Market Signal Briefing

Deeper Drilling Continues to Drive Expansion of High-Grade Core

Highlights

Near-surface, higher-grade drill results continue at the La Verde copper-gold porphyry discovery, outlining a potential higher-grade starter pit for the Company's Costa Fuego copper-gold project, located in Chile's coastal range DKD036 recorded 150 m grading 0.52% CuEq2 (0.37% Cu, 0.21 g/t Au) from 30 m depth Including 38 m grading 0.70% CuEq (0.55% Cu, 0.21 g/t Au) from 117 m DKD035 recorded 220 m grading 0.47% CuEq (0.37% Cu, 0.14 g/t Au) from 38 m depth Including 68 m grading 0.64% CuEq (0.52% Cu, 0.15 g/t Au) from 187 m Latest results add to nine previously recorded significant drill intersections, which underpin a rapidly emerging, shallow zone of higher-grade copper-gold mineralisation at La Verde Strong chalcopyrite-rich, copper porphyry style mineralisation visually recorded over approximately 150m downhole width in current drillhole DKD039, significantly expanding La Verde's high-grade core at depth Double-shift diamond drilling continuing, second drill rig (Reverse Circulation ("RC")) expected to commence soon _______________________________

1 Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations. Assay results are pending and will be reported in accordance with the JORC Code (2012) and National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Sampling methodologies are described in the attached JORC Table 1.

2 Copper Equivalent (CuEq) reported for the drillhole intersections were calculated using the following formula: CuEq% = ((Cu% × Cu price 1% per tonne × Cu_recovery) + (Mo ppm × Mo price per g/t × Mo_recovery) + (Au ppm × Au price per g/t × Au_recovery) + (Ag ppm × Ag price per g/t × Ag_recovery)) / (Cu price 1% per tonne × Cu_recovery). The Metal Prices applied in the calculation were: Cu=4.50 USD/lb, Au=3,150 USD/oz, Mo=20 USD/lb, and Ag=30 USD/oz. The entirety of the intersection is assumed as fresh. The recovery and copper equivalent formula for La Verde uses Cortadera as a proxy, which is considered reasonable given both the similar mineralisation style and amenability testwork completed thus far at La Verde – Recoveries of 83% Cu, 56% Au, 83% Mo and 37% Ag. CuEq (%) = Cu(%) + 0.69 x Au(g/t) + 0.00044 x Mo(ppm) + 0.0043 x Ag(g/t).

, /PRNewswire/ - Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) ("Hot Chili" or the "Company") is pleased to announce further strong drill results from its La Verde copper–gold (Cu-Au) porphyry discovery, located 30 km south of the Company's Costa Fuego Cu-Au Project ("Costa Fuego" or "the Project") planned central processing hub in Chile's coastal Atacama region.

Core photo from DKD039 (709m downhole) showing vein-hosted and disseminated chalcopyrite (~3%) and pyrite (~2%) mineralisation in strongly veined tonalite host rock, assay results expected April 2026(1) (CNW Group/Hot Chili Limited)

Figure 1. Location of La Verde in relation to Costa Fuego, coastal range Chile. (CNW Group/Hot Chili Limited)

Figure 2. Plan view map of La Verde showing planned and returned drilling compared with updated +0.2% copper (yellow), +0.3% copper (red), +0.4% copper (magenta) mineralisation interpolants. Conceptual open pit shells(1) displayed for $US3.50/lb Cu (blue) and $US6.00/lb Cu (green) displayed as dashed lines. Results reported including CuEq(2). (CNW Group/Hot Chili Limited)

Figure 3. Plan view slice at 1050 m, clipped to +/- 100 m (surface is ~1150 mRL). Significant intersections are shown for the entire drillhole, where available. Eleven drill intersections inform the high-grade core within 200 m of surface. Drillholes with pending assays are shown in black. Updated +0.2% copper (yellow), +0.3% copper (red), +0.4% copper (magenta) mineralisation interpolants included, drillhole intervals bolded by >0.6% CuEq(1). (CNW Group/Hot Chili Limited)

Figure 4. NNW facing longitudinal section of the La Verde porphyry system showing +0.2% copper (yellow), +0.3% copper (red), +0.4% copper (magenta) mineralisation interpolants. Drillhole intervals are coloured by CuEq(1). Completed drillholes pending assays, including DKD039, are shown as black traces. Currently planned but not yet drilled holes are shown as white traces. (CNW Group/Hot Chili Limited)

Significant intersections returned from drillholes DKD035 and DKD036 add to nine previously recorded significant drill intersections drillholes (Figures 2 to 4), which define a 400 m x 400 m higher-grade, near-surface copper-gold zone. These results look likely to contribute a higher-grade starter pit to the Costa Fuego open pit mine schedule, significantly reducing payback and positively impacting key financial metrics of Hot Chili's March 2025 Pre-Feasibility Study ("PFS"). Latest results include:

DKD036 recorded 150 m grading 0.52% CuEq1 (0.37% Cu, 0.21 g/t Au) from 30 m depth Including 38 m grading 0.70% CuEq (0.55% Cu, 0.21 g/t Au) from 117 m, and DKD035 recorded 220 m grading 0.47% CuEq (0.37% Cu, 0.14 g/t Au) from 38 m depth Including 68 m grading 0.64% CuEq (0.52% Cu, 0.15 g/t Au) from 187 m Similar to previous near-surface drill intersections, these latest significant results commence immediately beneath shallow gravel cover, indicating the potential for simple, cost-effective overburden removal in a future higher-grade starter pit development.

Importantly, latest results from DKD0035 and DKD0036 are located up-dip from previously reported DKD032 drilling intersection, which recorded 148 m grading 0.82% CuEq (0.60% Cu, 0.30 g/t Au) from 70 m depth.

In addition, current drillhole DKD039 (Figures 2 to 4), has recorded a visual intersection of strong copper porphyry-style mineralisation. Chalcopyrite abundance within the 580 m to 730 m interval is estimated to average greater than 1% (Table 2), with several intervals recording chalcopyrite abundance above 3%.

This latest visual mineralisation significantly expands La Verde's high-grade core, with assay results expected to be returned in April 2026.

Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations. Assay results are pending and will be reported in accordance with the JORC Code (2012) and National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Sampling methodologies are described in the attached JORC Table 1.

New results from two additional diamond tail extensions (DKP006D and DKP021D) of earlier RC drillholes also expanded La Verdes' +0.4% Cu mineralised footprint laterally toward the east (Figure 2).

DKP021D recorded an additional 54 m grading 0.42% CuEq (0.34% Cu, 0.11 g/t Au) from 593 m depth, including 19 m grading 0.66% CuEq (0.51% Cu, 0.21 g/t Au) from 593 m depth. The original RC drillhole recorded 80 m grading 0.3% CuEq (0.3% Cu, 0.1 g/t Au) from 234 m, and 46 m grading 0.3% CuEq (0.3% Cu, 0.1 g/t Au) from 324 m.

________________________

1 Copper Equivalent (CuEq) reported for the drillhole intersections were calculated using the following formula: CuEq% = ((Cu% × Cu price 1% per tonne × Cu_recovery) +(Mo ppm × Mo price per g/t × Mo_recovery) + (Au ppm × Au price per g/t × Au_recovery) + (Ag ppm × Ag price per g/t × Ag_recovery)) / (Cu price 1% per tonne × Cu_recovery). The Metal Prices applied in the calculation were: Cu=4.50 USD/lb, Au=3,150 USD/oz, Mo=20 USD/lb, and Ag=30 USD/oz. The entirety of the intersection is assumed as fresh. The recovery and copper equivalent formula for La Verde uses Cortadera as a proxy, which is considered reasonable given both the similar mineralisation style and amenability testwork completed thus far at La Verde – Recoveries of 83% Cu, 56% Au, 83% Mo and 37% Ag. CuEq (%) = Cu(%) + 0.69 x Au(g/t) + 0.00044 x Mo(ppm) + 0.0043 x Ag(g/t).

Latest results have provided confidence to expand Hot Chili's Phase two drill program, with a second drillrig expected to commence shortly.

Initial metallurgical testwork for La Verde, also using seawater, indicate similar recoveries to those recorded at Costa Fuego1. Sample selection for further metallurgical testwork is underway and assay results are outstanding for five diamond drillholes, including DKD039.

The Company looks forward to providing further updates as assays results are received.

This announcement is authorised by the Board of Directors for release to ASX and TSXV. For more information please contact:

Christian Easterday 

Tel:       +61 8 9315 9009

Managing Director & CEO – Hot Chili           

Email: [email protected]

Carol Marinkovich

Tel:       +61 8 9315 9009

Company Secretary – Hot Chili 

Email: [email protected]

Graham Farrell   

Email: [email protected]

Investor & Public Relations

or visit Hot Chili's website at www.hotchili.net.au

Figure 1 note:

1asl = above sea level

Table 1. New significant drilling intersections from La Verde

Hole ID  

Coordinates

Azim 

Dip 

Hole Depth 

Intersection 

Interval 

Copper 
Eq1

Copper 

Gold

Silver

Molyb.

North

East

RL

From

To

(m)

(% CuEq)

(% Cu)

(g/t Au)

(ppm Ag)

(ppm Mo)

DKD035

6,786,027

324,596

1,153

80

-60

278.5

38

258

220

0.47

0.37

0.14

0.65

16

Incl

121

153

32

0.56

0.41

0.20

0.68

12

& Incl

187

255

68

0.64

0.52

0.15

0.88

26

Or Incl

187

207

20

0.76

0.61

0.21

1.05

15

DKD036

6,786,029

324,597

1,153

130

-54

371.9

30

180

150

0.52

0.37

0.21

0.86

8

Incl

117

155

38

0.70

0.55

0.21

1.31

8

238

371

133

0.42

0.33

0.12

0.46

15

Incl

254

289

35

0.63

0.49

0.19

0.69

15

DKP006D

6785721

324727

1130

110

-60

384.2

76

186

110

0.39

0.27

0.15

0.84

6

Incl

124

172

48

0.54

0.38

0.22

1.09

6

Or Incl

124

144

20

0.74

0.49

0.35

1.36

8

& Incl

227

233

6

0.59

0.42

0.25

0.38

3

254

272

18

0.49

0.40

0.13

0.41

4

DKP021D  

6785619

324325

1178

75

-60

834.1

118

128

10

0.30

0.27

0.03

0.41

18

284

478

194

0.32

0.26

0.06

0.45

27

Incl

286

300

14

0.43

0.37

0.08

0.61

13

& Incl

437

449

12

0.51

0.40

0.10

0.81

98

593

647

54

0.42

0.34

0.11

0.61

22

Incl

593

612

19

0.66

0.51

0.21

0.93

4

757

766

9

0.43

0.30

0.15

0.47

60

Notes to Table 1: Significant intercepts for La Verde are calculated above a nominal cut-off grade of 0.20% Cu. Where appropriate, significant intersections may contain up to 30m down-hole distance of internal dilution (less than 0.20% Cu). Significant intersections are separated where internal dilution is greater than 30m down-hole distance. The selection of 0.20% Cu for significant intersection cut-off grade is aligned with marginal economic cut-off grade for bulk tonnage polymetallic copper deposits of similar grade in Chile and elsewhere in the world.

