ETFs have completely transformed how we invest for our clients. Cheaper, more tax-efficient, more transparent — it's been one of the great wins for investors over the last twenty-five years.

But folks, we are not in Kansas anymore. The same wrapper that gave us three basis point index funds is now giving us double-levered single stocks, funds that hold literal sports bets — there's a filing right now for an ETF that would hold 40 to 80 event contracts on NFL and NBA games. Not the sportsbook stocks. The bets themselves. And at the very same time, the boring stuff keeps getting better — BlackRock and State Street just launched Nasdaq 100 funds at 10 basis points, coming straight for the Qs.

So it's the best of times and the weirdest of times in ETF land, and there is nobody better to walk us through it than James Seyffart of Bloomberg Intelligence.

This episode is sponsored by Calamos. To learn more about CAIE, visit https://www.calamos.com/funds/etf/calamos-autocallable-income-caie

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