Hashdex Asset Management announced it will close and liquidate the Hashdex Bitcoin ETF by August 28, 2026. The decision follows an evaluation of factors including low assets under management—approximately $14.7 million as of July 30, 2026—trading liquidity, operating costs, and investor interest. Shareholders can trade shares until August 17, 2026, after which the ETF will be delisted and remaining bitcoin holdings liquidated. The liquidation distribution will reflect net asset value minus costs and bitcoin price changes during wind-down. Hashdex continues managing over $200 million in other U.S. products.
Best Buy reported a strong fiscal Q2 2027 with revenue up 3.6% to $9.78 billion and comparable sales rising 4.1%, surpassing expectations. Adjusted diluted EPS increased 15% to $1.47, helped partly by $34 million in tariff refunds. Following these re...
BP, a major global energy company, is actively managing its portfolio by potentially selling oil and gas assets in Egypt to Energean and investing in new projects like a Halliburton contract in Brazil's offshore field. This strategic move aims to enh...
Evernorth Holdings received SEC approval for its Form S-4 registration, enabling its merger with Armada Acquisition Corp. II and a Nasdaq listing under the ticker XRPN. The merger is expected to raise over $1 billion, making Evernorth the largest pub...
Radiant World, a Singapore-based iron ore trading firm claiming $9.6 billion in revenue, is losing key partners after allegations of invalid invoices surfaced. Major commodity traders like Vitol, Cargill, and Glencore stopped business with Radiant, t...
Cardano's constitutional committee must ratify a governance action by September 6, 2026, to renew four of its seven seats. If not ratified by then, the committee falls below its minimum size of five members, causing a governance standstill where no m...
