ETF Launches Jump & Closures Fall In February

After a slow start in 2023, ETFs launching are finally seeing a boost in February, up 17% with closures dropping by 46%. Of the closures, niche and crypto-related ETFs took the crown with dividend-focused funds following, though it should be a good time for them with stock prices falling. February saw the launch of 35 new funds and 8 closures. A few notable funds that closed in February are, the Amberwave Invest USA JSG Fund (ISUA), the Volt Crypto Industry and Equity ETF (BTCR), and the APEX HealthCare ETF (APXH).