In this week's fund news, a new Morningstar report shows investors are more likely to allocate to funds based on diversity data; Wave Financial Group launches an NFT fund; and Wells Fargo, JP Morgan bring Bitcoin funds to wealthy clients.

Palantir’s 100-ounce gold bars will be kept in a secure location in the northeastern U.S.

Short interest on the ARKK ETF has risen since the end of June to 4.6% of outstanding shares, close to a record high of 5.3% set in March

The Wave NFT Fund will be structured as a three-year closed-end fund, offered via private placement to accredited investors in the U.S. and qualified investors internationally.

For longtime denizens of Wall Street, it’s perhaps of some relief that Gen Z Ivy Leaguers are as puzzled by the past 18 months in financial markets as they are.

Digital-asset investment products from Grayscale, Bitwise, 21Shares and others saw outflows for the fifth straight week, the longest such streak since January 2018.

The long-awaited bipartisan infrastructure bill also has potential ramifications for fiduciaries.

The proposal would clarify rules on who is a broker for cryptocurrency and ensure that it wouldn’t sweep in software developers, cryptocurrency transaction validators, node operators or other non-brokers.

Increased awareness and enhanced technology platforms have helped make it easier for individual investors to access previously unavailable asset classes.

Start having conversations with clients now to retain and reel in both the crypto-haves and the crypto-ready-to-haves.