I think they're shutting the ETF. Somebody mentioned an email from SWF about it.
Effect -
- losing the potential of it becoming successful in future bull markets (if it can outperform instead of underperform, as the strategy may be better suited to bull markets than bear).
- Cutting $300k expenses.
- Losing $20-50k revenue.
Overall a positive. But fairly small relative to the millions of new expenses for staff/advertising.
Still could be +$250k to the annual cashflow statement.
ETF Closure
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