Much Ado About Nothing — Why iShares SLV ETF’s Prospectus Change is not a Big Deal

“The sky is falling!”

Exasperated YouTubers and bloggers in the metals niche have spent the last week waxing poetically about a new change that appeared in the iShares SLV prospectus for their massive silver ETF. If you spend any time around the market, it’s hard to miss. Some are taking it as indications there’s a run on silver. Some are pushing a narrative that our friends at reddit squeezed to great effect. Some are claiming it doesn’t matter because nothing exists anyway.

It can get daunting. Quick.

I’ve personally spent way too much time reviewing the prospectus, listed filings, and SEC documents to get to the heart of the matter. Time that could be better spent clipping my toenails, petting my dogs, or even just kicking back with a nice glass of bourbon. But I make the sacrifice to try and dispel the myths.

However, they say the lie makes it’s way around the world before the truth puts on its shoes. Salacious conspiracy is always more entertaining than legal and financial docs. So, I know my battle is uphill, but once more into that breech my friends.

The Offending Line

Let’s take a peek and see what all the brouhaha is about.