Cathie Wood's Ark innovation ETF $ARKK just had its best month in HISTORY relative to the Nasdaq 100
Source: Barchart, Bloomberg
More and more capital going into the business of selling ETFs with embedded options selling features
Source: TME, Nomura
US inflation data for Oct undershoot consensus
Headline dropped to +3.2% from 3.7% in Sep vs 3.3% expected, Core CPI dropped to 4.0% from 4.1% vs 4.1% expected. Dollar and Yields plunge. - Following two months of higher than expected US CPI numbers (mainly driven by higher energy prices and healthcare costs), the October CPI print was expected slow materially (from 3.7% to 3.3% yoy on headline CPI) while the core was expected to remain unchanged at 4.1%. But today’s CPI print is a miss across the board with both headline and core numbers coming in below expectations on both a sequential and annual basis. - Headline CPI came in at 3.2%, below the 3.3% expected, while MoM CPI also missed expectations, being vs. consensus at +0.1% and sharply below last month's 0.4%. Source: Bloomberg, HolgeZ, www.zerohedge.com
Reminder that this happened when the Gold Spot ETF was approved
Source: Bitcoin for Freedom
SEC Chairman is reviewing up to 12 spot Bitcoin ETFs for approval
Here's the full report: https://lnkd.in/eMfBXxsY Source: Bloomberg Intelligence, Bitcoin Archive
Notable: $BITO traded $1.7b last week, 2nd biggest week since its wild WEEK ONE
$GBTC did $800m. That's $2.5b (top 1% among ETFs) into two less desirable methods (vs spot) for exposure. There's clearly an audience for bitcoin spot etfs. Source: Eric Balchunas, Bloomberg
Great ICI-inspired chart showing three of the biggest trends in one shot:
active to passive, mutual fund to ETF and high cost to low cost. Active equity MFs have seen outflows every year for a decade equaling $2.3T (altho their aum still ok bc of bull mkt subsidy) via @JSeyff via Eric Balchunas / Bloomberg
The iShares 20+ year Treasury Bond ETF (TLT) now down 51% from All-Time-High
Source: Bloomberg, HolgerZ
