Will seeding ETFs in-kind go mainstream? "I doubt it"

The largest ETF sponsors need to drive costs lower, but they have little incentive to help.

Seeding an ETF in-kind using Section 351 conversion is not new.

But Meb Faber’s new ETF, with the cheeky ticker TAX, is getting some attention because he’s invited the general public to seed it in-kind.

“If you truly understand the implications, this should be a tectonic shift for the asset management industry,” Meb said in a LinkedIn post a month ago.