Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
The United States and China are the world's two largest economies and dominant players on the global e-commerce and Internet stages. A new exchange traded fund seizes on those themes.
The TigerShares China-U.S. Internet Titans ETF (NASDAQ:TTTN), the first U.S.-listed ETF from TigerShares, debuted Wednesday.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
What Happened
TTTN follows the Nasdaq China US Internet Tiger Index. That index is home to the 10 largest publicly traded U.S.-based Internet companies and the 10 largest Chinese publicly traded Internet firms. The new ETF debuted just a day after another international Internet ETF came to market, adding to the growing lineup of China-heavy Internet funds currently on the market.
“Today, China and the U.S. are homes to a handful of so-called "internet titans," which are the leading companies involved in a variety of rapidly growing internet-based industries that increasingly impact people's daily lives across the globe, including e-commerce, cloud, search, social media, artificial intelligence, travel services, streaming media, online gaming, and more,” said TigerShares CEO Yang Xu in a statement.
Why It's Important
FREE REPORT: How To Learn Options Trading Fast
In this special report, you will learn the four best strategies for trading options, how to stay safe as a complete beginner, a 411% trade case study, PLUS how to access two new potential winning options trades starting today.Claim Your Free Report Here.
TTTN's top 10 holdings feature six U.S. and four Chinese companies. Alphabet Inc. (NASDAQ:GOOG) and Facebook Inc. (NASDAQ:FB) are the new fund's largest U.S. holdings while Tencent Holdings Ltd. (OTC:TCEHY) and Alibaba Group Holding Ltd. (NYSE:BABA) are TTTN's biggest Chinese holdings. Those four stocks combine for over 31 percent of the new ETF's roster.
Earlier this year, China reached 800 million Internet users, a massive percentage of which access the web and shop online via mobile devices. To be precise, China has 802 million Internet users compared with 300 million in the U.S.
“The most successful internet titans enjoy first-mover advantages, scale economies, and brand dominance across multiple, high-growth categories worldwide,” said Yang in the statement. “Investors can now invest in these market leading firms through TTTN, in a low-cost, concentrated ETF format.”
What's Next
Speaking of fees, TTTN charges 0.59 percent per year, or $59 on a $10,000 investment. That compares favorably with the universe of international Internet ETFs.
Related Links:
A New International Internet ETF
Check Out The Pet Industry ETF
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.