The Meb Faber Show - Better Investing Michael Venuto on ETFs in 2024: FIRE, Crypto, Nancy Pelosi & More | #560
9 snips
Dec 6, 2024 Michael Venuto, CIO and co-founder of Tidal Financial Group, discusses the booming ETF industry and what lies ahead. He highlights the surge in record inflows and fund launches while addressing innovative strategies for ETFs tied to the FIRE movement and crypto investments. Venuto also dives into ethical investment practices, including how to invest alongside figures like Nancy Pelosi. The conversation explores unique ETF strategies and the shift from mutual funds to ETFs, emphasizing the evolving financial landscape.
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IBIT's Explosive Growth
- The IBIT ETF's rapid growth to $40 billion in assets is astonishing, surpassing all other ETFs launched in the past decade.
- This highlights the increasing institutional adoption of crypto and Bitcoin ETFs.
Tidal's Pivot
- Michael Venuto's firm, Tidal Financial Group, pivoted from managing ETFs to creating a white-label platform.
- This shift was inspired by the challenges they faced with marketing and sales of their own ETF, TETF.
ETF Launch Advice
- Consider seed money and a differentiated product idea before launching an ETF.
- A good idea with seed money increases the likelihood of success, even in unfavorable market conditions.
