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7 Jun 2024

The great supply / demand imbalance ->

ETFs now hold more than 1 millon bitcoin and there is less than 20 million left...

29 May 2024

$NVDL (2x Nvidia ETF) went from 0 to 1,452% return in 350 days since launching..

The ETF now has $2.7b in assets and $1b/day volume. Source: Eric Balchunas, Bloomberg

28 May 2024

New weight-loss drug ETF

“Roundhill Investments' GLP-1 & Weight Loss ETF (OZEM), which began trading last week, pairs leaders Eli Lilly and Novo Nordisk with players developing new treatments for weight loss and diabetes. CEO Dave Mazza said his firm is capitalizing on explosive growth potential in the industry…Eli Lilly and Novo Nordisk each hold a roughly 20% weighting in the ETF. The three next largest positions are Zealand Pharma, Amgen and Chugai Pharmaceutical, each of which have a weighting under 5%”. Source: CNBC, Bloomberg

24 May 2024

Good chart from Deutsche Bank / Bianco Research on the ownership of ETFs

Source: Deutshe Bank / Bianco Research

24 May 2024

SEC approves 8 Ethereum ETFs including BlackRock and Fidelity.

But ETF issuers must have their S-1 registration statements go effective before trading can begin. It's unclear how long this process will take but some analysts are speculating that it could take weeks. In a stunning reversal, the U.S. Securities and Exchange Commission (SEC) announced on Thursday that it has approved eight applications for spot Ethereum ETFs, effectively green-lighting Ethereum trading on Wall Street. The following funds were approved in the filing: the converted Grayscale Ethereum Trust, the Bitwise Ethereum ETF, iShares Ethereum Trust, VanEck Ethereum Trust, ARK/21 Shares Ethereum ETF, Invesco Galaxy Ethereum ETF, Fidelity Ethereum Fund, and Franklin Ethereum ETF. When will the spot Ethereum ETFs begin trading? It won't be tomorrow. Bloomberg ETF expert James Seyffart suggested in a tweet that it could be a "couple weeks" before the fund managers' S-1 documents are approved to enable trading. Source: Decrypt

21 May 2024

Rumors about Ethereum Spot ETF being approved some time this week and traders have aggressively open long positions in futures markets.

ETH price is up 11% today while open interest increases by almost $1B in an hour.

17 May 2024

The biggest success of ETF launches in history?

iShares Spot Bitcoin ETF $IBIT ended up with 414 reported holders in its first 13F season, which is mind boggling, blows away record. Even having 20 holders as a newborn is highly rare. Here's a look at how the BTC ETFs compare to other ETFs launched in Jan (aka the Class of 2024) in this metric. Source: Eric Balchunas, Bloomberg Intelligence Who must file Form 13F? ( A: Institutional investment managers that use the United States mail (or other means or instrumentality of interstate commerce) in the course of their business and that exercise investment discretion over $100 million or more in Section 13(f) securities must file Form 13F

10 May 2024

Retail investors have bought over $5 billion of leveraged equity ETFs in the last 12 months, the most since 2022.

This marks a $3 billion increase on a 1-month rolling sum basis in just a few months. Since the October 2023 low, retail investors have been piling into leveraged ETFs. However, a similar pattern was seen in 2021 and early 2022 after which retail experienced significant losses. The average retail investor portfolio drawdown from the 2022 peak was 35% and took 1.5 years to recover. Retail risk appetite is near record highs. Source: FT, The Kobeissi Letter

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