While physical demand was firm, exchange-traded funds saw hefty outflows and futures and option markets participants had low net-long positions on the Comex exchange.

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Additionally, Bettinger revealed that the company is planning to offer an ETF-only 401(k) option for investors looking to save for retirement using exchange traded funds.

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Lorence notes that wash sale treatment depends on whether the ETF holds a basket of securities or if the ETF or exchange-traded note (ETN) is a security such as an option or debt instrument.

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