ETFs

The product, launching Wednesday, is set to track the Solactive Roundhill Meme Stock Index

In this week's fund news, Ritholtz and WisdomTree launch the RWM WisdomTree Crypto Index, Thrivent gets into the ETF business, Apollo moves further into wealth management, and the first NFT-focused ETF comes to market.

SEC Chair Gary Gensler said that even though non-U.S. regulators have approved a spot ETF, the SEC’s decision wouldn’t be influenced by that. 

Ritholtz Wealth Management teamed up with WisdomTree Investments Inc. to unveil the RWM WisdomTree Crypto Index.

U.S.-listed ETFs gathered $800 billion of new money in the first 11 months of 2021, continuing to obliterate the prior record of $504 billion set in 2020.

State Street’s move makes its funds cheaper than similar products from competitors.

Defiance ETFs is launching the Defiance Digital Revolution ETF (NFTZ), which will track a blockchain-related-companies and non-fungible-token index.

Small but focused, activist asset manager Engine No. 1 managed to win three board seats at Exxon Mobil earlier this year. It's now bringing its brand of shareholder engagement to a wider swath of companies, and investors, with ETFs.