Latest news with #GavinFilmore
Yahoo
6 days ago
- Business
- Yahoo
Unity Wealth Partners and Tidal Financial Group Announce the Closure of the Unity Wealth Partners Dynamic Capital Appreciation & Options ETF (Nasdaq: DCAP)
MILWAUKEE, May 30, 2025 (GLOBE NEWSWIRE) -- Tidal Financial Group and Unity Wealth Partners today announced the upcoming closure and liquidation of the Unity Wealth Partners Dynamic Capital Appreciation & Options ETF (Nasdaq: DCAP). The Board of Trustees of Tidal Trust III has determined that closing and liquidating the fund is in the best interest of the fund and its shareholders. The Unity Wealth Partners Dynamic Capital Appreciation & Options ETF (the fund) will cease trading on the Nasdaq at the close of regular trading on June 13, 2025 (the 'Closing Date'), and will no longer accept creation orders as of that date. Shareholders may sell their holdings in the fund prior to the Closing Date through standard brokerage transactions, which may be subject to customary brokerage fees. After June 13, 2025, shareholders will be unable to buy or sell shares on an exchange and may only redeem shares through select broker-dealers. There is no assurance that there will be an active market for the fund during the period between the Closing Date and Liquidation. Between June 13, 2025 and June 20, 2025 (the 'Liquidation Date'), DCAP will begin liquidating its holdings and increasing its cash position in preparation for final distribution. During this period, the fund's portfolio will depart from its stated investment strategy and objective. On or around June 20, 2025, DCAP will distribute its remaining net assets to shareholders of record who have not sold their shares prior to liquidation. This final distribution will be made in cash on a pro rata basis and will generally be treated as a taxable event. Shareholders should consult their tax advisers to understand the potential implications related to capital gains, losses, or dividends arising from the liquidation. After the distribution of net assets is complete, the fund will be officially terminated. About Tidal Financial Group Formed by ETF industry pioneers and thought leaders, Tidal Investments LLC sets out to revolutionize the way ETFs have historically been developed, launched, marketed, and sold. With a focus on growing AUM, Tidal offers a comprehensive suite of services, proprietary tools, and methodologies designed to bring lasting ideas to market. Tidal is an advocate for ETF innovation. The firm is on a mission to provide issuers with the intelligence and tools needed to efficiently and to effectively launch ETFs and to optimize growth potential in a highly competitive space. For more information, visit CONTACT: Contact Gavin Filmore at gfilmore@ for more information.
Yahoo
21-03-2025
- Business
- Yahoo
Robinson Alternative Yield Pre-Merger SPAC ETF (SPAX) to Close
NEW YORK, March 21, 2025 (GLOBE NEWSWIRE) -- Tidal Financial Group and Robinson Capital Management, LLC announce the closure and liquidation of the Robinson Alternative Yield Pre-Merger SPAC ETF (NYSE Arca: SPAX). This decision follows a thorough evaluation and was determined to be in the best interests of the fund and its shareholders. The ETF will cease trading on NYSE Arca at the close of regular trading on April 7, 2025 (the 'Closing Date'). It will no longer accept purchase orders as of that date. Shareholders may sell their holdings in the fund prior to the Closing Date through standard brokerage transactions, which may incur customary brokerage charges. After April 7, 2025, shareholders may only sell shares to select broker-dealers, with no assurance of an active market during this period. Between April 7, 2025 and April 11, 2025 (the 'Liquidation Date'), SPAX will liquidate its portfolio, increasing its cash holdings, which will result in portfolio holdings deviating from the fund's stated investment objectives. On or around the Liquidation Date, SPAX will distribute its remaining assets as cash pro rata to shareholders of record who have not sold or redeemed their shares. This distribution will generally be treated as a taxable event, and shareholders should consult their tax advisers to understand the implications of capital gains or losses. Additionally, the liquidation may include accrued capital gains and dividends. After these distributions, the fund will officially terminate. About Tidal Financial Group Formed by ETF industry pioneers and thought leaders, Tidal Investments LLC is dedicated to revolutionizing ETF development, launch, marketing, and sales. With a focus on growing AUM, Tidal provides a comprehensive suite of services, proprietary tools, and methodologies designed to bring lasting investment ideas to market. Tidal is committed to ETF innovation, equipping issuers with the intelligence and tools needed to efficiently launch ETFs and optimize growth potential in a highly competitive space. For more information, visit CONTACT: For further inquiries, please contact Gavin Filmore at gfilmore@
Yahoo
21-03-2025
- Business
- Yahoo
Tidal Trust Files With SEC for 2 New ‘Animal Spirits' ETFs
