REX Stock and tuttle capital management have applied for exchange-traded funds (ETFs) intended to offer double the daily return of SpaceX and anthropic once the companies start operating. The proposed funds, called 2x leveraged ETFs, reflect a growing trend among asset managers to move aggressively and secure first-mover advantage in products tied to high-profile listings,…
By Jarrett Banks As insurers search for performance in an era of capital pressure and volatile markets, many have outsourced large parts of their balance sheets to specialist asset managers who promise sophistication, diversification and access to complex credit. The argument is familiar: insurers focus on underwriting, while third-party managers generate returns through insurance-linked securities,…
BlackRock bets on stablecoins. The Wall Street giant said Thursday that it will retool one of its money market funds to explicitly serve U.S. stablecoin issuers, making the fund an approved reserve asset for such tokens under the recently passed law. GENIUS Law. The BlackRock Select Treasury Based Liquidity Fund (BSTBL) will eliminate agency investments,…
