Defiance ETFs has introduced the Defiance Photonics UCITS ETF (PHOT), the first European ETF focused on photonics technology companies involved in developing, manufacturing, and commercializing optical hardware that uses light for data processing. This launch taps into the growing demand for faster, energy-efficient data transmission driven by AI and cloud computing, as photonics offers advantages over traditional electrical connections in data centers. The ETF is listed on the London Stock Exchange and Borsa Italiana, with plans for Xetra listing, and expands Defiance's European UCITS ETF lineup, which now manages $162.57 million. This product provides investors targeted exposure to the photonics value chain, including optical components, photonic semiconductors, and manufacturing infrastructure, positioning it as a key investment in the evolving tech infrastructure landscape.
In Austria, selling Bitcoin directly between private individuals is taxed the same as sales via crypto exchanges. The taxable event is the capital gain—the difference between sale proceeds and acquisition cost—with a 27.5% tax rate for Bitcoin acquir...
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PayPal's stock dropped sharply by 14.67% to $52.45 after Stripe and Advent withdrew their $60.50 per share acquisition offer, causing the company's market value to fall from $52.58 billion to $44.87 billion. This reversal ended the summer rally drive...
