FYI: Nineteen hundred exchange-traded funds vie for attention on Wall Street. Is there room for yet more? Sure there is, says William Rhind, daredevil founder of the ETF vendor GraniteShares.
Rhind's operation, squeezed into a scrawny WeWork room in lower Manhattan, has a lineup that includes a cut-rate gold fund, two commodity funds and an unusual blend of high-payout securities aimed at dividend-hungry investors. If the Securities & Exchange Commission approves a pending application, GraniteShares will be one of the first in the controversial business of bitcoin funds.
Regards,
Ted
https://www.forbes.com/sites/baldwin/2018/08/30/this-guy-is-taking-on-blackrock-and-state-street-with-cut-rate-gold-and-commodity-etfs/
