My favorite ETF reads over the past week, along with my ETF tweet and chart of the week!
“If President Biden and the Democrats successfully raise the capital gains tax rate in 2021, to pay for pending fiscal spending, even more investors may prefer to control their tax-paying destiny and sell some existing mutual fund positions in exchange for ETFs.”
“In less than four months, investors have already poured more cash into ETFs tracking U.S. stocks than they did in all of 2020.”
“The ETF Ticker can become synonymous with the name, and imply the promise of growth or exposure. Ironically, the ticker is subject to far less regulatory scrutiny then the ETF name, which explains why looking under the hood is even more important with catchy, intelligently chosen tickers.”
“It’s been eight years since Cameron and Tyler Winklevoss submitted the first filing for a bitcoin ETF.”
ETF Tweet of the Week: The SEC unsurprisingly delayed their decision on whether to approve or disapprove VanEck’s proposed bitcoin ETF. Gabor Gurbacs, Digital Assets Director at VanEck, weighed-in…
“We hope that the commission approves #Bitcoin #ETFs and recognizes that VanEck submitted the earliest active 19b-4 among all issuers,” said Gabor Gurbacs, director of digital asset strategy at VanEck. “A Bitcoin ETF isn’t controversial anymore.” https://t.co/Gg3BendK4d
— Gabor Gurbacs (@gaborgurbacs) April 28, 2021
ETF Chart of the Week: President Biden’s proposed capital gains tax rate increase has placed the tax efficiency of various investment vehicles front and center. Over the past three years, only 7% of ETFs, on average, have paid capital gain distributions. That compares to over 50% of mutual funds during the same time period.
Source: SSGA’s Matt Bartolini