SpaceX's upcoming IPO may cause forced ETF buying of $22-$27 billion as Nasdaq changes rules to fast-track the company's index inclusion. The Nasdaq 100 now allows new companies to join within 15 days if their market cap ranks in the top 40, removing the 10% free-float requirement. These changes could lead to lawsuits from index fund shareholders who may be forced into unwanted investments. SpaceX might also enter the S&P 500 faster, six months after debut instead of 12, impacting retail investors and ETFs significantly.
WonderFi Technologies announced that its subsidiary Coinsquare Capital Markets received regulatory approval from the Canadian Investment Regulatory Organization for Robinhood's acquisition of WonderFi. The acquisition was previously approved by Wonde...
The YieldMax Ultra Option Income Strategy ETF (ULTY) offers weekly cash distributions annualizing around 24%, targeting high-volatility stocks through options strategies. However, much of its payout comes from returning investors' principal, causing ...
