The Breakwave Dry Bulk Shipping ETF opens for trading today. ETFMG partnered with Breakwave to bring the ETF to market.According to the fund's website, the fund’s investment objective is to provide investors with exposure to the daily change in the price of dry bulk freight futures, before expenses and liabilities of the Fund, by tracking the performance of a portfolio consisting of a three-month strip of the nearest calendar quarter of futures contracts on specified indexes that measure rates for shipping dry bulk freight.The ETF's exposure to futures contracts instead of stocks could make the fund more volatile. BDRY carries an expense ratio of 1.72%.An email I received today regarding the fund includes the following highlights.Dry bulk shipping is an essential part of the global commodity market, carrying an estimated 5 billion tons of cargo annually Increased global infrastructure spending, especially in Asian economies, has been the major driver behind dry bulk transportation demand, a trend which should remain robust in the medium termInvestors get direct shipping exposure without using a complex and expensive freight futures accountEasy access to a unique investment space uncorrelated to other major assetsUnlike shipping equities, not subject to equity market risk, company-specific risk, potential dilution, etc.Small capital outlay ability compared to the high minimum capital requirements of freight futuresAccording to most shipping analysts, attractive industry fundamentals based on improving supply and demand balanceFor more ideas like these, be sure to join the ETF Focus group here on WhoTrades.