I would say the article us pretty spot on - but I think the problems are not unique to buying the etf but are rather just things anyone buying a private investment has to accept
daily pricing? You won’t get it in the private market
Are you getting good value on your private trade? You can’t just look up the bid ask spread on a terminal
Opaque valuations - good luck getting any additional information as a small private investor
Which means the people that are buying the ETF are no worse off than if they bought Space X on the secondary market - whether they should be investing in private equities at all is a different discussion
I would say the article us pretty spot on - but I think the problems are not unique to buying the etf but are rather just things anyone buying a private investment has to accept
daily pricing? You won’t get it in the private market
Are you getting good value on your private trade? You can’t just look up the bid ask spread on a terminal
Opaque valuations - good luck getting any additional information as a small private investor
Which means the people that are buying the ETF are no worse off than if they bought Space X on the secondary market - whether they should be investing in private equities at all is a different discussion