- Reuters
US SEC expected to deny spot ether ETFs next month, industry sources say
U.S. issuers and other firms expect the Securities and Exchange Commission to deny their applications to launch exchange-traded funds (ETFs) tied to the price of ether after discouraging meetings with the agency in recent weeks, four people said. VanEck, ARK Investment Management and seven other issuers have filed with the SEC to list ETFs that would track the spot price of the world's second-largest cryptocurrency after bitcoin. The SEC must decide on VanEck's and ARK's filings, which are first in line, by May 23 and May 24 respectively.
- Thomson Reuters StreetEvents
Q1 2024 SEI Investments Co Earnings Call
Q1 2024 SEI Investments Co Earnings Call
- Reuters
Futures falter as Meta Platforms weighs on megacaps
Meta plunged 12.9% in premarket trading after the Facebook-parent forecast higher expenses and lighter-than-expected revenue and raising fears the surging cost of AI is outpacing its benefits. Shares of some other growth stocks also fell, with Alphabet, Amazon.com and Microsoft down between 1.5% and 2.7%.
