ETF closures rise in 2023 with NFT, Gen-Z and SPAC funds liquidated

seekingalpha2023-03-28

Closures of exchange traded funds have reached a pace in early 2023 that the industry hasn't seen since 2020. As market uncertainty grows, it seems that investors have become more selective in how ...

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As market uncertainty grows, it seems that investors have become more selective in how ...</p>\n\n<a href=\"https://seekingalpha.com/news/3951526-etf-closures-rise-in-2023-with-nft-gen-z-and-spac-funds-liquidated\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ETF closures rise in 2023 with NFT, Gen-Z and SPAC funds liquidated</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nETF closures rise in 2023 with NFT, Gen-Z and SPAC funds liquidated\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-28 00:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3951526-etf-closures-rise-in-2023-with-nft-gen-z-and-spac-funds-liquidated><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Closures of exchange traded funds have reached a pace in early 2023 that the industry hasn't seen since 2020. As market uncertainty grows, it seems that investors have become more selective in how ...</p>\n\n<a href=\"https://seekingalpha.com/news/3951526-etf-closures-rise-in-2023-with-nft-gen-z-and-spac-funds-liquidated\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NFTZ","symbol_name":"Defiance Digital Revolution ETF","start_time":0,"source_url":"https://seekingalpha.com/news/3951526-etf-closures-rise-in-2023-with-nft-gen-z-and-spac-funds-liquidated","article_id":"2322816476","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1097696894/image_1097696894.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2322816476","pubTimestamp":1679933282,"columns":[],"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Closures of exchange traded funds have reached a pace in early 2023 that the industry hasn't seen si","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"NFTZ":"Defiance Digital Revolution ETF","DSPC":"The De-Spac ETF","FOMO":"FOMO ETF","ZGEN":"The Generation Z ETF"},"translate_title":"随着NFT、Gen-Z和特殊目的收购公司基金清算，2023年ETF关闭增加","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DSPC":1,"FOMO":1,"NFTZ":1,"ZGEN":1},"content_text":"Closures of exchange traded funds have reached a pace in early 2023 that the industry hasn't seen since 2020. As market uncertainty grows, it seems that investors have become more selective in how they deploy capital, which has had an impact on certain thematic ETFs. So far in 2023, ETF issuers have closed 58 different exchange traded funds. This is already a significantly larger number of shutdowns than were seen 2022 and 2021, when the same issuers liquidated 18 and 19 ETFs, respectively. The list of funds getting culled includes NFT-focused Defiance Digital Revolution ETF (NFTZ). At the same time, the Generation Z ETF (ZGEN) was canceled along with the AXS De-SPAC ETF (DSPC), and thematic fear of missing out fund AXS FOMO ETF (FOMO). While ETF money has shunned many names in 2023, an area that has received plenty of attraction has been towards U.S. Treasury funds. Among the top 10 2023 ETF inflow leaders, three are focused on Treasuries. Those names include the following:  iShares 0-3 Month Treasury Bond ETF (NYSEARCA:SGOV) +$3.76B. iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) +4.37B. iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) +4.88B.  Outside of U.S. Treasury focused funds the Vanguard S&P 500 ETF (NYSEARCA:VOO) which is one of the world’s largest ETFs which tracks the benchmark S&P 500 has also taken in a large swarth of cash. In 2023 VOO has pulled in $4.05B. ETF fund flow data is per ETF.com. In other ETF news, for the fourth consecutive trading week financial participants injected net positive capital into the fund market.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2322816476"}