My favorite ETF reads over the past week, along with my ETF tweet and chart of the week!
Expiry of Vanguard ETF patent could spark run of copycats by Steve Johnson
“If this request is granted I would expect that a number of applicants would apply for similar relief.”
Vanguard Passes $2 Trillion in U.S. ETF Assets by Todd Rosenbluth
“In the last three years, the issuer has pulled in approximately $690 billion of new money.”
Harbor Capital completes industry’s first merger of mutual fund into ETF by Kathie O’Donnell
“It’s a natural evolution of the flows that are happening, mutual funds vs. ETFs.”
Regulators struggling to set precedent on ‘shadow trading’, ETF veterans warn by Jamie Gordon
“Companies need to do more to prevent insider trades using ETFs while regulators work to outlaw ‘shadow trading’ altogether.”
How ETFs are expediting bond market modernization by Kevin Schmidt
“The ability to trade in a more structured way offers investors assurance they can source liquidity when they need it.”
Setting Odds on the GBTC Lawsuit by Dave Nadig
“The firm has tried to convert GBTC directly into an ETF in the last few years.”
River of Assets Flowing to Active ETFs by Dinah Wisenberg Brin
“Over 500 of the 1,000 active ETFs had seen cash come in so far.”
ETF Tweet of the Week: Grayscale’s lawsuit against the SEC over converting their Bitcoin Trust (GBTC) into an ETF took another turn this past week. A panel of three judges heard oral arguments from both sides. My quick take? It was a very good day for Grayscale. Bloomberg’s James Seyffart offered a nice summary of the hearings (click tweet to read entire thread).
ETF Chart of the Week: Bloomberg’s Eric Balchunas notes that assets in “cash-like” ETFs are approaching $100 billion, nearly doubling their total from a year ago. As VettaFi’s Todd Rosenbluth points out, ETFs such as the SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) and the iShares Short Treasury Bond ETF (SHV) offer minimal risk and are currently yielding 4.3% and 4.5%, respectively. That’s an attractive proposition for investors worried about everything from rising interest rates to further market volatility.