1 Copper Equivalent (CuEq) reported for the drillhole intersections were calculated using the following formula: CuEq% = ((Cu% × Cu price 1% per tonne × Cu_recovery) + (Mo ppm × Mo price per g/t × Mo_recovery) + (Au ppm × Au price per g/t × Au_recovery) + (Ag ppm × Ag price per g/t × Ag_recovery)) / (Cu price 1% per tonne × Cu_recovery). The Metal Prices applied in the calculation were: Cu=4.50 USD/lb, Au=3,150 USD/oz, Mo=20 USD/lb, and Ag=30 USD/oz. The entirety of the intersection is assumed as fresh. The recovery and copper equivalent formula for La Verde uses Cortadera as a proxy, which is considered reasonable given both the similar mineralisation style and amenability testwork completed thus far at La Verde – Recoveries of 83% Cu, 56% Au, 83% Mo and 37% Ag. CuEq (%) = Cu(%) + 0.69 x Au(g/t) + 0.00044 x Mo(ppm) + 0.0043 x Ag(g/t).

Table 2. DKD039 mineral abundance details

Hole ID

From 

(m)

To

(m)

Mineral

Mineral %

Description (Mineralisation Mode)

Expected Release 

of Results 

DKD039   

580

591

cp / py

0.5% / 1.8%

Disseminated and vein-hosted cp/py in intramineral porphyry

April 2026

591

605.77

cp / py / mo

0.2% / 0.9% / 0.1%

Disseminated cp/py in late mineral porphyry

April 2026

605.77

609

cp / py

0.3 % / 0.7%

Disseminated and vein-hosted cp/py in intramineral porphyry

April 2026

609

617

cp / py

0.4% / 1.3%

Disseminated and vein-hosted cp/py in intramineral porphyry

April 2026

617

618

cp / py

0.2% / 0.7%

Altered wallrock with minor disseminated cp/py

April 2026

618

630.1

cp / py

0.6% / 1.4%

Disseminated and vein-hosted cp/py in intramineral porphyry

April 2026

630.1

630.2

-

-

Interval of Core Loss

April 2026

630.2

659.21

cp / py

0.8% / 1.2%

Disseminated and vein-hosted cp/py in intramineral porphyry

April 2026

659.21

659.8

cp / py

0.7% / 2.0%

Brecciated contact zone between early and intramineral phases

April 2026

659.8

670.7

cp / py / mo

0.8% / 1.6% / 0.1%

Disseminated and vein-hosted cp/py/mo in intramineral porphyry

April 2026

670.7

674.65

cp / py

1.8% / 1.3%

Brecciated contact zone between early and intramineral phases

April 2026

674.65

677.8

cp / py

1.0% / 1.8%

Disseminated and vein-hosted cp/py in intramineral porphyry

April 2026

677.8

678.13

cp / py

0.2% / 1.0%

Disseminated cp/py in late mineral porphyry

April 2026

678.13

681.83

cp / py

1.8% / 1.8%

Brecciated contact zone between early and intramineral phases

April 2026

681.83

682.34

cp / py

1.0% / 1.5%

Brecciated contact zone between early and intramineral phases

April 2026

682.34

683.8

cp / py

2.0% / 1.5%

Brecciated contact zone between early and intramineral phases

April 2026

683.8

684.5

cp / py

1.5% / 1.5%

Disseminated and vein-hosted cp/py in intramineral porphyry

April 2026

684.5

685.05

cp / py

1.0% / 2.5%

Disseminated and vein-hosted cp/py in intramineral porphyry

April 2026

685.05

712.6

cp / py

2.1% / 1.8%

Disseminated and vein-hosted cp/py in early-mineral porphyry

April 2026

712.6

716.72

cp / py

0.6% / 1.0%

Altered wallrock with disseminated cp/py

April 2026

716.72

717.1

cp / py

3.0% / 2.0%

Brecciated contact zone between early and intramineral phases

April 2026

717.1

726.17

cp / py

1.7% / 1.9%

Disseminated and vein-hosted cp/py in early-mineral porphyry

April 2026

726.17

730

cp / py

0.9% / 1.7%

Disseminated and vein-hosted cp/py in intramineral porphyry

April 2026

Notes to Table 2: cp = chalcopyrite, py = pyrite, mo = molybdenite. Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations. Assay results are pending and will be reported in accordance with the JORC Code (2012) and National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Sampling methodologies are described in the attached JORC Table 1.

Figure 2 notes:

1 See Page 9 of this announcement for detail on the US$3.50 Cu and US$6.00 Cu conceptual open pit shells (Exploration Targets). Any potential tonnage and grade of the Exploration Target shown is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource within the target area, and it is uncertain if further exploration will result in the estimation of a Mineral Resource.

2 Copper Equivalent (CuEq) reported for the drillhole intersections were calculated using the following formula: CuEq% = ((Cu% × Cu price 1% per tonne × Cu_recovery) + (Mo ppm × Mo price per g/t × Mo_recovery) + (Au ppm × Au price per g/t × Au_recovery) + (Ag ppm × Ag price per g/t × Ag_recovery)) / (Cu price 1% per tonne × Cu_recovery). The Metal Prices applied in the calculation were: Cu=4.50 USD/lb, Au=3,150 USD/oz, Mo=20 USD/lb, and Ag=30 USD/oz. The entirety of the intersection is assumed as fresh. The recovery and copper equivalent formula for La Verde uses Cortadera as a proxy, which is considered reasonable given both the similar mineralisation style and amenability testwork completed thus far at La Verde – Recoveries of 83% Cu, 56% Au, 83% Mo and 37% Ag. CuEq (%) = Cu(%) + 0.69 x Au(g/t) + 0.00044 x Mo(ppm) + 0.0043 x Ag(g/t).

Figure 3 note:

1 Copper Equivalent (CuEq) reported for the drillhole intersections were calculated using the following formula: CuEq% = ((Cu% × Cu price 1% per tonne × Cu_recovery) + (Mo ppm × Mo price per g/t × Mo_recovery) + (Au ppm × Au price per g/t × Au_recovery) + (Ag ppm × Ag price per g/t × Ag_recovery)) / (Cu price 1% per tonne × Cu_recovery). The Metal Prices applied in the calculation were: Cu=4.50 USD/lb, Au=3,150 USD/oz, Mo=20 USD/lb, and Ag=30 USD/oz. The entirety of the intersection is assumed as fresh. The recovery and copper equivalent formula for La Verde uses Cortadera as a proxy, which is considered reasonable given both the similar mineralisation style and amenability testwork completed thus far at La Verde – Recoveries of 83% Cu, 56% Au, 83% Mo and 37% Ag. CuEq (%) = Cu(%) + 0.69 x Au(g/t) + 0.00044 x Mo(ppm) + 0.0043 x Ag(g/t).

Figure 4 note:

1 Copper Equivalent (CuEq) reported for the drillhole intersections were calculated using the following formula: CuEq% = ((Cu% × Cu price 1% per tonne × Cu_recovery) + (Mo ppm × Mo price per g/t × Mo_recovery) + (Au ppm × Au price per g/t × Au_recovery) + (Ag ppm × Ag price per g/t × Ag_recovery)) / (Cu price 1% per tonne × Cu_recovery). The Metal Prices applied in the calculation were: Cu=4.50 USD/lb, Au=3,150 USD/oz, Mo=20 USD/lb, and Ag=30 USD/oz. The entirety of the intersection is assumed as fresh. The recovery and copper equivalent formula for La Verde uses Cortadera as a proxy, which is considered reasonable given both the similar mineralisation style and amenability testwork completed thus far at La Verde – Recoveries of 83% Cu, 56% Au, 83% Mo and 37% Ag. CuEq (%) = Cu(%) + 0.69 x Au(g/t) + 0.00044 x Mo(ppm) + 0.0043 x Ag(g/t).

Qualifying Statements

Conceptual Open Pit Shells

Conceptual open pit shells represent Exploration Targets as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' (JORC Code). They are based on completed exploration activities reported in the announcement released 19 May 2025 ('Hot Chili Announces Latest Drill Results for La Verde, Doubling Porphyry Discovery Footprint').

The conceptual open pit shells were generated using copper (Cu) prices of US$3.50/lb Cu and US$6.00/lb Cu on a series of nested Cu grade shells. Other input parameters informing the conceptual open-pit shells (pit slope angles, mining cost, processing cost, etc.) were derived from values reported in the March 2025 Costa Fuego Pre-feasibility Study and are considered appropriate for the style of mineralisation encountered at the La Verde Cu-Au porphyry discovery.

Any potential quantity and grade of the Exploration Target shown is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource within the target area, and it is uncertain if further exploration will result in the estimation of a Mineral Resource.

Further exploration activities are detailed in this announcement and include (but may not necessarily be limited to) a program of diamond drillholes aiming to extend the mineralised footprint at La Verde. Drilling commenced on 22 September 2025, with the length of the program dependent on a number of considerations including (but not limited to) the results of the exploration activities and regulatory applications and approvals.

Qualified Person – NI 43-101

The technical information in this announcement has been reviewed and approved by Mr. Christian Easterday, MAIG, Hot Chili's Managing Director and a qualified person within the meaning of NI43-101.

