If we may amend the list of life’s certainties: Death, taxes and, at least for now, 351 exchanges.

There’s been no shortage of interest from investors seeking to move appreciated stock assets into ETFs while deferring taxes. Alpha Architect, which has been the dominant player in the category, is currently seeding the fourth iteration in its 351 ETF US equity line, and it’s already preparing a fifth. “To the extent that the market wants cheap beta, and there’s enough demand for us to launch these things, we’ll keep doing it,” CEO and co-CIO Wesley Gray told ETF Upside. 

Lower Minimums, More Service

Today, there are no fewer than 77 US ETFs that have been seeded with a total of nearly $17 billion via 351 exchanges,…