ETFs

Traders spent about $55 million on bullish call options at the start of the week in a levered exchange-traded fund tracking China’s benchmark stock index, adding to unusual buying seen on Friday.

Jane Street Group LLC, one of the largest market-making firms in the US, posted $14.2 billion of net trading revenue for the first three quarters of 2024, already surpassing the 12-month record it set last year.

Bitcoin bulls are starting to express some doubts after what seemed like an inevitable march toward a record high price of $100,000 loses momentum.

Jane Street Group said a former trader whom it claims stole secret billion-dollar India options strategies for Millennium Management previously ridiculed his new employer’s own strategies as “dumb.”

XRP, a token linked to Ripple Labs Inc., has vaulted rivals to become the third-largest cryptocurrency in a $100 billion rally.

US exchange-traded funds investing directly in Bitcoin and Ether are enjoying unprecedented demand, buoyed by President-elect Donald Trump’s pledge to unfetter the crypto industry from regulatory shackles.

Asian stocks are poised for cautious gains after US shares rose on Friday and as global markets enter a seasonally strong period. Developing nation assets will be in focus after further tariff threats from US President-elect Donald Trump.

Bitcoin exchange-traded funds have been such a smashing success in the US that they now hold more than 1 million of the tokens, or about 5% of what currently exists. That’s in the same ballpark as the amounts that have long been frozen in the wallet of the market’s original whale: The cryptocurrency’s anonymous and enigmatic creator known as Satoshi Nakamoto.

In a week in which US inflation data accelerated, Donald Trump threatened some of America’s closest neighbors with aggressive tariffs, and half of Wall Street was on vacation, the S&P 500 still comfortably beat benchmark stock gauges for both Europe and Asia.

The boom in portfolio trading, where investors can buy or sell scores of corporate bonds with just a few clicks of a mouse, is fueling mega trades that were rare in credit markets just a few years ago.

Brazilian markets were on pace for the worst week in two years after a much awaited plan to cut government spending only added to angst over the country’s budget.

Ethereum faces pressing questions over its direction as a rejigged user experience saps activity and fees, stoking uncertainty about whether the blockchain will continue to underpin commerce in crypto.

A group of one dozen US Bitcoin exchange-traded funds is on the cusp of a record monthly net inflow, bolstered by the digital asset’s historic surge toward $100,000 on President-elect Donald Trump’s embrace of crypto.

Stocks in Asia are poised to open lower on Friday, while US equity futures gained ahead of markets reopening following the Thanksgiving holiday.

Exchange-traded funds have long been a solid pick for investors looking to passively track an index like the S&P 500, while mutual funds were a good bet for active management of portfolios.