Competent Person – JORC

The information in this announcement that relates to Exploration Results and Exploration Targets for the La Verde project is based upon information compiled by Mr Christian Easterday, the Managing Director and a full-time employee of Hot Chili Limited, who is a Member of the Australasian Institute of Geoscientists (AIG). Mr Easterday has sufficient experience that is relevant to the style of mineralisation and type of deposits under consideration and to the activity which he is undertaking to qualify as a 'Competent Person' as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' (JORC Code). Mr Easterday consents to the inclusion in this announcement of the matters based on their information in the form and context in which it appears.

The information in this announcement relating to previously reported Exploration Results for La Verde was previously reported in the Company's announcements 'Hot Chili Confirms Major Cu-Au Porphyry Discovery at La Verde', 'Hot Chili Announces Latest Drill Results for La Verde, Doubling Porphyry Discovery Footprint', 'District-Scale Porphyry Cluster Potential Emerging at La Verde Cu-Au Discovery', 'First Diamond Drillhole Confirms Gold-Rich Major Copper Discovery in Coastal Chile', 'Near-Surface Higher-Grade Core Confirmed at La Verde' and 'Rapid Growth of High Grade Core Continues at La Verde' released to ASX on 26 February 2024, 19 May 2025, 29 May 2025, 27 November 2025, 10 December 2025 and 20 January 2026, respectively, which are available to view on the Company's website at www.hotchili.net.au/investors/investor- centre/market-announcements. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements.

Disclaimer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this announcement.

Forward Looking Statements

This announcement contains certain statements that are "forward-looking information" within the meaning of Canadian securities legislation and Australian securities legislation (each, a "forward-looking statement"). Forward-looking statements reflect the Company's current expectations, forecasts, and projections with respect to future events, many of which are beyond the Company's control, and are based on certain assumptions. No assurance can be given that these expectations, forecasts, or projections will prove to be correct, and such forward-looking statements included in this announcement should not be unduly relied upon. Forward-looking information is by its nature prospective and requires the Company to make certain assumptions and is subject to inherent risks and uncertainties. All statements other than statements of historical fact are forward-looking statements. The use of any of the words "estimate", "expansion", "expectations", likely", "may", "plan", "potential", "project", "reinforce", "large-scale", "could", "should", "will", "would", variants of these words and similar expressions are intended to identify forward-looking statements.

The forward-looking statements within this announcement are based on information currently available and what management believes are reasonable assumptions. Forward-looking statements speak only as of the date of this announcement.

In this announcement, forward-looking statements relate, among other things, to: the potential of the La Verde discovery; regulatory applications and approvals; the timing and results of future economic studies; and the Company's future exploration and other business plans.

Forward-looking statements involve known and unknown risks, uncertainties, and other factors, which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. A number of factors could cause actual results to differ materially from a conclusion, forecast or projection contained in the forward-looking statements in this announcement, including, but not limited to, the following material factors: the ability of drilling and other exploration activities to accurately predict mineralisation; operational risks; risks related to the cost estimates of exploration; sovereign risks associated with the Company's operations in Chile; changes in estimates of mineral resources or mineral reserves of properties where the Company holds interests; recruiting qualified personnel and retaining key personnel; future financial needs and availability of adequate financing; fluctuations in mineral prices; market volatility; exchange rate fluctuations; ability to exploit successful discoveries; the production at or performance of properties where the Company holds interests; ability to retain title to mining concessions; environmental risks; financial failure or default of joint venture partners, contractors or service providers; competition risks; economic and market conditions; and other risks and uncertainties described elsewhere in this announcement and elsewhere in the Company's public disclosure record.

Although the forward-looking statements contained in this announcement are based upon assumptions which the Company believes to be reasonable, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. With respect to forward-looking statements contained in this announcement, the Company has made assumptions regarding: future commodity prices and demand; availability of skilled labour; timing and amount of capital expenditures; future currency exchange and interest rates; the impact of increasing competition; general conditions in economic and financial markets; availability of drilling and related equipment; effects of regulation by governmental agencies; future tax rates; future operating costs; availability of future sources of funding; ability to obtain financing; and assumptions underlying estimates related to adjusted funds from operations. The Company has included the above summary of assumptions and risks related to forward-looking information provided in this announcement to provide investors with a more complete perspective on the Company's future operations, and such information may not be appropriate for other purposes. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive therefrom.

For additional information with respect to these and other factors and assumptions underlying the forward- looking statements made herein, please refer to the public disclosure record of the Company, including the Company's most recent Annual Report, which is available on SEDAR+ (www.sedarplus.ca) under the Company's issuer profile. New factors emerge from time to time, and it is not possible for management to predict all those factors or to assess in advance the impact of each such factor on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statement.

The forward-looking statements contained in this announcement are expressly qualified by the foregoing cautionary statements and are made as of the date of this announcement. Except as may be required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking statement to reflect events or circumstances after the date of this announcement or to reflect the occurrence of unanticipated events, whether as a result of new information, future events or results, or otherwise. Investors should read this entire announcement and consult their own professional advisors to ascertain and assess the income tax and legal risks and other aspects of an investment in the Company.

SOURCE Hot Chili Limited

, /PRNewswire/ -- GreenPower Motor Company Inc. (Nasdaq: GP) ("GreenPower" and the "Company"), a leading manufacturer and distributor of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, today announced that the Company has received formal notice from The Nasdaq Stock Market LLC ("Nasdaq") confirming that the Company has regained compliance with Nasdaq Listing Rule 5550(b)(1), the "Equity Rule," and otherwise satisfies all applicable criteria for continued listing on The Nasdaq Capital Market.

"Over the past few months GreenPower has completed a series of transactions including raising new capital with an equity offering of Series A Convertible Preferred Shares for up to $18 million,  term loans of $5 million and a new banking relationship with CIBC including a line of credit and term loan. In addition, the Company exchanged $7 million of related party loans for convertible debentures and $3 million of related party loans for Series B Convertible Preferred Shares," said Fraser Atkinson, CEO of GreenPower.  "These transactions have helped the Company regain full compliance with the Nasdaq listing criteria as well as with the execution of our strategic goals."

Notwithstanding the Nasdaq compliance determination, the Company will remain subject to a Panel monitor for one year. If, within that one-year monitoring period, Staff finds the Company again out of compliance with the Equity Rule that was the subject of the hearing, the Company will be subject to a delisting determination and will not have the opportunity to present a compliance plan for the Staff's consideration. However, the Company will be afforded the opportunity to request a hearing before the Hearings Panel, and the hearing request will automatically stay any suspension or delisting action pending the conclusion of the hearings process and the expiration of any additional extension period granted by the Panel following the hearing.

The Company's common stock will continue to trade on Nasdaq under the ticker symbol "GP."

For further information contact

Fraser Atkinson, CEO
(604) 220-8048

Brendan Riley, President
(510) 910-3377

Michael Sieffert, CFO
(604) 563-4144

About GreenPower Motor Company Inc.
GreenPower designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo van and a cab and chassis. GreenPower employs a clean-sheet design to manufacture all-electric vehicles that are purpose built to be battery powered with zero emissions while integrating global suppliers for key components. This OEM platform allows GreenPower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. For further information go to www.greenpowermotor.com 

Forward-Looking Statements
This document contains forward-looking statements relating to, among other things, GreenPower's business and operations and the environment in which it operates, which are based on GreenPower's operations, estimates, forecasts and projections. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. These statements generally can be identified by the use of forward-looking words such as "upon", "may", "should", "will", "could", "intend", "estimate", "plan", "anticipate," "expect,", "believe" or "continue," or the negative thereof or similar variations. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. A number of important factors including those set forth in other public filings (filed under the Company's profile on www.sedarplus.com) could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place any undue reliance on such forward-looking statements. In addition, these forward-looking statements relate to the date on which they are made. GreenPower disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

©2026 GreenPower Motor Company Inc. All rights reserved.

SOURCE GreenPower Motor Company

While the actual fourth-quarter (Q4) 13-f filing is yet to be published, a February 11 Pershing Square (LON: PSH) presentation revealed a massive new technology bet made late last year by the billionaire investor Bill Ackman.

Specifically, in the section covering the equity portfolio update, the company unveiled a massive position in Mark Zuckerberg’s Meta Platforms (NASDAQ: META). While the exact value of the investment was not known at press time on February 16, the document reveals it accounts for about 10% of the portfolio.

Considering the Q3 2025 13-f filing showed the value of Pershing Square’s holdings at about $14 billion, it is possible Bill Ackman invested approximately $1.5 billion in META stock.

The document also revealed that Pershing Square’s reasoning behind investing in Meta shares is mostly straightforward. 

According to the presentation, the blue-chip technology giant has a ‘high-quality advertising business,’ a strong balance sheet, a 22% annual growth rate in 2025, and its business model ‘is one of the clearest beneficiaries of AI integration.’

Indeed, Bill Ackman’s argument for adding Meta stock to the firm’s portfolio is summarized well in the document itself:

“We believe Meta’s current share price underappreciates the company’s long-term upside potential from AI and represents a deeply discounted valuation for one of the world’s greatest businesses.”

Meta’s latest earnings report certainly reinforces Pershing Square’s investment case. The January 28 document revealed the firm beat both the revenue and the earnings per share (EPS) forecasts, recording $59.89 billion and $8.88, respectively.

Additionally, investors were especially impressed with the accompanying revenue forecast late last month. Meta’s estimate that its sales will amount to between $53.5 billion and $56.5 billion in 2026 – at the time, analysts were predicting a whole-year figure of $51.41 billion – helped the stock soar approximately 10% in a day.

Trading since, however, tells a somewhat different story. The earnings report upsurge was swiftly accompanied by a plunge as the wide technology sector exposure to artificial intelligence (AI) began weighing heavily on the market.

In the year-to-date (YTD) chart, Meta stock is 3.08% down, and its press time price of $639.77 is 13.35% below the January 29 high of $738.31.

Meta stock YTD price chart. Source: Finbold Zooming out to the 12-month chart also paints Meta Platforms as a lagging company, considering its equity is down 10.69% within the timeframe. On the flip side, the stock market performance, when juxtaposed with the firm’s strong results, reinforces the argument that META shares are significantly undervalued.

Featured image via Shutterstock

Launched on October 20, 2011, the Schwab U.S. Dividend Equity ETF (SCHD - Free Report) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Value segment of the US equity market.

The fund is sponsored by Charles Schwab. It has amassed assets over $83.99 billion, making it the largest ETF attempting to match the Large Cap Value segment of the US equity market.

