Given the number of equity ETFs you would not think there is a problem in getting non-equity ETFs approved and trading. Au contraire. Two stories today show that there still are some roadblocks into getting a wider palette of ETFs.

John Spence at notes a roadblock on the way to a silver ETF. Two gold ETFs (GLD and IAU) are already trading and have accumulated over $3.4 billion in assets. A lobbying group is intent on blocking the launch of the fund.

The Silver Users Association, a nonprofit lobby group interested in keeping an orderly silver market, has asked the Securities and Exchange Commission to deny an ETF currently in registration from investment manager Barclays Global Investors.

The organization says a silver ETF would create a price squeeze in the metal because the fund would have to buy a large amount of silver to back the fund’s shares prior to the launch.

This is indeed surprising. Why should the form the commodity takes, i.e. an ETF, versus the spot or futures market, have such an outsized effect on the underlying market? While some analysts don’t believe it would enough opposition, including the publicly-traded silver mining companies are powerful enough to block the launch.

While the issues are different, the story is the same when it comes to an expansion in the number of fixed income ETFs. Jen Ryan in the Wall Street Journal reports that while the interest is high in seeing corporate, high yield and emerging market debt ETFs the issue of pricing seems to be holding a launch any time soon back.

Even though there are already six bond ETFs on the market the issues involved are novel enough for the SEC that the approval process is more cumbersome with each fund requiring “exemptive relief.â€? In other words, don’t hold your breath.

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Please see disclosures here.

Please see the Terms & Conditions page for a full disclaimer.