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Hottest ETF of the Year Risks Closure

  • U.S. Bancorp said to be reviewing whether to stick with MJX
  • Fund began trading as ETFMG Alternative Harvest ETF last month
Updated on

Investing in getting high could turn out to be the ultimate downer for buyers of a popular new exchange-traded fund.

The ETFMG Alternative Harvest ETF, which has raised more than $350 million this year under the MJX ticker, faces an abrupt closure if the institution charged with holding its assets pulls the plug and a replacement isn’t found.