Market Overview - Bitcoin has fallen below the $90,000 mark for the first time in seven months, indicating a deepening sell-off in the crypto market and raising concerns about its role as an early warning signal for broader risk assets [1] - The total market capitalization of the crypto market has decreased by 2% in 24 hours to $3.08 trillion, with trading activity at $202 billion [2] Bitcoin and Major Cryptocurrencies Performance - Bitcoin's decline is noted at 2.5% daily and 12.7% weekly, losing key support levels [2] - Ethereum has also experienced a decline of 14% over the week, while XRP has seen a steeper decline of over 17% [2] Investor Sentiment - The Bitcoin Fear and Greed Index is currently in "Extreme Fear," reflecting negative investor sentiment [3] Bitcoin ETFs and Outflows - U.S.-listed spot Bitcoin ETFs reported $75.4 million in inflows, ending a five-day outflow streak, primarily driven by BlackRock's IBIT, which attracted $60.6 million [3] - Despite the inflows, the recovery is insufficient to cover the over $500 million lost the previous day [3] - Grayscale's Bitcoin Mini Trust recorded positive flows, while Fidelity and VanEck experienced a combined outflow of $39 million [4] Industry-Wide Trends - Crypto exchange-traded products recorded $2 billion in outflows last week, marking the highest weekly figure since February, with U.S. products accounting for nearly all of it [4] - U.S. spot Bitcoin ETFs have lost almost $3 billion in November, indicating one of the weakest months on record for this category [5] Economic Context - Markets are preparing for an uncertain December Federal Reserve meeting, with rate-cut expectations dropping to 41.8% this week [5] - Analysts have noted that restricted liquidity has contributed to Bitcoin's sharp decline in November, as reduced liquidity negatively impacts speculative assets [6]

Core Viewpoint - Dimensional Fund Advisors has received regulatory approval to adopt a dual share class fund structure, previously exclusive to Vanguard, which is expected to save investors billions in taxes [1][2]. Group 1: Regulatory Approval and Fund Structure - Dimensional has been granted exemptive relief to offer dual share class funds, allowing the addition of exchange-traded fund (ETF) share classes to 13 of its US equity funds [2]. - The approval marks a significant moment for the $13 trillion US ETF industry, as many money managers have seen substantial outflows from mutual funds to more tax-efficient ETFs [3]. Group 2: Industry Impact and Future Prospects - The dual share class fund design, created by Vanguard over two decades ago, has now become available to other firms following the expiration of Vanguard's patent in 2023 [4]. - Over 75 other firms are currently seeking permission from the SEC to utilize the dual share class model, indicating a potential wave of future approvals [4]. - Analysts predict that the approval could lead to a surge in new ETFs, potentially altering the tax implications and performance of numerous mutual funds, and may facilitate greater access to ETFs within the American retirement system [6].

T. Rowe Price has launched four new active fixed income ETFs, with three of those being tax-free municipal bond ETFs. Tax-free muni bond ETFs have seen increased interest in recent years, taking advantage of the ETF wrapper's strengths and flexibility compared to mutual funds. The four new ETFs, including a multisector income ETF, brings the firm's suite to 28 total strategies. Earn free CE credits and discover new strategies Load More The tax-free ETF suite launches also included the new T. Rowe Price High ...

India’s markets kicked off November on a choppy note. The NIFTY 50, representing 50 of the largest Indian companies listed on the National Stock Exchange, slipped nearly 1% early in the month before staging a 2.8% rebound.The benchmark index is now up about 1.7% for November and roughly 11% year to date. India’s economic outlook remains optimistic, supported by robust consumer demand, strong infrastructure spending, rising foreign inflows, cooling inflation and the prospect of easing trade tensions between ...

Sun Life Financial’s newly unified asset-management division plans to hire about 20 senior executives as it looks to turn a collection of investment managers into a more coordinated global powerhouse https://t.co/8zaedVmuD3 ...

