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.

Get up to speed on Section 351 conversion here.

Page through my Renaissance meme book on Section 351 conversion here.

I updated my tracker to capture some recent ETFs seeded in-kind and to note ETF sponsors who have previously offered Section 351 conversion… in case they come to market again.

Did I miss any? Send me a message.