New Stock ETFs will offer the potential for capped upside gains with 100% downside protection.
Source: Barchart
Hedge funds increased ETF short positions by largest amount in 20 months according to Goldman Sachs
Source: barchart
Gold rallied strongly again yesterday, disregarding entirely the significant reversal seen on Friday.
Meanwhile, the $GLD ETF is still facing significant outflows on a 2-year basis of nearly 45%. Source: Tavi Costa, Bloomberg
Bitcoin ETFs now sit at nearly $60 Billion in assets.
To put that into perspective, GLD, which is the largest gold ETF, has a total AUM of $62 billion. Source: Bloomberg
The first ever 2x and -2x spot bitcoin ETFs hit the market yesterday from ProShares.
$BITU and $SBIT (tickers could have been better). $BITX is 2x but it tracks futures and $BITI is -1x but is also futures. Fee 95bps on both. Haven't traded too much so far, under $1m. Source: Eric Balchunas, Bloomberg
The S&P 500 Energy ETF $XLE just formed a Golden Cross right as it hit a 1-year high
Source: Barchart
Here is the final daily breakdown of bitcoin etfs flows YESTERDAY
in a day when GBTC saw record liquidations (to meet bankruptcy obligations of Genesis and others) and when bitcoin tumbled, Blackrock's IBIT saw a surge of inflows. ETF demand still looks quite strong. Source: www.zerohedge.com
It took the iShares Bitcoin ETF, $IBIT, 8 weeks to hit $15 billion in assets under management.
By comparison, it took the Gold ETF, $GLD, 3 years to hit $15 billion in assets under management, per Zerohedge. At this pace, $IBIT could overtake $GLD in a matter of days...
