With the strong second quarter earnings results of growth stocks and the re-emergence of COVID-19, it's time to broaden the field of value ETFs investors should consider.

In this week’s fund news, Alerian buys ETF Trends and ETF Database; fund companies are giving VC firms a run for their money; and crypto asset manager Grayscale hires a new head of ETFs.

The fund will invest in a basket of stocks intended to have a correlation of up to 90% with the Bitcoin price.

David LaValle will drive the effort to convert the $25 billion Grayscale Bitcoin Trust (GBTC) into an ETF.

U.S. regulators have yet to approve a crypto ETF though more than a dozen companies are looking to launch one.

ARKK is the target of the Short ARKK ETF (SARK) that will deliver the daily inverse performance of the famous fund.

The application for the Simplify Credit Hedge ETF (CDX), which would have invested up to 50% of its assets in credit-default swap index payer options, has been withdrawn.

The SEC chair said that a Bitcoin ETF that complies with the SEC’s strict rules for mutual funds could provide investors with necessary protections.