Unlimited ETFs to Transfer Exchange Listings to New York Stock Exchange
MWN-AI** Summary
Tidal Financial Group has announced a significant move for two of its exchange-traded funds (ETFs), the Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) and Unlimited HFGM Global Macro ETF (HFGM). Both funds will transition their listings from NYSE Arca to the New York Stock Exchange (NYSE) effective July 16, 2025. This strategic shift aims to enhance market accessibility while providing investors with the oversight of a Designated Market Maker (DMM) that the NYSE offers. Importantly, shareholders need not take action as the funds' investment objectives, strategies, and management teams will remain unchanged despite this change in listing venue.
The HFND ETF focuses on replicating a diversified multi-strategy hedge fund index, presenting a liquid and cost-effective alternative to conventional hedge fund investments. Conversely, the HFGM ETF aims to mirror the performance of a global macro hedge fund index, allowing investors to access institutional-style investment strategies in a straightforward ETF format.
Founded by Bob Elliott—a former member of the investment committee at Bridgewater Associates—Unlimited ETFs utilizes proprietary machine learning to produce low-cost index offerings targeting diverse investment strategies, including those similar to hedge funds and private equity. Tidal Financial Group specializes in launching, managing, and growing innovative ETFs, partnering with asset managers to streamline ETF distribution.
Investors are encouraged to carefully review the fund prospectuses and summary prospectuses for detailed information on investment objectives and associated risks. With market dynamics ever-changing, this transfer to the NYSE could amplify the visibility and trading efficiency of Tidal's ETFs, furthering their commitment to harness advanced investment strategies for broader investor access.
MWN-AI** Analysis
The upcoming transfer of the Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) and the Unlimited HFGM Global Macro ETF (HFGM) from NYSE Arca to the New York Stock Exchange (NYSE), set for July 16, 2025, presents a compelling opportunity for investors. This strategic move is designed to enhance the ETFs' market visibility, facilitated by the expertise of a Designated Market Maker (DMM), which is likely to improve liquidity and potentially reduce bid-ask spreads.
Both ETFs, managed by Tidal Financial Group, maintain a focus on innovative investment strategies that mirror the performance of hedge fund indices. While HFND aims to provide exposure to a diversified multi-strategy hedge fund index, HFGM focuses on global macro strategies. Investors looking for diversified strategies that typically require significant capital commitment can benefit from these ETFs' transparent structures and lower fees.
As with any investment, potential investors should consider the inherent risks associated with ETF investments, particularly those involved in underlying assets such as derivatives, fixed-income securities, and foreign investments. The realization that the ETFs will continue to adhere to their established investment objectives and strategies provides reassurance, but due diligence is paramount.
The transition to the NYSE is a positive indicator of growth for Tidal Financial Group and could prompt increased investor interest, driving demand. Utilizing machine learning technology, Tidal aims to democratize access to high-quality 2&20 strategies, traditionally reserved for institutional investors.
In conclusion, the transfer of HFND and HFGM to the NYSE could enhance the attractiveness of these funds, making them a consideration for investors seeking diversified, innovative, and cost-efficient exposure to hedging strategies. It is advisable to monitor market reactions post-transfer and be mindful of potential volatility associated with the ETFs’ underlying assets.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
NEW YORK, July 10, 2025 (GLOBE NEWSWIRE) -- Tidal Financial Group today announced that two of its ETFs — the Unlimited HFND Multi-Strategy Return Tracker ETF (NYSE Arca: HFND) and the Unlimited HFGM Global Macro ETF (NYSE Arca: HFGM) — will transfer their listings from NYSE Arca to the New York Stock Exchange LLC (“NYSE”). The transfers are expected to occur at the open of trading on July 16, 2025. Upon transfer, both ETFs will continue to be listed under their current ticker symbols.
By listing on the NYSE, the ETFs will benefit from the expertise of a Designated Market Maker (DMM). This strategic move reflects Tidal’s continued commitment to optimizing market access and visibility for its innovative ETF lineup.
No action is required by current shareholders, and the funds’ investment objectives, strategies, and portfolio management teams will remain unchanged.
