In this week's fund news, iM Global Partner continues U.S. expansion; ProFunds debuts the first Bitcoin strategy mutual fund; and investors have saved $357 billion thanks to passive indexing.

Blank-check companies meet all the criteria of innovations that precede market distress.

Retail investors net bought shares worth $18.9 million in the zero-fee trading platform on its listing day, far less than the IPOs of other high-profile firms.

Kanye West knows a thing or two about volatility.

The Goldman Sachs Innovate DeFi and Blockchain Equity ETF would track the Solactive Decentralized Finance and Blockchain Index.