that means only 4 (count em, 4!) creation units have been sold. that's based on the sec docs which stated the creation units would each contain about 25k shares and sell for $1 million each.
breaking a creation unit is what has created the individual stocks which are now selling under the ticker "lgbt".
we are some months into the etf launch, $40 million in aum is the breakeven point, and it is only 10% of the way to breakeven.
the "community" may have a collective $8 billion, but the community hasn't yet demonstrated any support for either the etf (lgbt) or lfap.
based on a creation unit price of $1 million for 25k shares, each share should be worth $40. lgbt has not come close to trading at that level.
WHY?
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