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Reuters reported that BlackRock Inc, has received approval from the U.S. securities regulator to proceed with a copper-backed exchange-traded fund, potentially eclipsing of JPMorgan, whose similar product has experienced a series of delays.
Reuters reported that BlackRock Inc, has received approval from the U.S. securities regulator to proceed with a copper-backed exchange-traded fund, potentially eclipsing of JPMorgan, whose similar product has experienced a series of delays.
As quoted in the market report:
The launch of copper ETFs are intended to give large U.S.-based funds easier access to the copper market, but some industrial users worry that such products will remove a large chunk of the metal from the market and inflate prices.
