A market maker leaked a list of 44 ETFs that were seeded in-kind
Uses include entire mutual funds and hedge funds, and separate accounts
Seeding ETFs in-kind via Section 351 conversion is more common than I thought
A market maker shared a list of ETFs seeded in-kind with me last week. It included 44 ETFs, including 3 seeded by entire hedge funds, 23 seeded by entire mutual funds, and 1 closed-end fund, and 17 by separate accounts.
