Index Declines 1.5% as All Constituents Trade Lower

The post “Bitcoin After Dark” ETF targets gains while the world sleeps appeared on BitcoinEthereumNews.com. A proposed exchange-traded fund is built to chase Bitcoin’s price action while the U.S. market is shut on Wall Street. The product is named the Nicholas Bitcoin and Treasuries AfterDark ETF, according to a filing dated December 9 was sent to the Securities and Exchange Commission. The fund opens Bitcoin-linked trades “after the U.S. financial markets close” and exits those positions “shortly after the next day’s open.” Trading is locked into the overnight window, and of course the fund will not hold Bitcoin directly. At least 80% of assets would be used on Bitcoin futures, exchange-traded products, other Bitcoin ETFs, and options tied to those ETFs and ETPs. The rest can sit in Treasuries. The filing said that the goal is to use price action that forms when the equity market is offline. Exposure stays inside listed products only. No spot tokens, no on-chain custody, and all positions reset each morning after the open. After-hours trading drives ETF flows Bespoke Investment Group tracked a test using the iShares Bitcoin Trust ETF (IBIT), and reported that “buying at the U.S. market close and selling at the next open since January 2024 produced a 222% gain.” The same test flipped to daytime only showed “a 40.5% loss from buying at the open and selling at the close.” That gap is the return spread the AfterDark ETF is built to target. Source: Bespoke Bitcoin last traded at $92,320, down nearly 1% on the day, down about 12% over the past month, and little changed since the start of the year. ETF filings across crypto keep expanding. Products tied to Aptos, Sui, Bonk, and Dogecoin are now in the pipeline. The pace picked up after President Donald Trump pushed for softer rules at the SEC and the Commodity Futures Trading Commission. After that push,…

The post Goldman Sachs’ Kay Haigh: Fed Has Reached Endpoint of Insurance Rate Cuts; Labor Market Must Weaken Further to Justify More Easing appeared on BitcoinEthereumNews.com. Goldman Sachs analyst Kay Haigh argues that the Federal Reserve may have reached the endpoint for insurance-rate cuts, placing the next test squarely on labor market data to justify further monetary policy accommodation. Recent commentary highlights the dot plot showing hawkish dissents alongside dovish dissents, with renewed language on the degree and timing of future moves likely aimed at appeasing hawks, while keeping the door open to potential easing. Therefore, while a path to rate cuts persists, the case requires a meaningful labor market weakness to reach a higher threshold; until such data materializes, the Fed stance remains cautiously calibrated. Source: https://en.coinotag.com/breakingnews/goldman-sachs-kay-haigh-fed-has-reached-endpoint-of-insurance-rate-cuts-labor-market-must-weaken-further-to-justify-more-easing