Tidal Financial Group's Michael Venuto filed last month for eight two-stock ETFs: going long one stock and short the other.
"They should come out probably in about two or three months," Venuto, the firm's chief investment officer and co-founder, said on CNBC'sThese new ETFs aim to simplify long-short trades by bundling both positions into one product and eliminating the need for separate trades, according to the Tidal Financial website.
3 high-paying roles in industries that keep adding jobs: ‘You wouldn't think' they'd pay 6 figures, says expert"Instead of having to short something yourself, the ETF is going to do that for you. And so, there's a convenience factor that's out there," the firm's head of research said on CNBC's This streamlined approach could attract investors looking for ease of access in balancing market positions."I think the ETF adoption is going to continue, even if we have some of these niche-oriented products sitting side by side with Vanguard 500 in a portfolio," Rosenbluth said.