The parent of ETF.com, who offers news about traded funds, has sold a majority stake to two entrepreneurs with a background in the event industry.
Conditions have not been announced. ETFS Capital has retained a minority interest.
One of the buyers, Matt Middleton, becomes CEO of the company. He is the founder and CEO of Future Proof, an event company focused on the asset management industry. His track record includes the scales of ETFs in a worldwide franchise at Informa and launching Exchange ETF, which he sold after the successful inaugural edition as part of a private Equity-Roll-up.
The current CEO Michael Morelli was adopted in January 2022 from Seekingalpha.com. He led a repair in 2023 that resulted in record -breaking advertising sales, launched a subscription activities in a quarter and a complete reorganization to improve performance and income.
“Etf.com has a huge potential to become the most important destination for ETF education and community involvement,” Middleton said in a statement. “We bring the creative, participant-first approach that has fueled the success of Future Proof to ETF.COM, creating mandatory events and networks that will again define the industrial dialogue.”
The other buyer is Anil D. Aggarwal, who founded the two largest American fintech events, Money20/20 and Fintech Meetup, and led, who generated more than $ 500 million in business value in the past decade through several successful events.
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