BATTETF.com -- HoldingsI agree that this ETF is something to watch.
It opened with $2.0 M, of which 2.64% was invested in FCC, as well as 2.79% in eCobalt and 3.06% in Cobalt 27. While the dollar amounts involved by this "new investor" are currently small, that could change quickly in that a battery minerals ETF that includes junior mining companies could be a game changer by greatly opening up the amount of investment dollars flowing in.
With what looks like an index approach to investing, i expect the ETF to be a buy and hold, with sales of shares used to purchase others within the 40-50 companies that it invests in. If not, it would not meet its goal of being a battery materials ETF. If dollar inflow is significant, this may also bring stability, as well as a way for junior mining companies to obtain capital by selling shares instead of bought financing deals.
Time will tell.