ETFS Capital buys ETF.com from Cboe Global Markets
Market operator and global trading solutions provider Cboe Global Markets today announces that strategic investment company ETFS Capital has acquired the business of ETF.com.
ETF.com, which was founded in 2001, aims to deliver clear, independent and authoritative exchange traded fund (ETF) news, analysis and education to help participants make better investment decisions. When Cboe (previously Bats) acquired ETF.com in 2016, its goal was to help retail investors and advisors understand the benefits of ETFs through best-in-class educational content. Under Cboe’s ownership, ETF.com has boosted its multimedia business with webinars, events, videos and podcasts.
ETFS Capital is focused on growth opportunities across the investment ecosystem. ETF.com joins its portfolio alongside European ETF website ETF Stream and AltFi, a website for the global fintech community.
Graham Tuckwell, Chairman, ETFS Capital, said:
“The ongoing record growth of the global ETF industry is an incredible opportunity for an industry-leading resource like ETF.com. All participants want more effective and innovative ways to share, analyse and understand the evolution of the global ETF industry, so we are acquiring and further investing in ETF.com to make this a reality.”
Laura Morrison, Senior Vice President, Global Head of Listings, Cboe Global Markets, said:
“Cboe plans to continue offering ETF.com’s excellent resources and marketing services to our listings and trading clients as its global footprint broadens. This deal also creates the opportunity for related collaboration between Cboe and ETFS Capital over time.”
Drew Voros, Editor-in-Chief of ETF.com, said:
“We are excited to join the ETFS Capital group, which shares both Cboe and ETF.com’s commitment to growing the ETP space through analysis, news coverage, education and data. Over the years, ETF.com has benefitted from Cboe’s strengths as one of the leading and fastest growing marketplaces for ETPs to expand our readership, voice and presence globally. We look forward to having ETFS Capital’s support in our continued success and creating a new relationship with Cboe to serve the ETF investing community.”
Terms of the deal were not disclosed. Cboe says the acquisition is immaterial for it from a financial perspective.