Why Large Cap ValueLarge cap companies usually have a market capitalization above $10 billion. Considered a more stable option, large cap companies boast more predictable cash flows and are less volatile than their mid and small cap counterparts.

Value stocks are known for their lower than average price-to-earnings and price-to-book ratios, but investors should also note their lower than average sales and earnings growth rates. Looking at their long-term performance, value stocks have outperformed growth stocks in almost all markets. They are however likely to underperform growth stocks in strong bull markets.

CostsInvestors should also pay attention to an ETF's expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same.

Annual operating expenses for this ETF are 0.06%, making it one of the least expensive products in the space.

It has a 12-month trailing dividend yield of 3.31%.

Sector Exposure and Top HoldingsETFs offer a diversified exposure and thus minimize single stock risk but it is still important to delve into a fund's holdings before investing. Most ETFs are very transparent products and many disclose their holdings on a daily basis.

This ETF has heaviest allocation to the Energy sector -- about 20.3% of the portfolio. Consumer Staples and Healthcare round out the top three.

Looking at individual holdings, Bristol Myers Squibb (BMY) accounts for about 4.25% of total assets, followed by Merck & Co Inc (MRK) and Conocophillips (COP).

The top 10 holdings account for about 40.44% of total assets under management.

Performance and RiskSCHD seeks to match the performance of the Dow Jones U.S. Dividend 100 Index before fees and expenses. The Dow Jones U.S. Dividend 100 Index is designed to measure the performance of high dividend yielding stocks issued by U.S. companies that have a record of consistently paying dividends, selected for fundamental strength relative to their peers, based on financial ratios.

The ETF has added about 15.24% so far this year and was up about 17.26% in the last one year (as of 02/16/2026). In the past 52-week period, it has traded between $24.32 and $31.64.

The ETF has a beta of 0.73 and standard deviation of 13.3% for the trailing three-year period, making it a medium risk choice in the space. With about 102 holdings, it effectively diversifies company-specific risk.

AlternativesSchwab U.S. Dividend Equity ETF holds a Zacks ETF Rank of 2 (Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, SCHD is a great option for investors seeking exposure to the Style Box - Large Cap Value segment of the market. There are other additional ETFs in the space that investors could consider as well.

The Vanguard High Dividend Yield ETF (VYM) and the Vanguard Value ETF (VTV) track a similar index. While Vanguard High Dividend Yield ETF has $74.61 billion in assets, Vanguard Value ETF has $169.89 billion. VYM has an expense ratio of 0.04% and VTV charges 0.03%.

Bottom-LineAn increasingly popular option among retail and institutional investors, passively managed ETFs offer low costs, transparency, flexibility, and tax efficiency; they are also excellent vehicles for long term investors.

To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.

If you're interested in broad exposure to the Large Cap Growth segment of the US equity market, look no further than the Invesco S&P 500 GARP ETF (SPGP - Free Report) , a passively managed exchange traded fund launched on June 17, 2011.

The fund is sponsored by Invesco. It has amassed assets over $2.37 billion, making it one of the larger ETFs attempting to match the Large Cap Growth segment of the US equity market.

Why Large Cap GrowthCompanies that fall in the large cap category tend to have a market capitalization above $10 billion. They tend to be stable companies with predictable cash flows and are usually less volatile than mid and small cap companies.

Qualities of growth stocks include faster growth rates compared to the broader market, as well as higher valuations and higher than average sales and earnings growth rates. Further, growth stocks have a higher level of volatility associated with them. Even though growth stocks are more likely to outperform their value counterparts in strong bull markets, value stocks have a record of delivering better returns in almost all markets than growth stocks.

CostsCost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive counterparts if all other fundamentals are the same.

Annual operating expenses for this ETF are 0.36%, putting it on par with most peer products in the space.

It has a 12-month trailing dividend yield of 1.04%.

Sector Exposure and Top HoldingsIt is important to delve into an ETF's holdings before investing despite the many upsides to these kinds of funds like diversified exposure, which minimizes single stock risk. And, most ETFs are very transparent products that disclose their holdings on a daily basis.

This ETF has heaviest allocation to the Financials sector -- about 25.7% of the portfolio. Consumer Discretionary and Industrials round out the top three.

Looking at individual holdings, Nvidia Corp (NVDA) accounts for about 2.45% of total assets, followed by Uber Technologies Inc (UBER) and Host Hotels & Resorts Inc (HST).

The top 10 holdings account for about 22.26% of total assets under management.

Performance and RiskSPGP seeks to match the performance of the S&P 500 GROWTH AT A REASONABLE PRICE IDX before fees and expenses. The S&P 500 Growth at a Reasonable Price Index is composed of securities with strong growth characteristics selected from the Russell Top 200 Index.

The ETF has added roughly 0.61% so far this year and was up about 7.72% in the last one year (as of 02/16/2026). In the past 52-week period, it has traded between $86.05 and $117.69.

The ETF has a beta of 0.98 and standard deviation of 17.17% for the trailing three-year period. With about 78 holdings, it effectively diversifies company-specific risk.

AlternativesInvesco S&P 500 GARP ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, SPGP is a sufficient option for those seeking exposure to the Style Box - Large Cap Growth area of the market. Investors might also want to consider some other ETF options in the space.

The Vanguard Growth ETF (VUG) and the Invesco QQQ (QQQ) track a similar index. While Vanguard Growth ETF has $193.11 billion in assets, Invesco QQQ has $393.25 billion. VUG has an expense ratio of 0.03% and QQQ charges 0.2%.

Bottom-LineAn increasingly popular option among retail and institutional investors, passively managed ETFs offer low costs, transparency, flexibility, and tax efficiency; they are also excellent vehicles for long term investors.

To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.

Designed to provide broad exposure to the Consumer Discretionary - Retail segment of the equity market, the VanEck Retail ETF (RTH - Free Report) is a passively managed exchange traded fund launched on December 20, 2011.

While an excellent vehicle for long term investors, passively managed ETFs are a popular choice among institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency.

Investor-friendly, sector ETFs provide many options to gain low risk and diversified exposure to a broad group of companies in particular sectors. Consumer Discretionary - Retail is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 9, placing it in bottom 44%.

Index DetailsThe fund is sponsored by Van Eck. It has amassed assets over $265.93 million, making it one of the larger ETFs attempting to match the performance of the Consumer Discretionary - Retail segment of the equity market. RTH seeks to match the performance of the MVIS US Listed Retail 25 Index before fees and expenses.

The MVIS US Listed Retail 25 Index tracks the overall performance of companies involved in retail distribution, wholesalers, on-line, direct mail and TV retailers, multi-line retailers, specialty retailers and food and other staples retailers.

CostsCost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive counterparts if all other fundamentals are the same.

Annual operating expenses for this ETF are 0.35%, making it one of the cheaper products in the space.

Sector Exposure and Top HoldingsIt is important to delve into an ETF's holdings before investing despite the many upsides to these kinds of funds like diversified exposure, which minimizes single stock risk. And, most ETFs are very transparent products that disclose their holdings on a daily basis.

This ETF has heaviest allocation in the Consumer Discretionary sector -- about 50.8% of the portfolio. Consumer Staples and Healthcare round out the top three.

Looking at individual holdings, Amazon.com Inc (AMZN) accounts for about 20.45% of total assets, followed by Walmart Inc (WMT) and Costco Wholesale Corp (COST).

The top 10 holdings account for about 71.05% of total assets under management.

Performance and RiskSo far this year, RTH has gained about 5.76%, and is up about 9.13% in the last one year (as of 02/16/2026). During this past 52-week period, the fund has traded between $208.91 and $266.511.

The ETF has a beta of 0.90 and standard deviation of 13.53% for the trailing three-year period, making it a medium risk choice in the space. With about 27 holdings, it has more concentrated exposure than peers.

AlternativesVanEck Retail ETF holds a Zacks ETF Rank of 2 (Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, RTH is an excellent option for investors seeking exposure to the Consumer Discretionary ETFs segment of the market. There are other additional ETFs in the space that investors could consider as well.

Amplify Online Retail ETF (IBUY) tracks EQM Online Retail Index and the State Street SPDR S&P Retail ETF (XRT) tracks S&P Retail Select Industry Index. Amplify Online Retail ETF has $124.47 million in assets, State Street SPDR S&P Retail ETF has $691.72 million. IBUY has an expense ratio of 0.65%, and XRT charges 0.35%.

Bottom LineTo learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.

Designed to provide broad exposure to the Large Cap Blend segment of the US equity market, the Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC - Free Report) is a passively managed exchange traded fund launched on September 17, 2015.

The fund is sponsored by Goldman Sachs Funds. It has amassed assets over $14.53 billion, making it one of the largest ETFs attempting to match the Large Cap Blend segment of the US equity market.

Why Large Cap BlendLarge cap companies usually have a market capitalization above $10 billion. They tend to be stable companies with predictable cash flows and are usually less volatile than mid and small cap companies.

Blend ETFs are aptly named, since they tend to hold a mix of growth and value stocks, as well as show characteristics of both kinds of equities.

CostsInvestors should also pay attention to an ETF's expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same.

Annual operating expenses for this ETF are 0.09%, making it one of the least expensive products in the space.

It has a 12-month trailing dividend yield of 1.01%.

Sector Exposure and Top HoldingsETFs offer a diversified exposure and thus minimize single stock risk but it is still important to delve into a fund's holdings before investing. Most ETFs are very transparent products and many disclose their holdings on a daily basis.

This ETF has heaviest allocation to the Information Technology sector -- about 33% of the portfolio. Financials and Telecom round out the top three.

Looking at individual holdings, Nvidia Corporation (NVDA) accounts for about 7.48% of total assets, followed by Apple Inc. (AAPL) and Microsoft Corporation (MSFT).

The top 10 holdings account for about 34.68% of total assets under management.

Performance and RiskGSLC seeks to match the performance of the Goldman Sachs ActiveBeta U.S. Large Cap Equity Index before fees and expenses. The Goldman Sachs ActiveBeta U.S. Large Cap Equity Index is designed to deliver exposure to equity securities of large-capitalization U.S. issuers.

The ETF has lost about 0.91% so far this year and is up about 10.4% in the last one year (as of 02/16/2026). In the past 52-week period, it has traded between $97.68 and $134.75.

