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Eric Balchunas: IRS notice on 351 conversions impacts small but growing ETF segment

Eric Balchunas: IRS notice on 351 conversions impacts small but growing ETF segment
IRS 351 notice affects ETF niche

Eric Balchunas, senior ETF analyst at Bloomberg Intelligence, discusses a tax expert’s interpretation of the IRS’ 351 conversion notice published yesterday.

The guidance is said to be relevant for a very small part of the ETF market, but it is an area seeing rapid growth.

Earlier this year, Eric Balchunas reported that IBIT had narrowly surpassed VOO since inception, highlighting IBIT’s elevated volatility compared to the broader market ETF performance. He also observed that SPY trading volume stayed below $60 billion for 50 consecutive days despite major headlines. These market observations provide context for the increased attention on ETF developments.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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