Head of ETFs & MFs @ NTAM. Leading advisor in the ETF and Crypto spaces. Financial Ind. Disciple. Author of The ETF Handbook and The Visual Guide to ETFs.
New York, USA
Joined July 2008
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Question: if you were Grayscale, would you play the same playbook with $ETHE as $GBTC or would you assume that ETH will eventually be bigger and try and just own the market outright at 25bps? @NateGeraci @DaveNadig @JSeyff
ETH ETF approved and ETH barely up 1%. In a way, I feel bad for cryptoheads, since crypto now really only trades during tradfi hours!!! Back to the 9-5 grind for you folks! I’m expecting up 5% between 10a-12p tomorrow!
So, it seems like the big trade should be short the ETH ETF and long Staked ETH - effectively a perfectly hedged yield trade. Should drive creations of ETH ETF to supply short demand, which could lead to a better AuM than people expect over time. Flippening is coming.
Dave Abner retweeted
I'm shocked that there hasn't been major media coverage of this yet.
Last month, I posted a report on a suspicious trade I noticed from a U.S. Senator.
Senator Tommy Tuberville bought stock in a company called Humacyte.
It has now risen 154% since then.
Humacyte is a small biotech company that makes implantable human tissue.
They have been testing their technology in Ukraine, treating combat injuries.
Tuberville sits on the Senate Armed Services Committee.
Tuberville has claimed that his portfolio is managed by advisors.
However, we see active trading of millions of dollars in stocks that he directly oversees.
He's traded millions of dollars in commodities futures, while sitting on the Senate Subcommittee on Commodities.
Tuberville has been one of the most outspoken opponents to legislation banning congressional stock trading.
With trades like this it's easy to see a possible reason why.
Dave Abner retweeted
On the heyblackrock.com webinar yesterday, I asked @BlackRock to answer some tough questions on governance. Their silence is deafening.
In a historic event, Saba Capital @boazweinstein hosted a open webinar outlining their activist campaign against 10 Blackrock Closed End funds which can be found @ heyblackrock.com. Preceding the event, @BlackRock announced dividend increases across 7 funds, two muni funds raised their dividends between 15-40%, and the other 5 (equity & balanced funds) by 95-125%, primarily through increased Return of Capital. Saba has filed 13Ds for all 10 today
Increased Positions
ECAT BIGZ BSTZ BMEZ BNY MPA MHN BFZ
Trimmed Positions MYN
No change in BCAT
Nate Most, in 1990, said “if they approve $SPY that is approval for the whole ETF industry and the death of Mutual Funds.” (quote approximation) 30 years later crypto-heads declaring every little stage revolutionary. @NateGeraci
I fondly remember our breakfasts at the Ned. Good luck to both of you! You guys have impacted generations of investors. @Sonnenshein @CraigSalm
Just resurfacing this one, to clarify that not “everyone” was thinking they would be delayed. Nice to see the odds moving in my favor.
Dave Abner retweeted
Eaton Vance Municipal Bond Fund $EIM authorized a cash tender for 20% of shares outstanding @ 98% of NAV; 6/7/24 - 7/9/24. Board authorized two conditional cash tenders to follow provided conditions are met.
Karpus Management filed a 13D/A in EIM
Dave Abner retweeted
Saba's accumulation of Blackrock CEFs over time; % of shares outstanding vs premium/discount by category. Transparency at it's finest @boazweinstein @quantifyfunds @DavidDziekanski @SpecialSitsNews
Dave Abner retweeted
Often times the best way to get perspective is to put yourself in someone else’s shoes.
I just watched Screams Before Silence, a doc with before untold rape victim, witness, and investigator testimony from October 7th.
The @Columbia, @Harvard, @MIT and other student protestors should be able to relate to the victims as the women interviewed are the same age and probably have shared similar life experiences, like the Nova music festival, up until October 7th.
If you are going to call for a global intifada and/or describe the events of Oct. 7th as ‘resistance,’ you owe it to yourself (and to the victims) to understand what you are talking about.
To the protestors:
While you a camping out, take 54 minutes to listen to the victims and then pretend it happened to you, your sister or your closest friend.
Now consider that 130 or more hostages are still being held, are suffering untold horrors, and among them remain 14 or so women.
What if happened to you?
Screams Before Silence:
youtu.be/zAr9oGSXgak?si=KFqV…
This is the best!! Congratulations @JanvanEck3 so well deserved!
Dave Abner retweeted
A huge round of applause goes to @JanvanEck3 for winning the 2024 @etfcom Lifetime Achievement Award. The man is non-stop! #etfcomAwards2024