##  [# Is the Tax Man Coming for 351 ETF Exchanges?](/sections/equity/tax-man-coming-351-etf-exchanges) 

 

# Is the Tax Man Coming for 351 ETF Exchanges?

 

 

Discover what the ETF Zoo crew thinks about the shift towards international equities and the "Sell America" narrative in a changing geopolitical landscape, as well as increasing regulatory attention on 351 ETF exchanges. This episode also explores the $9 billion cryptocurrency de-leveraging event, Jane Street market making conspiracies, and the latest SEC regulations... or lack thereof.



 

 

 

 

 [![ETFZooLogo](/sites/default/files/styles/author_image_icon/public/2025-11/ETFZooLogo.png?itok=cteL2eHH "ETFZooLogo")](/authors/etf-zoo-podcast) 

[By ETF Zoo Podcast](/authors/etf-zoo-podcast)

 Mar 09, 2026

 Edited by: ETF.com Staff

 

 

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Welcome to ETF Zoo, where we check in on the latest happenings in the wild world of ETFs. This episode's crew discusses international flows and potential interpretations, bitcoin price movements and what it means for all investors — including on the institutional side, the SEC wielding its hammer, and the ongoing deluge of leveraged filings.

ETF.com hosts Dave Nadig, President &amp; Director of Research, and Sumit Roy, Senior ETF Analyst, are joined this week by James Seyffart, CFA, CAIA, Senior Research Analyst at Bloomberg Intelligence; Todd Sohn, Chief ETF Strategist for Strategas; and Brent Sullivan, Editor of Tax Alpha Insider.

This podcast is available to listen to on [**Spotify** ](https://open.spotify.com/episode/4vYfjA86TJcKJlR4WlrwZD?si=ccb79192732246eb)and [**Apple Podcasts**](https://podcasts.apple.com/us/podcast/geopolitical-shifts-crypto-cascades-and-the-sec/id1852786914?i=1000753693521). If you prefer to watch this conversation instead, you can find that [**here**](https://www.etf.com/sections/podcasts/etf-zoo-geopolitical-shifts-crypto-cascades-and-sec) or over on our [**YouTube channel**](https://youtu.be/oxxObh0wGj0).

## Topics Discussed

- Market flow trends and international diversification as well as the impact of geopolitical events on ETF strategies.
- Regulatory scrutiny and potential changes in ETF laws, with a dive into the oft-neglected tax regulatory side of ETFs.
- Puzzling over the state of crypto investing, including speculation over the longer-term effects of bitcoin deleveraging and its wide ranging impacts.
- The niche and leveraged ETF filings just keep coming, so what does it mean for investors?

*Discover the news, data, and voices shaping the ETF community. Follow along* [***here***](https://www.etf.com/sections/podcasts)*.*

 
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 [ ETF Zoo Podcast ](/authors/etf-zoo-podcast) 

 

 

  Welcome to ETF Zoo, the podcast where we check into recent happenings in the wild world of ETFs. Hosts Dave Nadig, President and Director of Research…   [View Bio](/authors/etf-zoo-podcast)

 



 

 


 Related Topics  [Equity](http://www.etf.com/topics/equity) 

 [International](http://www.etf.com/topics/international) 

 [Crypto](http://www.etf.com/topics/cryptocurrency) 

 [Bitcoin](http://www.etf.com/topics/bitcoin) 

 [Leveraged](http://www.etf.com/topics/leveraged)