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BNP Paribas Asset Management will liquidate two ESG factor ETFs, the BNP Paribas Easy ESG Low Vol US UCITS ETF and the BNP Paribas Easy ESG Momentum Europe UCITS ETF, on May 14, 2025, due to low demand and insufficient asset levels for efficient management. Launched in 2016, the ETFs focus on US and European stocks that meet ESG criteria, but investor interest in ESG ETFs has waned amid regulatory confusion and concerns over greenwashing. Franklin Templeton is also closing its socially responsible investing global equity ETF for similar reasons.
Fidelity has joined the ranks of BlackRock and UBS in the burgeoning market of tokenised Treasuries, which has surged to nearly $11 billion in value. The financial giant plans to launch an Ethereum-based money market fund, OnChain, primarily investing in US government bonds and cash, while maintaining traditional ownership records alongside blockchain transactions.
Carlyle is enhancing its commitment to Switzerland and the DACH region by establishing a private wealth hub in Zurich, appointing Robert Steiner as Head of Wealth Distribution. With a background in financial services from Franklin Templeton and Credit Suisse, Steiner will manage relationships with private wealth clients and intermediaries. This move follows record inflows of $4.5 billion from the wealth channel in 2024, with expectations for continued growth in 2025.
Carlyle is establishing a regional hub for Private Wealth in Zurich, appointing Robert Steiner as Head of Wealth Distribution for Switzerland and the DACH region. This move aims to enhance access to private markets for investors, following record inflows of $4.5 billion in 2024, with expectations for continued growth in 2025.
Fidelity Investments has filed to register a tokenized version of its US dollar money market fund, named "OnChain," on the Ethereum blockchain. This initiative aims to track transactions of the Fidelity Treasury Digital Fund (FYHXX), which is primarily composed of US Treasury bills and currently valued at $80 million. Pending regulatory approval, OnChain is expected to launch on May 30.
Bank of America (BAC) is highlighted as a top low-priced dividend stock amid market volatility driven by trade tensions and geopolitical concerns. The broader market has seen a decline of 7.3% since mid-February, prompting a shift towards dividend stocks, which offer stable income and are favored by investors seeking to balance their portfolios. Recent reports indicate a surge in interest for dividend-focused ETFs, reflecting a growing preference for consistent cash flows in uncertain economic times.
Crossmint, a US blockchain firm, has secured $23.6 million in a funding round led by Ribbit Capital, with participation from Franklin Templeton, Nyca, First Round, and Lightspeed Faction. The funds will be used to enhance infrastructure for AI agents and blockchain tools aimed at simplifying web3 product creation, thereby minimizing the reliance on specialized blockchain engineers for tasks like digital wallet creation and tokenization.
AI agent tokens, including AI16z and Virtuals Protocol, are experiencing significant gains as Franklin Templeton highlights their potential within the crypto ecosystem. AI16z's token surged over 18% to $1.30, while Virtuals Protocol's token rose 15% to $2.98, sparking speculation that AI could become the latest trend in cryptocurrency trading. Despite recent recoveries, both tokens remain below their all-time highs, indicating ongoing volatility in the market.
Ethereum (ETH) is projected to reach $7,200 this quarter, supported by an inverse head-and-shoulders pattern, while Solana (SOL) could surge to $4,000, driven by a cup and handle formation. Sui, currently at $4.57, is expected to climb to $11 in 2025, bolstered by strategic partnerships and a significant Total Value Locked (TVL) of $2 billion.
Amid ongoing crypto market weakness, Solana (SOL) emerges as a strong contender for investment in 2025, supported by its technological capabilities and bullish projections. Analysts highlight its potential for a rebound, with price predictions reaching up to $370, driven by institutional adoption and favorable market conditions. The anticipated pro-crypto government policies may further enhance Solana's appeal, positioning it for significant growth.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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