CNBC: BondBloxx ETFs confident in private credit despite Wall Street fears. Co-founder Joanna Gallegos touts diversification and yield in new ETF product.

BondBloxx ETFs is betting big on private credit, with co-founder Joanna Gallegos highlighting the benefits of diversification and attractive yield in their new BondBloxx Private Credit CLO ETF. Despite concerns of a potential meltdown in the space, Gallegos remains confident in the fund’s structure, which provides exposure to over 7,000 loans. Strategas Securities’ Todd Sohn also notes that credit spreads remain low, but keeps an eye on potential credit events that could impact the broader financial system.

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