Can I seed an ETF in-kind using mutual fund shares?

Technically, yes, but no ETF will take it.

I’ve written a lot about the Section 351 transfer to an ETF.

Here is my explainer. And here is a live webinar I hosted with Meb Faber, whose Cambria Tax Aware ETF (TAX), seeded in-kind, goes live next week.

Section 351 allows investors to transfer diversified assets (this is not a single stock de-risking solution) into the ETF wrapper without immediate t…