Evaluating the Performance of Single-Stock ETFs: One Year Later
Single-stock exchange-traded funds (ETFs) have gained popularity in correlation with the popularity of their underlying stocks, such as Tesla and Nvidia. GraniteShares, which launched its single-stock ETFs in August 2022, has seen considerable gains in its Tesla, Apple, and Coinbase ETFs. However, CEO Will Rhind notes that the rally in these products is more suited for short-term activity and exposures. Dave Nadig, a financial futurist, highlights the advantages of single-stock ETFs for investors with discount brokerage accounts. While more single-stock ETFs are expected to enter the market, their success will depend on investor interest and market trends.