On the Alternatives Exchange, HNW investors and advisors will be able to browse, purchase and sell private investments such as real estate, hedge funds and private equity.
Grayscale Investments will use BNY Mellon for exchange-traded fund services upon the hoped-for conversion of its $21.5 billion Grayscale Bitcoin Trust (GBTC)
The unit of Boston-based asset manager Fidelity Investments Inc. plans to add about 100 workers in technology and operations in Dublin, Boston and Salt Lake City.
In this week’s fund news, a new House bill would update restrictions on closed-end funds investing in private markets; advisor Ross Gerber launches an active ETF; and CoastalOne introduces an alternatives platform powered by WealthForge.
The ARK 21Shares Bitcoin ETF, trading under ARKB, would track the performance of the world’s largest cryptocurrency as measured by the S&P Bitcoin Index.
The Periodic Table of Asset Classes is best perceived as a general organization of financial instruments arrayed in terms of relative liquidity and risk tolerance.