Core Insights - T. Rowe Price has launched four new active fixed income ETFs, expanding its active ETF suite to a total of 28 funds [1][4] - The new offerings include three tax-free ETFs and one "go-anywhere" active bond ETF, aimed at providing investors with greater flexibility and performance potential [1][4] - The T. Rowe Price Multi-Sector Income ETF (TMSF) will invest across a diverse global fixed income landscape, including various countries, currencies, and credit sectors [2][3] Company Developments - TMSF features a team of co-portfolio managers, including Kenneth Orchard, Vincent Chung, Adam Marden, and Jeanny Silva, and charges a fee of 37 basis points for its active management approach [2] - The demand for actively managed fixed income ETFs has been increasing, with advisors seeking expert guidance to navigate the bond market [2][4] - T. Rowe Price's expanded lineup of active bond ETFs is expected to support advisors and meet the growing market demand [2][4] Industry Trends - The active bond ETF market is becoming increasingly competitive, with TMSF's flexible investment strategy distinguishing it from passive bond funds [3][4] - The proliferation of active ETF products has contributed to a rise in overall ETF launches, with fixed income ETFs being a significant growth area [4] - Active bond ETFs are seen as an attractive option for investors looking to refresh their bond holdings in a changing market environment [4]

Group 1: Interest in Crypto Funds - Six major Japanese asset managers, with a total of $2.5 trillion in assets under management, have expressed interest in launching crypto funds [1] - The firms include Mitsubishi UFJ Asset Management, Nomura Asset Management, SBI Global Asset Management, Daiwa Asset Management, Asemane One, and Amova Asset Management [1] Group 2: Company Profiles - Mitsubishi UFJ Asset Management is part of the Mitsubishi UFJ Financial Group, which has total assets of approximately $2.7 trillion and has been exploring blockchain and crypto projects [2] - Nomura Asset Management, Japan's largest wealth manager, manages 153 trillion yen in client assets, holding a 15% share of the domestic market [2] - Daiwa Asset Management had around $213 billion in assets under management as of March 2024 [3] Group 3: Regulatory Environment - The Financial Services Agency (FSA) of Japan is considering allowing investment trusts that incorporate cryptocurrencies, which could accelerate Japanese investment in crypto [3] - Recent changes in the regulatory landscape, influenced by developments in the US and Europe, are prompting a shift in Japan's financial sector towards digital assets [4] - The FSA is preparing to reclassify Bitcoin, Ethereum, and over 100 altcoins as financial products [6] Group 4: Market Sentiment - The approval of Bitcoin spot exchange-traded funds in the US has generated optimism among Japanese investors regarding the creation of cryptocurrency investment trusts [5] - Japanese law currently restricts fund managers from including crypto in their portfolios, but the FSA is pursuing deregulatory policies to position Tokyo as a regional crypto hub [5]

Core Insights - J.P. Morgan Asset Management (JPMAM) announced estimated annual reinvested capital gain distributions for its ETFs, which are typically reinvested at year-end and do not include ongoing cash distributions [1][2] - The final capital gains distributions will be confirmed by December 15, 2025, with record date set for December 31, 2025, and payment on January 9, 2026 [2] Estimated Capital Gains Distribution - The estimated annual reinvested capital gains per unit for various JPMorgan ETFs are as follows: - JPMorgan Global Select Equity Active ETF (JGLO): $0.09, representing 0.22% of NAV - JPMorgan Nasdaq Equity Premium Income Active ETF (JEPQ): $0.00, representing 0.00% of NAV - JPMorgan US Bond Active ETF (JBND): $0.01, representing 0.04% of NAV - JPMorgan US Core Active ETF (JCOR): $0.21, representing 0.72% of NAV - JPMorgan US Equity Premium Income Active ETF (JEPI): $0.00, representing 0.00% of NAV - JPMorgan US Growth Active ETF (JGRO): $0.06, representing 0.20% of NAV - JPMorgan US Ultra-Short Income Active ETF (JPST): $0.00, representing 0.00% of NAV - JPMorgan US Value Active ETF (JAVA): $1.01, representing 3.82% of NAV [4] Company Overview - J.P. Morgan Asset Management manages assets totaling USD 4 trillion as of September 30, 2025, serving a diverse clientele including institutions, retail investors, and high net worth individuals globally [5][7]

Stone Fox Capital is an RIA from Oklahoma. Mark Holder is a CPA with degrees in Accounting and Finance. He is also Series 65 licensed and has 30 years of investing experience, including 15 years as a portfolio manager. Mark leads the investing group Out Fox The Street where he shares stock picks and deep research to help readers uncover potential multibaggers while managing portfolio risk via diversification. Features include various model portfolios, stock picks with identifiable catalysts, daily updates, ...

These investors act slowly but hold positions for years. That contrasts with crypto-native issuers that depend on retail flows. Franklin's ETF introduces XRP to capital that prioritizes long-term positioning over short-term trading spikes.Franklin's advantage is reach. Its network spans over 13,000 advisory firms managing trillions in client assets. When Franklin lists a product, it travels through pension desks, wealth managers, insurance allocators, and university endowments.Institutions trust Franklin's ...