• PureFunds ISE Junior Silver (Small Cap Miners/Explorers) ETF is now the ETFMG Prime Junior Silver ETF (SILJ); assets of $58 million
• PureFunds Video Game Tech ETF is now the ETFMG Video Game Tech ETF (GAMR); assets of $27 million
• PureFunds Drone Economy Strategy ETF is now the ETFMG Drone Economy Strategy ETF (IFLY); assets of $21 million
• PureFunds ETFx HealthTech ETF is now the ETFMG ETFx HealthTech ETF (IMED); assets of $3 million
In addition, Prime Indexes is the new index provider for the HACK, IPAY and SILJ funds, replacing the prior indexes from the Nasdaq-owned International Stock Exchange (ISE).
A Prime Indexes co-founder, Kris Monaco, is the former head of ISE ETF Ventures.
“The change in the underlying indexes for these ETFs will have little impact on the performance of the funds, and brings the originator of many of these ideas, Kris Monaco, back into the fold,” according to the press statement form ETF Managers Group. “While this disagreement is unfortunate, investors will not be impacted.”
It remains to be seen what impact—if any—the PureFunds lawsuit against ETF Managers Group will have.