Your weekly update on top ETF trends
 | FRI, AUG 12, 2022 | | | |
| | | YOUR WEEKLY UPDATE ON TOP ETF TRENDS | | | | |
There is a wave of single stock ETFs descending on the marketplace. These are not your grandmothers ETFs that just invest in passive indexes like the S&P 500. These single stock ETFs allow investors to go both leveraged long and to bet short against individual stocks. There are currently single stock ETFs for Tesla, Apple, Nike, Pfizer, Paypal, NVIDIA. Tesla in particular has attracted interest: there are now five single stock Tesla ETFs. Several have launched this week. Many, including SEC Chair Gary Gensler, are not happy about this development because they believe these ETFs pose far more risk than just owning an index. Want to learn more about single stock ETFs? Will Rhind, CEO of GraniteShares, Dave Mazza, Managing Director and Head of Product at Direxion, and Reggie Brown, Principal at GTS, will be my guests on ETF Edge Monday at 1 PM ET. ETFedge.cnbc.com. In the wake of the Inflation Reduction Act, which is a boon to electric vehicles, Direxion has also introduced the Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV), another leveraged fund that seeks to achieve 200% of the daily performance of 25 companies in the electric vehicle space (including Tesla of course). You knew this was going to happen: an "anti-woke" ETF. Strive Asset Management has launched the Strive U.S. Energy ETF (DRLL) to push back against those seeking to influence energy companies over climate change and other social issues. Strive looks "to unlock value in the U.S. energy sector by mandating companies to focus on profits over politics." You wouldn't know there was a crypto winter by the number of crypto announcements in the last two weeks. First Blackrock announced a partnership with Coinbase. Then last week Horizon Kinetics launched the Blockchain Development ETF (BCDF), an actively managed fund that invests in companies that benefit from digital assets, along with Charles Schwab, which launched the Schwab Crypto Thematic ETF (STCE), which tracks an index of global exposure to companies that may benefit from the development or utilization of cryptocurrencies and other digital assets. Now Blackrock announced it was launching a spot bitcoin private trust to compete with the Grayscale Bitcoin Trust (GBTC). |
For more analysis and actionable insights, catch me live this Monday at 1 PM ET on ETF Edge. |
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