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Gate Square New & Returning Creator Rewards are ongoing!
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State Street is rebranding its flagship UIT ETF lineup—swapping out the SPDR label for State Street branding across their three powerhouse products: SPY, MDY, and DIA. The move hints at something bigger: converting these index-tracking vehicles from UITs into traditional open-end funds, mirroring what Nasdaq did with QQQ back in the day. It's a strategic restructuring that could reshape how these mega-cap, mid-cap, and blue-chip tracking funds operate in the market. Whether this reflects evolving investor preferences or tees up new opportunities for the platform remains to be seen.