Jun. 16, 2021
At this point not having an ETF is doing more harm than good to the very people you are trying to protect. My brother for instance, because he is so busy running his business and employing people, does not have the time not inclination to learn how to self custody. Because of this his access is limited to inferior instruments to an ETF. He has to pay higher fees and part of the value that should accrue to him is being captured by others that are able to take advantage of the arbitrage on those inferior instruments. If he was wealthy, he could pay someone to do this or be able to have access to one of the better instruments that banks are putting together for example Morgan Stanley. But since he is not accredited, and not a professional investor who can spend all of his time learning about ways to invest, he is getting screwed. Shortened, your lack of approval of an ETF is only hurting the very people you are trying to help. And has been for years. Sincerely, anonymous.