About the Funds
- Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) aims to replicate the returns of a diversified multi-strategy hedge fund index, delivering a liquid, cost-efficient alternative to traditional hedge fund investments.
- Unlimited HFGM Global Macro ETF (HFGM) seeks to provide investment results that correspond to the performance of a global macro hedge fund index, offering investors access to institutional-style strategies in a transparent ETF format.
About Tidal Financial Group
Tidal Financial Group is a leading ETF platform dedicated to bringing innovative and differentiated investment strategies to market. Tidal partners with asset managers to launch, operate, and grow ETFs, providing end-to-end infrastructure and distribution solutions.
For more information, please visit www.tidalfinancialgroup.com .
About Unlimited ETFs
Unlimited uses proprietary machine learning to create low-cost index ETFs across 2&20 strategies like hedge funds, venture, and private equity. It was founded by Bob Elliott, who previously was on the investment committee at Bridgewater Associates, the world's largest hedge fund, to make institutional quality 2&20 investment strategies available to all investors.
For more information, please visit www.unlimitedetfs.com .
Investors should consider the investment objectives, risks, charges, and expenses carefully before investing. This and other important information is contained in the fund prospectus and summary prospectus, which may be obtained by visiting the fund website or calling 833-216-0499. Read carefully before investing.
Investments involve risk. Principal loss is possible
Underlying ETFs Risks. The Fund will incur higher and duplicative expenses because it invests in Underlying ETFs. There is also the risk that the Fund may suffer losses due to the investment practices of the Underlying ETFs. The Fund will be subject to substantially the same risks as those associated with the direct ownership of securities held by the Underlying ETFs. Additionally, Underlying ETFs are also subject to the “ETF Risks” described above.
Derivatives Risk. The Fund's or an Underlying ETF's derivative investments have risks, including the imperfect correlation between the value of such instruments and the underlying assets or index; the loss of principal, including the potential loss of amounts greater than the initial amount invested in the derivative instrument; the possible default of the other party to the transaction; and illiquidity of the derivative investments.
Fixed Income Securities Risk. The Fund may invest in Underlying ETFs that invest in fixed income securities. The prices of fixed income securities may be affected by changes in interest rates, the creditworthiness and financial strength of the issuer and other factors. An increase in prevailing interest rates typically causes the value of existing fixed income securities to fall and often has a greater impact on longer-duration and/or higher quality fixed income securities.
Foreign Securities Risk. Foreign securities held by Underlying ETFs in which the Fund invests involve certain risks not involved in domestic investments and may experience more rapid and extreme changes in value than investments in securities of U.S. companies. Financial markets in foreign countries often are not as developed, efficient or liquid as financial markets in the United States, and therefore, the prices of non-U.S. securities can be more volatile.
Futures Contracts Risk. The Fund or Underlying ETFs may invest in futures contracts. Risks of futures contracts include: (i) an imperfect correlation between the value of the futures contract and the underlying asset; (ii) possible lack of a liquid secondary market; (iii) the inability to close a futures contract when desired; (iv) losses caused by unanticipated market movements, which may be unlimited; (v) an obligation for the Fund or an Underlying ETF, as applicable, to make daily cash payments to maintain its required margin, particularly at times when the Fund or Underlying ETF may have insufficient cash; and (vi) unfavorable execution prices from rapid selling.
The funds are distributed by Foreside Fund Services, LLC
Media Contact:Gavin Filmore at gfilmore@tidalfg.com
FAQ**
How will the transfer of the Unlimited HFGM Global Macro ETF (HFGM) to the NYSE impact its liquidity and trading volume compared to its previous listing on NYSE Arca?
What specific benefits does Tidal Financial Group anticipate for the Unlimited HFGM Global Macro ETF (HFGM) from the expertise of a Designated Market Maker on the NYSE?
Are there any anticipated changes in the investment strategy or portfolio management team for the Unlimited HFGM Global Macro ETF (HFGM) following its transfer to the NYSE?
How does Tidal Financial Group plan to communicate the advantages of investing in the Unlimited HFGM Global Macro ETF (HFGM) to potential investors after its transfer?
**MWN-AI FAQ is based on asking OpenAI questions about Unlimited HFND Multi Strategy Return Tracker ETF (NYSE: HFND).
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