Finally, the SEC is skeptical that all of the 6.18 million shares in the ETF will be scooped up by buyers upon launch, requiring JPMorgan to acquire the full 61,800 MT of copper immediately. It said JPMorgan predicts the initial share offering will hold 9,893 MT of copper.Still, Seeking Alpha contributor Stuart Burns said he has some sympathy with consumers fearful of the impact that physically backed products could have on the market.
JPMorgan Copper ETF Approved, But Fear Of Shortage Remains
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