Space ETFs Accelerate, Growing Population of Zombie ETFs | ETF IQ 6/8/2026

Summary

The episode covers record ETF flows, the surge in space ETFs ahead of the SpaceX IPO, the growing number of zombie ETFs, Fidelity's expansion of service fees, and DoubleLine's active CMBS ETF strategy. Guests include Andrew Chanin, Perth Tolle, and Morris Chen, discussing space exposure, distribution costs, and CRE selectivity.

• ETF flows are at record levels, with $9-10 billion per day and VOO reaching $1 trillion in assets.
• Space ETFs are surging ahead of the SpaceX IPO, with Procure Space ETF (UFO) benefiting from ecosystem interest.
• The number of zombie ETFs (3+ years, <$50M AUM) is rising as launches outpace closures.
• Fidelity expanded its $100 ETF service fee to over 120 funds, drawing criticism for opacity and harming smaller issuers.
• DoubleLine's DCRE ETF focuses on short-duration, high-quality CMBS while avoiding data center debt.
• The Bloomberg Intelligence traffic light system highlights risky levered products like the MicroSectors -3x Short AI ETN.
• Bitcoin ETFs are experiencing sustained outflows, reflecting muted crypto sentiment.
• The ratio of ETF launches to closures has shifted to 4:1, with many products struggling to gain traction.