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CANE: An ETF Tracking The Volatile World Sugar Futures Market
Seeking Alpha· 2025-08-06 15:16
Group 1: Sugar Market Overview - Sugar is a vital agricultural commodity derived from sugarcane and sugar beets, with sugarcane primarily grown in tropical regions and sugar beets in temperate climates [1] - Brazil is the leading sugar producer, accounting for approximately 24% of global production, followed by India at 12% and the European Union at 9% [2] - The top sugar beet producer is Russia, which benefits from government subsidies, while Brazil leads in unsubsidized sugar exports [3] Group 2: Sugar Futures and Trading - Brazil accounted for nearly half of the world's free-market sugar exports in 2024, and sugar prices are sensitive to crude oil and gasoline prices due to Brazil's use of sugarcane in biofuel production [5] - The Teucrium Sugar ETF (CANE) tracks ICE world sugar prices and provides investors with exposure to sugar futures contracts [7][9] - The CANE ETF has lower historical volatility compared to the nearby world sugar futures contract, with a volatility of 13.63% versus 20.66% for the futures market [16] Group 3: CANE ETF Holdings and Strategy - CANE's portfolio consists of three actively traded deferred futures contracts, which helps mitigate "roll risk" associated with nearby contracts [18] - As of August 2025, CANE's top holdings include various sugar futures contracts, with significant weightings in SUGAR 11 contracts [19] - The ETF offers options for trading, including put and call contracts, with expiration dates extending into 2026 [20] Group 4: Tax and Cost Considerations - The CANE ETF is structured as a commodity pool, requiring investors to receive a Schedule K-1 form for tax reporting, which may delay tax filing [27] - Gains and losses from commodity futures contracts are subject to the 60/40 rule, affecting tax treatment [29] - CANE has a management fee of 0.93%, which is considered high, and it does not pay dividends [25]
突然!2万亿。。
格隆汇APP· 2025-08-06 10:22
ETF进化论 突然!2万亿。。 原创 阅读全文 ...
X @CoinDesk
CoinDesk· 2025-08-06 09:09
An anti-$MSTR ETF surged 19% last week, ending a prolonged downtrend in the wake of multi-million dollar inflows. By @godbole17.https://t.co/AQo7cbYxm8 ...
宏信证券ETF日报-20250806
Hongxin Security· 2025-08-06 09:03
Market Overview - A-shares showed an upward trend today, with the Shanghai Composite Index rising 0.45% to close at 3633.99 points, the Shenzhen Component Index rising 0.64% to close at 11177.78 points, and the ChiNext Index rising 0.66% to close at 2358.95 points. The total trading volume of A-shares in the two markets was 1759.5 billion yuan [2][6]. - The top-performing sectors were National Defense and Military Industry (3.07%), Machinery and Equipment (1.98%), and Coal (1.89%), while the bottom-performing sectors were Medicine and Biology (-0.65%), Commerce and Retail (-0.23%), and Building Materials (-0.23%) [2][6]. Stock ETF - The top-trading-volume stock ETFs today were Huaxia CSI A500 ETF (up 0.39%, discount rate 0.41%), Huatai-PineBridge CSI A500 ETF (up 0.46%, discount rate 0.45%), and Southern CSI A500 ETF (up 0.38%, discount rate 0.38%) [3][7]. Bond ETF - The top-trading-volume bond ETFs today were Haifutong CSI Short-term Financing ETF (up 0.01%, discount rate -0.00%), Fullgoal CSI AAA Sci-tech Innovation Corporate Bond ETF (up 0.04%, discount rate -0.05%), and E Fund CSI AAA Sci-tech Innovation Corporate Bond ETF (up 0.04%, discount rate -0.09%) [4][9]. Gold ETF - Today, the price of gold AU9999 fell 0.09%, and the Shanghai Gold price rose 0.15%. The top-trading-volume gold ETFs were HuaAn Gold ETF (up 0.17%, discount rate -0.04%), E Fund Gold ETF (up 0.12%, discount rate -0.06%), and Bosera Gold ETF (up 0.11%, discount rate -0.05%) [12]. Commodity Futures ETF - Today, Huaxia Feed Soybean Meal Futures ETF rose 0.20% with a discount rate of -0.01%, Jianxin Yisheng Zhengzhou Commodity Exchange Energy and Chemical Futures ETF rose 0.30% with a discount rate of 1.01%, and Dacheng Non-ferrous Metals Futures ETF fell 0.12% with a discount rate of 0.07% [14]. Cross-border ETF - The previous trading day saw the Dow Jones Industrial Average fall 0.14%, the Nasdaq fall 0.65%, and the S&P 500 fall 0.49%, while the German DAX rose 0.37%. Today, the Hang Seng Index rose 0.03%, and the Hang Seng China Enterprises Index fell 0.21%. The top-trading-volume cross-border ETFs today were E Fund CSI Hong Kong Securities Investment Theme ETF (down 0.04%, discount rate 0.93%), GF CSI Hong Kong Innovative Drugs ETF (up 0.75%, discount rate 0.52%), and Huaxia Hang Seng Tech ETF (up 0.27%, discount rate 0.90%) [16]. Money ETF - The top-trading-volume money ETFs today were YinHua RiLi ETF, HuaBao TianYi ETF, and Money ETF JianXin TianYi [18].
X @Crypto Rover
Crypto Rover· 2025-08-06 07:13
-$196.2M outflow for the $BTC ETFs.+$73.3M inflow the the $ETH ETFs.Probably nothing. https://t.co/8aCxKqo5ZY ...
X @CoinDesk
CoinDesk· 2025-08-06 06:10
Crypto traders pulled out millions from $BTC ETFs for the fourth straight day as U.S. data signaled stagflation. By @godbole17.https://t.co/cOw3u2ysmg ...
X @Cointelegraph
Cointelegraph· 2025-08-05 20:00
🚨 ALERT: Glassnode analysts report that Bitcoin’s momentum has cooled across spot, futures, options, and ETF markets, with seller exhaustion starting to appear.They warn the market structure remains fragile and vulnerable to further downside. https://t.co/hs3hlGhKxs ...
X @CoinDesk
CoinDesk· 2025-08-05 19:07
RT CoinDesk Indices (@CoinDeskMarkets)Joshua de Vos, @CoinDesk, provides a July ETF and ETP update. Brought to you by @TrackinsightETF and @ETFExpress."Since the approval of spot bitcoin ETFs in January 2024, US-listed digital asset products have accumulated more than USD186 billion in assets under management (AUM), reflecting unprecedented institutional demand for regulated crypto exposure."Read the full article: https://t.co/4NAa47ff62 ...
X @CoinDesk
CoinDesk· 2025-08-05 16:01
🗞️ Spot ETH ETFs see a record $465M outflow, with BTC ETFs also losing $333M.🗞️ Base suffers its first outage since 2023, halting block production for 29 minutes.🗞️ Treasury company Upexi more than doubled its Solana holdings to over 2M SOL in July.@JennSanasie hosts "CoinDesk Daily."Thank you to @MidnightNtwrk 👋 for being a sponsor of the CoinDesk media network. ...
ETF Edge: Tax-efficient funds and the rush into momentum ETFs
CNBC Television· 2025-08-05 15:35
VettaFi’s director of research Todd Rosenbluth and Astoria portfolio advisors COO & head of ETFs Bruce Lavine sit down with CNBC’s Leslie Picker to discuss new strategies for investors looking to diversify while still trying to stay tax efficient, as well as the growing popularity of momentum ETFs. ...