In this week’s fund news, how Dave Portnoy used the indexer loophole to promote BUZZ, Driehaus loses its founder, and Morningstar doubles analyst coverage for model portfolios.
It’s not possible to make meaningful progress on “E” and “S” if “G” isn’t solidly in place.
The Simplify U.S. Equity PLUS Bitcoin ETF (SPBC) will invest up to 15% of its assets in cryptocurrencies, either “indirectly and solely” through the $34 billion Grayscale Bitcoin Trust (GBTC).
The ETF from the Collaborative Investment Series Trust intends to invest in “securities that reflect current or emerging trends.”