RBC Warns of ‘Finite’ Market-Maker Capital For ETF Share Classes

Market-making firms in the $13 trillion exchange-traded fund industry may come under strain amid a potential wave of new listings in 2026, with US regulators poised to allow asset managers to offer ETFs as share classes of mutual funds.

Dec 16, 2025 - 05:00
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RBC Warns of ‘Finite’ Market-Maker Capital For ETF Share Classes
Market-making firms in the $13 trillion exchange-traded fund industry may come under strain amid a potential wave of new listings in 2026, with US regulators poised to allow asset managers to offer ETFs as share classes of mutual funds.

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