The ETF has a beta of 0.99 and standard deviation of 14.5% for the trailing three-year period, making it a medium risk choice in the space. With about 434 holdings, it effectively diversifies company-specific risk.

AlternativesGoldman Sachs ActiveBeta U.S. Large Cap Equity ETF holds a Zacks ETF Rank of 2 (Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, GSLC is an excellent option for investors seeking exposure to the Style Box - Large Cap Blend segment of the market. There are other additional ETFs in the space that investors could consider as well.

The iShares Core S&P 500 ETF (IVV) and the Vanguard S&P 500 ETF (VOO) track a similar index. While iShares Core S&P 500 ETF has $749.28 billion in assets, Vanguard S&P 500 ETF has $847.69 billion. IVV has an expense ratio of 0.03% and VOO charges 0.03%.

Bottom-LineAn increasingly popular option among retail and institutional investors, passively managed ETFs offer low costs, transparency, flexibility, and tax efficiency; they are also excellent vehicles for long term investors.

To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.

A smart beta exchange traded fund, the ALPS (OUSA - Free Report) debuted on 07/14/2015, and offers broad exposure to the Style Box - Large Cap Value category of the market.

What Are Smart Beta ETFs?The ETF industry has traditionally been dominated by products based on market capitalization weighted indexes that are designed to represent the market or a particular segment of the market.

A good option for investors who believe in market efficiency, market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns.

On the other hand, some investors who believe that it is possible to beat the market by superior stock selection opt to invest in another class of funds that track non-cap weighted strategies--popularly known as smart beta.

Based on specific fundamental characteristics, or a combination of such, these indexes attempt to pick stocks that have a better chance of risk-return performance.

Methodologies like equal-weighting, one of the simplest options out there, fundamental weighting, and volatility/momentum based weighting are all choices offered to investors in this space, but not all of them can deliver superior returns.

Fund Sponsor & IndexManaged by Alps, OUSA has amassed assets over $787.28 million, making it one of the average sized ETFs in the Style Box - Large Cap Value. Before fees and expenses, this particular fund seeks to match the performance of the FTSE US Qual / Vol / Yield Factor 5% Capped Index.

The OShares U.S. Quality Dividend Index measures the performance of publicly-listed large-capitalization and mid-capitalization dividend-paying issuers in the United States.

Cost & Other ExpensesInvestors should also pay attention to an ETF's expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same.

Annual operating expenses for this ETF are 0.48%, making it on par with most peer products in the space.

It's 12-month trailing dividend yield comes in at 1.38%.

Sector Exposure and Top HoldingsIt is important to delve into an ETF's holdings before investing despite the many upsides to these kinds of funds like diversified exposure, which minimizes single stock risk. And, most ETFs are very transparent products that disclose their holdings on a daily basis.

This ETF has heaviest allocation in the Financials sector - about 29.5% of the portfolio. Information Technology and Healthcare round out the top three.

When you look at individual holdings, Alphabet Inc. (GOOGL) accounts for about 5.06% of the fund's total assets, followed by Visa Inc. (V) and Apple Inc. (AAPL).

The top 10 holdings account for about 44.13% of total assets under management.

Performance and RiskThe ETF has added roughly 2.29% so far this year and is up roughly 8.53% in the last one year (as of 02/16/2026). In the past 52-week period, it has traded between $47.97 and $59.77

OUSA has a beta of 0.80 and standard deviation of 12.74% for the trailing three-year period, which makes the fund a medium risk choice in the space. With about 101 holdings, it effectively diversifies company-specific risk .

AlternativesALPS is a reasonable option for investors seeking to outperform the Style Box - Large Cap Value segment of the market. However, there are other ETFs in the space which investors could consider.

Schwab U.S. Dividend Equity ETF (SCHD) tracks Dow Jones U.S. Dividend 100 Index and the Vanguard Value ETF (VTV) tracks CRSP U.S. Large Cap Value Index. Schwab U.S. Dividend Equity ETF has $83.99 billion in assets, Vanguard Value ETF has $169.89 billion. SCHD has an expense ratio of 0.06% and VTV changes 0.03%.

Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Large Cap Value

Bottom LineTo learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.

The iShares U.S. Industrials ETF (IYJ - Free Report) was launched on June 12, 2000, and is a passively managed exchange traded fund designed to offer broad exposure to the Industrials - Broad segment of the equity market.

Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency. They are excellent vehicles for long term investors.

Sector ETFs are also funds of convenience, offering many ways to gain low risk and diversified exposure to a broad group of companies in particular sectors. Industrials - Broad is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 7, placing it in top 44%.

Index DetailsThe fund is sponsored by Blackrock. It has amassed assets over $2.23 billion, making it one of the larger ETFs attempting to match the performance of the Industrials - Broad segment of the equity market. IYJ seeks to match the performance of the Dow Jones U.S. Industrials Index before fees and expenses.

The Russell 1000 Industrials 40 Act 15/22.5 Daily Capped Index measures the performance of the industrial sector of the U.S. equity market. It includes: construction & materials, aerospace & defense, general industrials, electronic & electrical equipment, industrial engineering, industrial transportation & support services. The Index is capitalization-weighted.

CostsWhen considering an ETF's total return, expense ratios are an important factor, and cheaper funds can significantly outperform their more expensive counterparts in the long term if all other factors remain equal.

Annual operating expenses for this ETF are 0.38%, making it one of the cheaper products in the space.

It has a 12-month trailing dividend yield of 0.77%.

Sector Exposure and Top HoldingsEven though ETFs offer diversified exposure which minimizes single stock risk, it is still important to look into a fund's holdings before investing. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.

This ETF has heaviest allocation in the Industrials sector -- about 69% of the portfolio. Financials and Materials round out the top three.

Looking at individual holdings, Visa Inc Class A (V) accounts for about 7.8% of total assets, followed by Mastercard Inc Class A (MA) and Ge Aerospace (GE).

The top 10 holdings account for about 36.83% of total assets under management.

Performance and RiskThe ETF has added roughly 7.68% so far this year and it's up approximately 15.34% in the last one year (as of 02/16/2026). In that past 52-week period, it has traded between $115.07 and $161.15.

The ETF has a beta of 1.07 and standard deviation of 15.83% for the trailing three-year period, making it a medium risk choice in the space. With about 201 holdings, it effectively diversifies company-specific risk.

AlternativesiShares U.S. Industrials ETF holds a Zacks ETF Rank of 2 (Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, IYJ is a great option for investors seeking exposure to the Industrials ETFs segment of the market. There are other additional ETFs in the space that investors could consider as well.

First Trust RBA American Industrial Renaissance ETF (AIRR) tracks Richard Bernstein Advisors American Industrial Renaissance Index and the State Street Industrial Select Sector SPDR ETF (XLI) tracks Industrial Select Sector Index. First Trust RBA American Industrial Renaissance ETF has $8.48 billion in assets, State Street Industrial Select Sector SPDR ETF has $30.27 billion. AIRR has an expense ratio of 0.7%, and XLI charges 0.08%.

Bottom LineTo learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.

Designed to provide broad exposure to the Small Cap Growth segment of the US equity market, the iShares Morningstar Small-Cap Growth ETF (ISCG - Free Report) is a passively managed exchange traded fund launched on June 28, 2004.

The fund is sponsored by Blackrock. It has amassed assets over $901.20 million, making it one of the average sized ETFs attempting to match the Small Cap Growth segment of the US equity market.

Why Small Cap GrowthSmall cap companies have market capitalization below $2 billion. They usually have higher potential than large and mid cap companies with stocks but higher risk.

While growth stocks do boast higher than average sales and earnings growth rates, and they are expected to grow faster than the wider market, investors should note these kinds of stocks have higher valuations. Additionally, growth stocks have a greater level of risk associated with them. They are likely to outperform value stocks in strong bull markets but over the longer-term, value stocks have delivered better returns than growth stocks in almost all markets.

CostsWhen considering an ETF's total return, expense ratios are an important factor, and cheaper funds can significantly outperform their more expensive counterparts in the long term if all other factors remain equal.

Annual operating expenses for this ETF are 0.06%, making it one of the least expensive products in the space.

It has a 12-month trailing dividend yield of 0.58%.

Sector Exposure and Top HoldingsETFs offer a diversified exposure and thus minimize single stock risk but it is still important to delve into a fund's holdings before investing. Most ETFs are very transparent products and many disclose their holdings on a daily basis.

This ETF has heaviest allocation to the Industrials sector -- about 26.8% of the portfolio. Information Technology and Healthcare round out the top three.

Looking at individual holdings, Lumentum Holdings Inc (LITE) accounts for about 0.86% of total assets, followed by Ati Inc (ATI) and Itt Inc (ITT).

The top 10 holdings account for about 5.41% of total assets under management.

Performance and RiskISCG seeks to match the performance of the MORNINGSTAR US SML CP BRD GRWTH EXTD ID before fees and expenses. The Morningstar US Small Cap Broad Growth Extended Index comprises of small-capitalization U.S. equities that exhibit growth characteristics.

The ETF has gained about 5.32% so far this year and was up about 14.81% in the last one year (as of 02/16/2026). In the past 52-week period, it has traded between $39.44 and $59.90.

The ETF has a beta of 1.11 and standard deviation of 20.14% for the trailing three-year period. With about 976 holdings, it effectively diversifies company-specific risk.

AlternativesiShares Morningstar Small-Cap Growth ETF holds a Zacks ETF Rank of 2 (Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, ISCG is an outstanding option for investors seeking exposure to the Style Box - Small Cap Growth segment of the market. There are other additional ETFs in the space that investors could consider as well.

The iShares Russell 2000 Growth ETF (IWO) and the Vanguard Small-Cap Growth ETF (VBK) track a similar index. While iShares Russell 2000 Growth ETF has $13.17 billion in assets, Vanguard Small-Cap Growth ETF has $20.88 billion. IWO has an expense ratio of 0.24% and VBK charges 0.05%.

Bottom-LineRetail and institutional investors increasingly turn to passively managed ETFs because they offer low costs, transparency, flexibility, and tax efficiency; these kind of funds are also excellent vehicles for long term investors.

To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.

The Fidelity High Dividend ETF (FDVV - Free Report) was launched on 09/12/2016, and is a smart beta exchange traded fund designed to offer broad exposure to the Style Box - All Cap Value category of the market.

