🏦 EUROPEAN BANKS JUST DECIDED TO "MAKE THEIR OWN ETFs", AND BLACKROCK AND VANGUARD WON'T LIKE IT
UniCredit, Commerzbank, Santander and ING have all launched ETFs or filed plans since the start of the year. The goal is to win back the management fees now flowing to the big players in a $4 trillion market.
One date stands out: Germany's pension reform, starting Jan 1, 2027, could send an extra €40 billion a year into funds and ETFs. Banks already hold the customer accounts, while BlackRock is betting on scale and liquidity.
When pension money starts flowing, who gets picked first: the cheapest fund, or the one that shows up first in your banking app? 👇
🔗 https://cryptothreads.io/news/european-banks-launch-own-etfs/
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