In a Tuesday filing to the Securities and Exchange Commission, Tidal Trust requested to list the VistaShares Animal Spirits Strategy ETF (ANIM), an actively managed ETF seeking capital appreciation by investing in companies that are the primary focus of the largest and fastest-growing single-stock leveraged ETFs. The firm also requested to list the VistaShares Animal Spirits Daily 2X Strategy ETF (WILD), which seeks daily investment results that correspond to two times the daily performance of an actively managed group of 'animal spirits' securities. The securities in both funds will be selected by sub-adviser VistaShares Advisors and based on the BITA VistaShares Animal Spirits Index. Tidal and VistaShares were not able to comment directly on the filing due to regulatory restrictions. But Gavin Filmore, chief revenue officer at Tidal Financial Group, told that there is massive opportunity in and around the leveraged ETF space right now and that the firm is seeing a rapid rate of innovation from its partners and the broader market. The more than 280 leveraged ETFs in the U.S. market have garnered $105.5 billion total assets under management. 'Managing these products is complex,' Filmore said. 'Issuers need to ensure they have the right specialized and experienced partners in place.' Leveraged synthetic exchange-traded funds can amplify returns, but not without risk. Investors should not treat leveraged synthetic ETFs as passive long-term holdings, as they might with traditional ETFs, Rob Kane, director of alternative investments on the Investment Management and Research team at Commonwealth Financial Network, told 'A common misconception is that these ETFs simply double or triple the performance over an investor's holding period,' Kane said, speaking of these types of ETFs in general and not a specific fund. In reality, he added, they are designed to replicate a leveraged daily return before fees and expenses of a specified security or index. 'Since performance is only guaranteed on a daily basis, the effect of compounding can introduce significant performance dispersion relative to the underlying reference asset over time,' Kane added. 'Such dispersion and potential performance decay can be exacerbated in volatile markets with frequent price fluctuations.'Permalink | © Copyright 2025 All rights reserved
Yahoo
19-02-2025
- Business
- Yahoo
Vanguard's VOO overtakes SPY as largest ETF in the world
Vanguard's S&P 500 ETF (VOO) has overtaken the SPDR S&P 500 ETF Trust (SPY) as the largest ETF in the world. Tidal Financial Group Chief Revenue Officer Gavin Filmore joins Catalysts to discuss this development and its implications for the broader ETF landscape. Filmore describes it as "a milestone to see these two products at such large AUM [assets under management] levels," emphasizing that SPY "arguably has the best liquidity in the market" and is more suitable for active traders. He points out that VOO's lower fees make it potentially more attractive for long-term investors: "So if you're a buy-and-hold investor, VOO might be more favorable." However, Filmore maintains that both products are "very healthy." Addressing YouTuber Kevin Paffrath's recent closure of his ETF (PP), which held approximately $32 million in assets, Filmore acknowledges that "it was a good example of innovation in the market," though he emphasizes that "it comes down to education" for investors considering these types of investment vehicles. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Angel Smith
Yahoo
10-02-2025
- Business
- Yahoo
UPDATE – Tidal Financial Group and CNIC Funds Announces the Closure of the CNIC ICE U.S. Carbon Neutral Power Futures Index ETF (NYSE: AMPD)
MILWAUKEE, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Tidal Financial Group and CNIC Funds today announced the planned closure and liquidation of the CNIC ICE U.S. Carbon Neutral Power Futures Index ETF (NYSE: AMPD). The Board of Trustees of Tidal Trust II concluded that liquidating and closing the Fund would be in the best interest of the Fund and its shareholders. The ETF will cease trading on the New York Stock Exchange (NYSE) at the close of regular trading on February 21, 2025 [Closing Date], and it will no longer accept purchase orders as of that date. Shareholders may sell their holdings in the fund prior to the Closing Date through standard brokerage transactions, which may be subject to customary brokerage fees. After the Closing Date, shareholders will be unable to buy or sell shares on an exchange and may only redeem shares through select broker-dealers, with no assurance of an active market during this period. Between February 21, 2025 and February 25, 2025 [Liquidation Date], AMPD will begin liquidating its holdings, increasing its cash position in preparation for final distribution. As a result, the fund's investment holdings will deviate from its stated investment objectives. On or around the Liquidation Date, AMPD will distribute its remaining net assets to shareholders of record who have not otherwise sold their shares prior to liquidation. This distribution will be made in cash on a pro rata basis and will generally be treated as a taxable event. Shareholders are encouraged to consult their tax advisers regarding potential implications related to capital gains, losses, or dividends associated with the liquidation. Following these distributions, the fund will officially terminate. About Tidal Financial Group Formed by ETF industry pioneers and thought leaders, Tidal Investments LLC sets out to revolutionize the way ETFs have historically been developed, launched, marketed, and sold. With a focus on growing AUM, Tidal offers a comprehensive suite of services, proprietary tools, and methodologies designed to bring lasting ideas to market. Tidal is an advocate for ETF innovation. The firm is on a mission to provide issuers with the intelligence and tools needed to efficiently and to effectively launch ETFs and to optimize growth potential in a highly competitive space. For more information, visit Contact Gavin Filmore at gfilmore@ for more in to access your portfolio
