Four Tidal trusts supplied 95 of 243 ETF launches in eight weeks

Four Tidal trusts supplied 95 of the 243 ETFs launched in the eight weeks to Nov. 10, SEC filings and issuer data show.

The latest week produced four ETFs, down from 12 the prior week, leaving the six earlier weeks near 38 launches a week against an eight-week average of 30.

For an advisor building a product shelf, the 95 launches through four trusts mean the registrant's name says little about who runs the money. Due diligence shifts to the manager's record, the fund's initial capital and its early trading volume.

The four trusts accounted for 39% of the 243 launches, and the remaining 148 averaged about 18.5 a week.

Annual launches from those rates range from a little over 200 to roughly 2,000: 38 launches a week implies about 2,000 funds a year, four a week implies a little over 200, and the eight-week average of 30 implies near 1,560. These are extrapolations from short windows, not forecasts.

In the table, launch counts come from SEC filings and issuer data, and flow figures cover six issuers in the week to Nov. 11.

Active ETFs at six issuers took in $1.02 billion in the week to Nov. 11, or 5.9% of gross ETF inflows at those issuers. That was below the 7.1% share of assets the active funds held, a 1.2-point gap.

The figures describe those six firms, not active ETFs as a category. For a selector building models, 5.9% can be set against the 7.1% of assets the active funds already run. The $1.02 billion depends on gross flows at those six firms.

Any fund from the eight-week run has at most eight weeks of trading history, leaving the manager's prior record as the only long-run evidence a buyer can weigh.

The next launch count will show whether the last two weeks were a pause in filings or a lower pipeline.