern (purple) and the most recent lower swing…

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Social Security Administration makes another change to application process, how will it

Finance

WASHINGTON — The Social Security Administration is again making changes to its policies on verifying the identity of applicants. According to CNN, the agency has decided to end a newly instituted policy for determining fraud thanks in part to a backlog it has helped create in applications being processed. The now-canceled policy called for the agency to hold retirement benefit applications for three days in order to look for fraud. As a result, the pause on processing applications combined with dwindling staffing levels and record enrollment led to a backlog of some 575,000 applications. Related story: Wait times at Social…

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