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Investing in UFOs and bitcoin at night: the most unusual ETFs

La estrategia permite disparar las comisiones de gestión. De los 466 fondos cotizados lanzados este año en Wall Street, solo el 16% replica algún índice bursátil. Leer

Translated from Spanish Read in Spanish

Wall Street has seen a surge in exchange-traded funds (ETFs), with 466 new funds launched in the first half of the year, a 16% increase from the same period last year, according to Morningstar. These new ETFs have attracted over $62,000 million in investments, but what stands out is that their management fees have multiplied by 20, with an average annual commission of 0.69%.

Many of these funds are highly specialized and speculative, with some investing in unusual assets such as UFO-related companies, bitcoin, or palladium. Examples include the Tuttle Capital Management UFO Disclosure ETF and the Nicholas Bitcoin and Treasuries AfterDark ETF, which invests in bitcoin only when the US stock market is closed.

Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.

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