ETF Industry Trends and the Post-Election Outlook
From Nasdaq: 2024-11-18 16:36:00
In this episode of ETF Spotlight, Mike Venuto from Tidal Financial Group discusses ETF industry trends and the post-election outlook. U.S.-listed ETF assets surpassed $10 trillion, with flows on track to exceed $1 trillion by year-end. The iShares Bitcoin Trust has over $42 billion in assets, leading the successful ETF launch.
Trump’s victory sparked rallies in U.S. stocks and ETF inflows surged. Active ETFs have seen a rise, with products like the Defiance Daily Target 2x Long MSTR ETF and the YieldMax TSLA Option Income Strategy ETF gaining investor interest. Tidal recently filed for eight two-stock ETFs and many providers are converting mutual funds into ETFs.
With a Trump presidency, investors are hopeful for lower taxes and reduced regulations. Vanguard’s unique patent allowing ETFs as a share class of mutual funds expired, leading to more asset managers offering ETF share classes. Stay tuned for the next ETF Spotlight episode for more insights and subscribe to the newsletter for key ETF info.
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