New ETFs Are Betting Big on Texas

The Lone Star State may have just one star, but its ETFs are numerous. Three issuers have now launched or filed for funds that hold companies specifically based in Texas, which has enticed hundreds of businesses to relocate there, including crypto trading platform Coinbase and X (formerly Twitter). Horizon Kinetics filed this month for a product that would place 80% of its holdings in Texas-based securities, following iShares, which launched its own Texas-focused ETF earlier this year. The funds give inve ...