My favorite ETF reads over the past week, along with my ETF tweet and chart of the week!
(Note: With a bitcoin ETF finally set to debut next Tuesday, this week’s ETF Buzz goes heavy on related articles. Unfortunately, the SEC is allowing futures-based bitcoin products to come to market prior to spot-based ETFs. The first four articles outline some of the potential issues with these futures-based offerings. Also included this week are two excellent reads on ETF growth and ESG. Enjoy!)
Bitcoin ETFs may finally make their debut to the trading public next week by Bob Pisani
“It’s a disappointment to many in the bitcoin community, who would prefer a pure-play ETF backed by physical bitcoin.”
Bitcoin ETFs May Come Next Week by Dan Mika
“The ETF world’s favorite parlor game may soon come to a close.”
Dying for a Bitcoin Futures ETF? Watch Out for ‘Contango Bleed’ by Omkar Godbole
“The futures-based ETF, if approved, will be an inefficient product.”
The Problem With a Bitcoin Futures ETF by Dave Nadig
“The biggest issue with any Bitcoin futures ETF — indeed, with any futures-based ETF at all — is that buying the ETF does not mean that you’re buying the actual headline asset.”
The Era of Mutual Funds Is Dying. Long Live ETFs. by Nir Kaissar
“The battle between mutual funds and exchange-traded funds is over. ETFs won.”
How do I tell if this ESG fund is legit or is just greenwashing? by Debbie Carlson
“The wonderful thing about ETFs is that you can look inside the portfolio before buying it.”
ETF Tweet of the Week: Sticking with this week’s theme, Bitwise’s Matt Hougan expertly explains why the SEC should approve a spot-based bitcoin ETF (click tweet to read entire thread)…
1/ Today @NYSE filed for a Bitwise Bitcoin ETF!
It would hold actual BTC, *not* futures.
There’s already a separate BTC futures-based Bitwise ETF filing. But actual BTC is better.
And we believe it’s finally possible.
We’re sharing 100+ pages of analysis on why.
Thread— pic.twitter.com/uw6tcDKZgv
— Matt Hougan (@Matt_Hougan) October 14, 2021
ETF Chart of the Week: While bitcoin ETFs are stealing the headlines, thematic ETFs (including blockchain ETFs) continue raking-in assets. ETF Trends’ Dave Nadig offers this eye-catching visual, noting that thematic ETF assets have grown from $50 billion at the end of 2019 to $160 billion today!
