ETF YTD net flows ranking... iShares Bitcoin spot ETF $IBIT has passed Invesco Nasdaq 100 $QQQ into YTD net flows.
And could pass Vanguard's Total Stock Market ETF very soon too. Compare the net sizes of these ETF's vs. net inflows. Demand for Bitcoin via ETF has been relentless. Unprecedented really. Source: SpencerHakimian, Bloomberg
Ethereum spot ETF to start trading today (TUESDAY)
The United States Securities and Exchange Commission (SEC) has given final approvals to spot Ethereum ETFs, clearing the way for the funds to begin trading as soon as Tuesday, July 23. Such funds received initial approval in May in a surprise regulatory shift by the SEC, and have spent recent weeks sending in updated and finalized forms. Now, 424(b) approvals are coming in and spot Ethereum ETFs have been made effective by the SEC, which means they can begin trading. July 23 emerged as the likely target for the trading start early last week, as sources connected to fund providers told Decrypt that they were told to expect approvals ahead of that date, barring unexpected delays. "It’s official: Spot ETH ETFs have been made effective by the SEC," tweeted Bloomberg Senior ETF Analyst Eric Balchunas on Monday afternoon. "The 424(b) forms are rolling in now, the last step = all systems go for tomorrow’s 930am launch. Game on." Source: Decrypt
Tech’s outperformance has been highly correlated to its earnings vs. S&P 500 since the Tech Bubble
Source: BofA, Mike Z.
The US remains (by far) the world leader for corporate R&D, accounting for ~40% of global total
• China and EU are competing for second place in global league table • Japan has been in free fall over past two decades, now accounting for only 10% of global private R&D Source: Agathe Demarais
It seems that ethereum spot ETF will go live tomorrow
Source: Radar
The US labor market continues to weaken.
US job postings on indeed.com declined 12.4% year-over-year to their lowest level since April 2021. Overall, US job postings are down by ~50% since their December 2021 record. However, nationwide job postings are still 11.7% above their pre-pandemic baseline, according to Indeed. Meanwhile, US job openings unexpectedly increased in May to 8.14 million from 7.92 million in April, according to the latest BLS data. Data provided by Indeed is more current than the BLS-provided series, which suggests a further decline in US job openings is coming. Source: The Kobeissi Letter, Indeed.com
Headlines in Europe.
Source: Eagle Wings
For the first time streaming passed 40% of total TV usage in the US
Source: Statista
