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by elliekelly 2660 days ago
Thanks, can you explain a bit further? (Nerdy curiosity here, I've done a lot of legal work with mutual funds & hedge funds but have no experience with ETFs so I'm both clueless and curious.) Prohibited by what? The prospectus? And what exactly is prohibited that assigning a different ticker gets around the prohibition? SNAP has a similar structure but I don't remember hearing the same buzz about that being an issue for ETFs when they went public.
1 comments

A lot of it seems to come down to voting power. I linked a few articles that dive into it in this comment: https://news.ycombinator.com/item?id=19341955