What Are Smart Beta ETFs?Market cap weighted indexes were created to reflect the market, or a specific segment of the market, and the ETF industry has traditionally been dominated by products based on this strategy.

A good option for investors who believe in market efficiency, market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns.

However, some investors believe in the possibility of beating the market through exceptional stock selection, and choose a different type of fund that tracks non-cap weighted strategies: smart beta.

Based on specific fundamental characteristics, or a combination of such, these indexes attempt to pick stocks that have a better chance of risk-return performance.

Even though this space provides many choices to investors--think one of the simplest methodologies like equal-weighting and more complicated ones like fundamental and volatility/momentum based weighting--not all have been able to deliver first-rate results.

Fund Sponsor & IndexManaged by Fidelity, FDVV has amassed assets over $8.65 billion, making it one of the largest ETFs in the Style Box - All Cap Value. FDVV seeks to match the performance of the Fidelity Core Dividend Index before fees and expenses.

The Fidelity High Dividend Index reflects the performance of stocks of large and mid-capitalization high-dividend-paying companies that are expected to continue to pay and grow their dividends.

Cost & Other ExpensesWhen considering an ETF's total return, expense ratios are an important factor. And, cheaper funds can significantly outperform their more expensive cousins in the long term if all other factors remain equal.

Operating expenses on an annual basis are 0.15% for this ETF, which makes it one of the least expensive products in the space.

It's 12-month trailing dividend yield comes in at 2.77%.

Sector Exposure and Top HoldingsEven though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.

For FDVV, it has heaviest allocation in the Information Technology sector --about 25.1% of the portfolio --while Financials and Consumer Staples round out the top three.

When you look at individual holdings, Nvidia Corp (NVDA) accounts for about 6.54% of the fund's total assets, followed by Apple Inc (AAPL) and Microsoft Corp (MSFT).

FDVV's top 10 holdings account for about 33.89% of its total assets under management.

Performance and RiskSo far this year, FDVV has gained about 4.27%, and is up roughly 17.41% in the last one year (as of 02/16/2026). During this past 52-week period, the fund has traded between $43.60 and $59.90.

FDVV has a beta of 0.88 and standard deviation of 12.61% for the trailing three-year period. With about 122 holdings, it effectively diversifies company-specific risk .

AlternativesFidelity High Dividend ETF is a reasonable option for investors seeking to outperform the Style Box - All Cap Value segment of the market. However, there are other ETFs in the space which investors could consider.

iShares U.S. Equity Factor ETF (LRGF) tracks MSCI USA Diversified Multiple-Factor Index and the iShares Core S&P U.S. Value ETF (IUSV) tracks S&P 900 Value Index. iShares U.S. Equity Factor ETF has $3.12 billion in assets, iShares Core S&P U.S. Value ETF has $24.65 billion. LRGF has an expense ratio of 0.08% and IUSV changes 0.04%.

Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - All Cap Value

Bottom LineTo learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.

Visteon (VC) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

February 16, 2026 07:30 ET  | Source: nCino, Inc.

WILMINGTON, N.C., Feb. 16, 2026 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), the leading provider of intelligent, best-in-class banking solutions, will report financial results for its fourth quarter ended January 31, 2026, after the market close on Tuesday, March 31, 2026. nCino will host a conference call and webcast that day at 4:30 p.m. ET to discuss its financial results.

Event: nCino’s Fourth Quarter Fiscal Year 2026 Financial Results Conference Call
Date and Time: Tuesday, March 31, 2026 at 4:30 p.m. ET
Webcast Link: https://investor.ncino.com/
Replay: A webcast replay will be available on the Investor Relations section of nCino’s website following the call.

About nCino  
nCino (NASDAQ: NCNO) is powering a new era in financial services. The Company was founded to help financial institutions digitize and reengineer business processes to boost efficiencies and create better banking experiences. With over 2,700 customers worldwide - including community banks, credit unions, independent mortgage banks, and the largest financial entities globally - nCino offers a trusted platform of best-in-class, intelligent solutions. By integrating artificial intelligence and actionable insights into its platform, nCino is helping financial institutions consolidate legacy systems to enhance strategic decision-making, improve risk management, and elevate customer satisfaction by cohesively bringing together people, AI and data. For more information, visit www.ncino.com.  

Headline CPI may have you believe things are steady, but inflation across essential categories remains hot. Tobacco products and utilities are examples of sectors where YoY rise in prices is 2.5 times higher than CPI. We discuss our top picks from these essential sectors, with yields of up to 6.3%.

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Willy Woo says quantum computing fears broke Bitcoin’s 12-year gold outperformance trend.Markets may be pricing risk from reactivated “lost” BTC amid future quantum threats.Charles Edwards says quantum fears may have contributed to recent Bitcoin price weakness.Quantum computing risks are weighing on Bitcoin’s (BTC) relative valuation against gold, according to analyst Willy Woo.

The development of quantum computing has spread concerns across the tech and financial sectors, as future breakthroughs could potentially undermine current encryption standards. Although such capabilities are not considered imminent, the long-term threat has raised questions about Bitcoin’s security model and how markets price that uncertainty.

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Has Quantum Computing Entered the Bitcoin Valuation Equation? Woo argued that Bitcoin’s 12-year outperformance relative to gold has broken, marking a significant structural shift. He pointed to the rising market awareness of quantum computing risks as a reason behind this shift.

“12 YR TREND BROKEN. BTC should be a valued a LOT HIGHER relative to gold. Should be. IT’S NOT. The valuation trend broke down once QUANTUM came into awareness,” Woo said.

Bitcoin’s Valuation Against Gold Breaks 12-Year Trend as Quantum Computing Awareness Rises. Source: X/Willy WooBitcoin’s security relies on elliptic curve cryptography (ECDSA over secp256k1). A sufficiently advanced, fault-tolerant quantum computer running Shor’s algorithm could theoretically derive private keys from exposed public keys and compromise funds associated with those on-chain addresses.

Such technology is not yet capable of breaking Bitcoin’s encryption. Nonetheless, a key concern, Woo argues, is the potential reactivation of an estimated 4 million “lost” BTC. If quantum breakthroughs made those coins accessible, they could re-enter circulation, effectively increasing supply.

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To illustrate the scale, Woo explained that corporations following MicroStrategy’s 2020 playbook and spot Bitcoin ETFs have accumulated approximately 2.8 million BTC. The possible return of 4 million lost coins would exceed that total, equivalent to roughly eight years of enterprise-level accumulation at recent rates.

“The market has started pricing in the return of these lost coins ahead of time. This process completes once the Q-Day risk is off the table. Until then, BTCUSD will price in this risk. Q-Day is 5 to 15 years away… that’s a long time trading with a cloud over its head,” he emphasized. 

He acknowledged that Bitcoin would likely adopt quantum-resistant signatures before any credible attack becomes feasible. However, upgrading cryptography would not automatically resolve the status of these coins. 

“I’d say it’s 75% chance that lost coins will not be frozen by a protocol hard fork,”  the analyst remarked. “Unfortunately the next 10 years is when BTC is most needed. It’s the end of the long term debt cycle, it’s where macro investors and sovereigns run to hard assets like gold to shelter from global debt deleveraging. Hence gold moons without BTC.”

Woo’s analysis does not suggest that quantum attacks are imminent. Instead, it positions quantum computing as a long-term variable factored into Bitcoin’s relative valuation, particularly in comparison to gold.

Meanwhile, Charles Edwards, founder of Capriole Investments, offered a complementary perspective on how quantum risk may be influencing market behavior. According to Edwards, concerns surrounding the quantum threat were likely a key factor that drove Bitcoin’s price lower.

Google interest in "Quantum Computing Bitcoin" peaked when Bitcoin peaked. Evaluation of the risk was at a maxima when price was, resulting in derisking, a leading indicator to price falling. The Quantum threat drove Bitcoin down. The floor interest in quantum risk to Bitcoin is… pic.twitter.com/a7m3Ucq7wr

— Charles Edwards (@caprioleio) February 15, 2026 The quantum threat is also shaping real portfolio moves. Jefferies strategist Christopher Wood reduced a 10% Bitcoin allocation in favor of gold and mining stocks, citing quantum concerns. This highlights that institutional investors see quantum computing as a significant risk, not a remote one.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

3 mins mins

Schwab hires stablecoin product manager to accelerate digital assets roadmapcharles schwab is hiring a product manager for stablecoin-related businesses, signaling an acceleration of its digital assets roadmap. As reported by Ledger Insights, the role shifts stablecoins from concept to concrete product development under a large, regulated brokerage.

The move indicates product-cycle rigor and integration with advisor workflows rather than isolated pilots. It positions stablecoins as infrastructure for payments, settlement, and cash-like functionality inside established investment platforms.

Why it matters: client consolidation, RIA workflows, and regulatory clarityAccording to Cointelegraph, large financial institutions are staffing digital-asset roles to meet client demand for asset consolidation under trusted brands and to embed crypto access within Registered Investment Advisor workflows. That context frames Schwab’s hiring as retention- and experience-driven, not speculative.

Leadership has separately outlined a measured product path that prioritizes client utility and compliance over hype. In that vein, said Rick Wurster, CEO of Charles Schwab: “We plan to offer spot trading for Bitcoin and Ethereum and intend to issue a stablecoin; we will explore building in-house or partnering.” He has also been skeptical about tokenizing public equities absent clear client benefit and regulatory clarity.

BingX: a trusted exchange delivering real advantages for traders at every level.

In the near term, the effect is primarily planning and design. The hiring signals resourcing for requirements gathering, risk controls, reserve frameworks, and brokerage/RIA integration rather than immediate product launch.

Existing access to spot bitcoin and ether funds, alongside other crypto-linked products, offers adjacent infrastructure that a Charles schwab stablecoin or direct spot trading could complement. Any rollout would be gated by compliance, custody, and supervisory expectations.

At the time of this writing, SCHW closed at 93.72, down 1.10%, based on data from Yahoo.

Stablecoin structure, reserves, and regulatory treatment signalsCovered stablecoins: 1:1 backing, liquidity, and redeemability expectations (SEC staff)According to staff of the U.S. Securities and Exchange Commission, certain “covered stablecoins” structured with 1:1 backing, ready liquidity, and reliable redeemability are not being treated as securities. That staff posture may reduce registration friction while leaving prudential, disclosure, and operational risk obligations intact.

