ETF’s and Dynamic Asset Allocation

Today, ETFs dominate conversations between financial advisors and their clients to a much greater extent than traditional mutual funds or individual stocks and bonds. That certainly was not true at the end of the 20th century. At its core an ETF (exchange-traded fund) is merely a mutual fund or trust that issues shares that trade … Read more

A Much-Needed Educational Piece about So-Called “Spot Bitcoin ETFs”

Eight years after the first application for a “Spot Bitcoin ETF” was filed with the US Securities and Exchange Commission (SEC), ten of them started trading on January 11, 2024.  The landmark decision was precipitated by Grayscale’s legal victory against the SEC in 2023. Sponsors of the nine so-called “ETFs” include well-known firms like Ark … Read more