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Finance

Korean asset managers adjust ETF inclusion schedules ahead of SpaceX listing

South Korea\'s space-themed exchange-traded funds have repeatedly adjusted their plans to include SpaceX ahead of its expected Nasdaq listing. Strong expectations around the listing have drawn large inflows into related ETFs, but managers have changed inclusion and disclosure schedules close to the debut. Some funds plan to add exposure two trading days after listing rather than on the day itself. Investors are being urged to check actual inclusion timing, weights and volatility risks.

Crypto

Jay Clayton, figure in XRP lawsuit, nominated for U.S. director of national intelligence

Jay Clayton (제이 클레이턴), the former U.S. Securities and Exchange Commission chairman who began an unregistered securities lawsuit against Ripple Labs over XRP, has been nominated as a candidate to lead the U.S. Director of National Intelligence. The nomination comes after opposition in Congress to a prior pick. Clayton is serving as Manhattan U.S. attorney and is reported to have been recommended by CIA Director John Ratcliffe.

Crypto

BlackRock\'s BITA listing seen ahead as fee set at 0.65 percent, rivalry with Goldman Sachs bitcoin spot ETF emerges

BlackRock has set the fee for its bitcoin premium income exchange-traded fund, BITA, at 0.65 percent ahead of a planned Nasdaq listing. CoinPost reported that BlackRock filed a fourth amended registration statement with the U.S. Securities and Exchange Commission on June 10. Bloomberg ETF analyst Eric Balchunas said the fee is below two large covered-call bitcoin spot ETFs. He also said BITA appears close to launch, as competition with Goldman Sachs intensifies.