GENIUS Act: reserve and oversight signals for institutions like Charles SchwabAccording to PwC, the GENIUS Act delineates payment stablecoin parameters, including reserve composition and supervisory touchpoints across the Federal Reserve, OCC, and FDIC. This framework signals how large institutions can structure reserves, controls, and program oversight.

For firms integrating stablecoins into brokerage and advisor channels, the Act’s definitions and oversight map help align treasury operations, redemption mechanics, and disclosures with regulator expectations.

FAQ about Charles Schwab stablecoinHow does the GENIUS Act and recent SEC staff guidance affect Schwab’s ability to issue or support a stablecoin?They clarify payment stablecoin definitions and reserves, while SEC staff signaled some 1:1 coins aren’t securities. That narrows registration hurdles but preserves bank-style oversight and controls.

When will Schwab offer spot Bitcoin and Ethereum trading, and how will it work within existing brokerage and RIA platforms?Leadership placed spot Bitcoin and Ethereum trading on the roadmap, with timing still in planning. Integration would leverage existing brokerage and RIA channels, subject to compliance gating.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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An advanced artificial intelligence (AI) model estimates that Bitcoin (BTC) will remain relatively stable in the near-term, but also that late February will bring a modest upside following the latest developments. 

Specifically, after several weeks of exceptionally high volatility and downward pressure that wiped some $450 billion from the cryptocurrency’s market capitalization, Bitcoin has stabilized roughly in the $64,000 to $71,000 range and is, at press time, changing hands at about $68,900.

Bitcoin price one-week chart. Source: Finbold The movements led many traders and analysts to conclude that BTC is headed toward the cycle bottom. The prevailing bearish sentiment became starkly apparent earlier in February when the digital assets ‘Fear & Greed Index’ hit record lows.

Elsewhere, however, some institutional experts believe the bear case is very weak and that a rebound towards new highs is the more likely option. 

Between the relative stabilization and clashing views of the future, Finbold decided to consult advanced AI about what Bitcoin’s short-term trajectory might be and where BTC might trade by March 1, 2026.

AI sets Bitcoin price target for March 1, 2026 After tallying the latest moves, ChatGPT was quick to recognize that BTC is in a sideways consolidation phase near a major correction and that, at press time on February 16, there are no evident imminent catalysts for the cryptocurrency’s price.

Thus, OpenAI’s flagship platform concluded that Bitcoin is likely to remain relatively range-bound in the coming weeks, albeit with an upward tint due to the deep correction that affected the market in late January and early February.

Indeed, ChatGPT explained that the overall fearful sentiment, paired with continued institutional adoption and a mixed macroeconomic situation, is most likely to leave Bitcoin exhibiting ‘typical’ two-week behavior.

Therefore, the AI sets its March 1, 2026 BTC price target at $72,300, 4.93% above the press time price of $68,900.

ChatGPT Bitcoin price prediction for March 1, 2026. Source: Finbold & ChatGPT ChatGPT also emphasized that its Bitcoin March price forecast exists within a ‘plausible’ support and resistance range, is not dependent on major news to lead to it, and is, as the model put it, ‘just the most probable outcome given current structure.’

Featured image via Shutterstock

Yesterday's gains were quickly erased in the cryptocurrency markets, with some alts, such as PI, DOGE, and XRP, marking big losses.

Bitcoin’s weekend price rally came to an end at just over $70,000, and the asset was pushed south to $68,000, where it found some support.

Most altcoins have turned red as well, with ETH going below $2,000 and XRP plummeting beneath $1.50. Dogecoin is among the worst performers in the past 24 hours.

BTC Rally Stopped Above $70K The primary cryptocurrency went through some enhanced volatility at the start of the current month, mostly downward. The culmination took place on February 6, when it plunged to a 15-month low at $60,000 after losing $30,000 in just under two weeks.

Then came the bounce-off as BTC rocketed by $12,000 to $72,000. It was stopped there and spent the following few days trading sideways between $72,000 that $68,000. The lower boundary gave in mid-week, and bitcoin slipped to under $66,000.

The bulls finally stepped up after this point and helped prevent another leg down. Just the opposite, BTC started to gain traction at the end of the business week and jumped to over $69,000. It continued to climb above $70,000 on Saturday and Sunday before it was stopped there and driven to $68,000 on Sunday evening.

It has recovered some ground since then, but still trades below $69,000 as of press time. Its market cap is down to $1.375 trillion on CG, while its dominance over the alts stands still at 56.6%.

BTCUSD Feb 16. Source: TradingView Alts Heading South Ethereum was quickly rejected at $2,100 over the weekend and now struggles below the psychological $2,000 level. Ripple’s XRP skyrocketed yesterday to over $1.65 but was stopped and pushed south to under $1.50 as of press time. DOGE was the top gainer yesterday from the larger-caps, but it’s now down to $0.10 after a 9% daily drop.

Other big losers over the past day include XMR, ZEC, WLFI, and MNT. Pi Network’s native token has also faced a violent rejection. It was stopped at over $0.20 yesterday and is now down to just over $0.17 on CoinGecko.

The total crypto market cap has lost $70 billion in a day and is down to $2.425 trillion on CG.

Cryptocurrency Market Overview Feb 16. Source: QuantifyCrypto

The Bitcoin price took a dip below the major $69,000 on Sunday. That said, the price is keeping very close to this level. In addition, a breakout pattern is emerging. If the $BTC price can break up and out of this pattern, $82,000 could be the target.

Triangle pattern emerges

Source: TradingView

The short-term time frame for $BTC shows that the price has dipped back below the major $69,000 level. We are calling it resistance in this time frame because a few candles have closed below, but in the higher time frames this level is still very much support.

The light green candle in the centre of the chart has at least three touches to the top and to the bottom, confirming it as a pattern. At first glance it looks like a very bullish ascending triangle, but it can be noticed that the top of the triangle is tilted, and so it may be a wedge pattern.

The main thing is that it is a bullish pattern and therefore the price is more likely to break out of the top than the bottom. The target for the measured move out of the top of the triangle is $82,000, while if it breaks down, $57,000 is a possible downside target.

It might also be taken into consideration that a CME gap still needs to be filled at a level of around $84,600.

A break up or down out of triangle pattern?

Source: TradingView

The daily chart shows how the bottom trendline of the large falling wedge pattern has become resistance for the $BTC price over the last several days. This is in fact the top trendline of the green triangle. There is only another couple of days left in this triangle before a breakout has to take place in one direction or the other. 

If the major support level holds, the breakout is going to be to the upside. This is probably the more likely option, although a bearish scenario is still very much in the running. 

The first of the indicators below tends to go along with the bearish case. The Stochastic RSI indicators have reached the top and are at the point of rolling over. If they do, the triangle pattern could break down.

In contrast, the MACD at the bottom of the chart illustrates a cross up of the indicator lines, while the first couple of small green bars emerge in the histogram. This supports the bullish case.

Major support is holding … just

Source: TradingView

Zooming out into the weekly time frame, and keeping the same indicators, it can be seen that the $BTC price is managing to hold the major support. The two previous weekly candles both shot wicks down below, but the candle bodies closed above (the last candle close was thereabouts). 

It’s a possibility that the price does break down further, and we can see there are good support levels at $65,000 and $60,000. The $53,000 support is drawn in because it is also the measured move out of the bear flag (in purple). 

While the Stochastic RSI indicators are bottoming nicely again ready for a potential cross back up, the MACD indicators in this time frame are still heading down. In fact, they are at their lowest levels ever - could this be a sound reason for a turnaround from here? The latest histogram bar has turned pink, so perhaps this indicator is on its way back to a bullish green colour?

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Harvard Management Company (HMC), the investment arm of Harvard University’s endowment, reduced its stake in a major Bitcoin exchange-traded fund (ETF) by roughly 21 %.

Summary

Harvard Management Company cut its Bitcoin ETF holdings by approximately 21%, trimming around 1.5 million shares of the iShares Bitcoin Trust (IBIT), according to its latest SEC 13F filing. Despite the reduction, Bitcoin remains one of the endowment’s largest publicly disclosed positions, valued at roughly $265 million at the end of Q4 2025. The filing also shows a new $86.8 million position in the iShares Ethereum Trust (ETHA), marking Harvard’s first disclosed allocation to an Ether-linked ETF. Harvard rotates into ETH as Bitcoin ETF holdings shrink 21% Simultaneously, HMC established a new multimillion-dollar position in an Ethereum (ETH) ETF, according to a quarterly 13F filing with the U.S. Securities and Exchange Commission.

The filing, which discloses Harvard’s U.S.-listed equity holdings as of December 31, 2025, shows that the endowment cut close to 1.5 million shares of the iShares Bitcoin Trust (IBIT) compared with the previous quarter.

Despite this reduction, Bitcoin (BTC) remains HMC’s largest publicly disclosed holding with a reported market value of approximately $265.8 million at year-end.

In a notable strategic move, Harvard initiated a new position in the iShares Ethereum Trust (ETHA) acquiring about 3.87 million shares valued at an estimated $86.8 million during the same period. This represents the university’s first publicly disclosed allocation into an Ether-linked ETF.

While the filing primarily highlights the adjustment in digital-asset ETFs, it also shows broader shifts in HMC’s publicly reported equity holdings, including both increases and reductions across major tech and industrial names. However, the crypto positions, even after trimming, remain among the most significant individual line items disclosed.

While Aave is the largest DeFi lending protocol with roughly $27 billion in total value locked, its native token is down about 15% in 2026 and more than 80% below its 2021 peak. Despite the price slump, institutional interest appears to be growing, as Grayscale filed with the SEC to convert its Aave trust into a spot ETF.

Aave Predicts $50T Future for Onchain AssetsStani Kulechov, founder of the decentralized lending protocol Aave, believes decentralized finance could unlock as much as $50 trillion in so-called “abundance assets” through tokenization by 2050, which could create an entirely new category of on-chain collateral. 

According to data from RWA.xyz, almost $25 billion worth of real-world assets have already been tokenized on-chain. However, most of that value is tied to familiar asset classes like US Treasury bonds, stocks, commodities, private credit and real estate. Kulechov argues that while these scarce assets will continue to grow on-chain, the greatest long-term impact will come from tokenizing assets that generate increasing supply and productive capacity, particularly in renewable energy and advanced technologies.

