Personal Finance & Money Asked on January 29, 2021
Quote from The Fate of the World’s Largest ETF Is Tied to 11 Random Millennials:
SPY as we know it will cease to be on Jan. 22, 2118
Also chaikinanalytics says that SPY "has an official expiration date of January 22, 2118".
So my question is: Do all ETFs/ETNs have an expiry date or is SPY special?
Do all ETFs have an expiry date similar to SPY?
No. SPY is structured as a Unit Investment Trust (UIT). UITs have to have a termination date. Newer ETFs in the US are not structured as UITs, and so do not have termination dates.
Answered by Flux on January 29, 2021
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