X post from Stani Kulechov

In a recent post on X, Kulechov said capital markets are “hungry for new collateral” and that on-chain lending infrastructure could accelerate a broader transformation in how infrastructure and productive assets are financed. He estimates that solar energy alone could account for between $15 trillion and $30 trillion of the projected $50 trillion abundance asset market by mid-century.

As an example, he described how a $100 million solar project could be partially financed through tokenization, allowing developers to borrow $70 million against it and redeploy that capital into additional projects. In such a model, on-chain depositors would gain exposure to scalable, diversified yield streams backed by real-world infrastructure.

Kulechov also talked about the potential capital efficiency gains from tokenized infrastructure. Unlike traditional infrastructure investments, which often lock up capital for decades, tokenized assets could be traded continuously. This would allow investors to exit positions and redeploy funds into new developments more quickly. This could allow the same capital to finance multiple projects over time. He extended this vision beyond solar to include energy storage batteries, robotics, vertical farming, lab-grown food, semiconductors and 3D printing.

Additionally, he argued that abundance-backed products may ultimately offer stronger returns and better risk characteristics than scarce assets, which he suggested are facing compressing margins and reduced profitability. In his view, tokenized productive infrastructure could outperform because it aligns capital with scalable growth sectors.

Aave is currently still the largest DeFi lending protocol by total value locked, with around $27 billion deposited for borrowing and lending, according to DeFiLlama. Despite its leading position in decentralized lending, Aave’s native token struggled in the market downturn. The AAVE token dropped by about 15% so far in 2026 and is trading more than 80% below its May 2021 all-time high.

AAVE’s YTD price action (Source: CoinCodex)

Grayscale Files for Aave ETF ApprovalDespite AAVE’s price performance over the past few months, crypto asset manager Grayscale Investments filed for regulatory approval to convert its existing Aave trust into a spot exchange-traded fund (ETF). The company submitted a Form S-1 registration statement to the US Securities and Exchange Commission (SEC) outlining plans to transform the trust into the Grayscale Aave Trust ETF.

If approved, the fund will list on NYSE Arca under the ticker GAVE. Grayscale said it plans to charge a 2.5% management fee, with Coinbase serving as both custodian and prime broker for the proposed ETF. The structure will hold AAVE tokens directly, offering investors straightforward exposure to the decentralized finance protocol’s native asset.

The filing places Grayscale among a growing group of asset managers looking to launch altcoin-focused ETFs in the United States. This could mean that institutional interest in diversified crypto exposure is still intact, even as digital asset prices cooled from previous highs. 

Grayscale’s application follows a similar move by Bitwise Asset Management, which filed in December to launch the Bitwise AAVE Strategy ETF. Bitwise’s proposal differs in structure, as it plans to allocate up to 60% of its assets directly into AAVE tokens, with the remaining portion invested in securities like other ETFs providing AAVE exposure. By contrast, Grayscale’s proposed fund would hold the token outright.

If approved, the two products will become the first US-based ETFs to provide direct exposure to Aave, joining a limited number of similar offerings overseas. In Europe, 21Shares previously launched an Aave exchange-traded product on the Nasdaq Stockholm, while Global X introduced a comparable product in Germany.

For Grayscale, the Aave filing is another step forward in broadening its lineup beyond flagship Bitcoin and Ethereum vehicles. For now, only time will tell if regulators will extend approval to DeFi-focused tokens.

Journalist

Posted: February 16, 2026

Bitcoin [BTC] traded near $68,700 at press time after a 30% retracement, reflecting controlled deleveraging rather than structural breakdown.

Profit-taking and ETF outflows triggered the decline, while macro risk aversion extended it.

Yet the spot remains well above the $54,900 aggregate realized price, preserving a profitability buffer.

Meanwhile, long-term holders anchor the cost basis near $40,600, steadily absorbing sell pressure. Their inactivity tightens liquid supply, thereby muting full capitulation dynamics.

Source: Glassnode

In contrast, the sub-seven-year supply cohort holds a higher realized cost, leaving recent entrants underwater and sustaining distribution. Thereafter, the MVRV Z-Score compresses toward 0.5, revisiting prior value zones.

Unlike in 2018 and 2022, prices remain structurally elevated as the realized cap expands. Altogether, this divergence signals mid-bear accumulation forming atop a higher cyclical base.

Whale re-accumulation reinforces mid-cycle compression Large-holder activity intensifies as market correction extends and sentiment fatigue deepens. Transaction data shows whales adjusting exposure through Binance’s deep liquidity.

Notably, the 1,000–10,000 BTC cohort now commands 74% of total inflows. This dominance reflects strategic repositioning rather than passive custody transfers.

Source: CryptoQuant

Just days earlier, the 100–1,000 BTC group surged to 43% of inflows, signaling layered distribution. Together, these spikes point to escalating sell-side pressure from heavyweight actors.

Yet Bitcoin has held relatively stable, as residual demand absorbs portions of supply. This absorption slows downside momentum while revealing underlying fragility.

If large-flow pressure persists without stronger bids, structural strain may expand. Thereafter, downside probes could test the $60,000–$72,000 support band, reinforcing a cautious mid-cycle redistribution phase.

Shorts drive orderly redistribution Bitcoin’s correction has matured into a fatigue phase, with price consolidating near $68,000–$69,000 after a 45–50% retracement from $126,000.

The drawdown began through leveraged unwinds and macro risk aversion, which first destabilized short-term holders.

As positions sank underwater, they realized the losses due to exit risk. On February 5, this capitulation peaked at $5.4 billion when the price dropped to $62,000.

Thereafter, seven-day realized losses averaged $2.3 billion, sustaining mechanical sell pressure.

This distribution flowed through spot markets and derivatives deleveraging, where funding briefly flipped negative as the longs closed. Meanwhile, long-term holders withheld supply, absorbing part of the shock.

The realized price held near $55,000, maintaining an 18–25% premium buffer. Altogether, forced selling met passive absorption, driving orderly redistribution and base-building within $55,000–$72,000.

Final Summary Capitulation remains localized to short-term holders, with price still holding above the $55,000 realized structural floor. Absent cost-basis breakdown and LTH distress, conditions reflect mid-cycle compression—not full bear capitulation.

XRP reserves on Binance have dropped to their lowest point since early 2024 as the token’s price remains stuck below the $1.50 mark.

The crypto exchange now holds roughly 2.5 billion XRP, down sharply from around 3.2 billion XRP in November 2024 and back to levels last seen in January 2024, based on new on-chain data accessible on CryptoQuant on February 16. 

Binance XRP reserves. Source: CryptoQuant Historically, declining exchange reserves have signalled reduced immediate selling pressure, particularly when XRP moves into self-custody. Accordingly, such setups tend to be interpreted as a longer-term accumulation strategy on the part of institutions and large holders.

Something similar happened with Ethereum (ETH) earlier this month, when the second-largest crypto saw its on-exchange reserves sink to a ten-year low. The drawdown had unfolded gradually as ETH prices pulled back, not driven by price swings but long-term holding behavior. 

XRP’s current reserve decline accelerated after Binance introduced support for the RLUSD stablecoin on the XRP Ledger (XRPL) late last week. While many expected increased on-chain activity, the more immediate effect appears to be XRP flowing off the exchange instead.

XRP prices down  On the price front, XRP is down nearly 6% over the past 24 hours, trading at $1.47 at the time of writing and underperforming the broader cryptocurrency market.

The decline follows a rejection of the $1.53 mark, marking a decisive momentum shift below $1.50. Now, momentum indicators suggest there may still be room for further downside. 

For example, the 14-day Relative Strength Index (RSI) stands at 41.82, above oversold territory, indicating bearish momentum is not to be underestimated. The rejection has likely prompted technical traders to reduce exposure, reinforcing the downside move.

Also noteworthy is XRP’s loss of more than $11 billion in market value over the past 24 hours, which fell from $101 billion to $89.31 billion at press time. While the broader market was nothing to write home about either, XRP’s sharp decline appears to have been amplified by heavy selling activity on Upbit, where roughly $50 million worth of the cryptocurrency was reportedly offloaded.

With XRP now trading at $1.47, the $1.50 region may act as near-term resistance. On the other hand, $1.40 stands out as immediate support. In other words, a sustained break below that level could open the door to deeper losses. 

Featured image via Shutterstock

Ripple news: SBI Holdings CEO Yoshitaka Kitao has stepped in to correct misleading claims that the company holds $10 billion worth of XRP, clarifying that its real exposure comes from a significant equity stake in Ripple Labs.

His response comes as Ripple’s native token XRP price is trading around$1.46, and seeing a 4% weekly gain.

Ripple News: SBI CEO Rejects $10B XRP Holdings RumorThe confusion started after an X user named Ledger Man praised Ripple-backed SBI Holdings for expanding its crypto presence in Singapore through the acquisition of Coinhako.

However, what truly grabbed attention was the claim that SBI Holdings owns $10 billion worth of XRP.

Yoshitaka Kitao responded directly to the post and corrected the numbers. He made it clear that SBI does not hold $10 billion in XRP tokens. Instead, the company owns about a 9% equity stake in Ripple Labs.

Not 💲10 bil. in XRP.but around 9% of
Ripple Lab. So our hidden asset could be
much bigger,

— 北尾吉孝 (@yoshitaka_kitao) February 15, 2026 This is an important difference. SBI’s exposure is not through direct XRP holdings, but through its ownership in Ripple itself. The clarification shifts the focus away from token holdings and toward the long-term SBI-Ripple partnership.

SBI’s Current Ripple HoldingRipple has an important role in cross-border payments and decentralized finance (DeFi). As of now, the company’s valuation is close to $50 billion. This follows a $500 million funding round and its expansion into stablecoins and digital asset custody services.

As per this valuation, SBI’s 9% equity stake in Ripple gives it an estimated exposure of around $4.5 billion.

SBI Ripple Partnership Strengthens Institutional Confidence in XRPThe SBI Ripple partnership has been one of the strongest collaborations driving XRP adoption globally. SBI Holdings has actively supported Ripple’s expansion, especially across Asian markets where demand for faster cross-border payments continues to grow.

Kitao also suggested that SBI’s Ripple stake could be more valuable in the future. 

As of now, XRP price is trading around $1.49, reflecting a drop of 6% today, while showing a 4% rise in a week.

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