Eric Balchunas on X:
"$IBIT iShares Bitcoin ETF traded $3.3b today, biggest number in 6 months, which is a bit odd because $BTC was up 4% (typically ETF volume spikes in a downturn/crisis). Occasionally though volume can spike if there a FOMO-ing frenzy (a la $ARKK in 2020)". Given the surge in price past few days, his guess is this is latter, which means that inflows could be even bigger this week. Source: Eric Balchunas on X, Bloomberg
ETF launches have been going vertical over past few years…
700+ new ETFs have been launched just over the trailing 12 months. Source: Nate Geraci @NateGeraci via Todd Sohn
Bitcoin ETFs have crossed $20b in total net flows (the most important number, most difficult metric to grow in ETF world) for first time after huge week of $1.5b.
For context, it took gold ETFs about 5 years to reach same number. Total assets now $65b, also a high water mark. Source: Eric Balchunas, Bloomberg
The Kraneshares CSI China Internet ETF $KWEB took in $700m on Wednesday, its biggest inflow ever
Source: Bloomberg, Katie Greifeld
Bitcoin ETF inflows are back and this time no offsetting GBTC outflows
Source. zerohedge
BlackRock just put out a nine-page white paper that makes case for bitcoin ETF as a "unique diversifier" that can hedge against fiscal, monetary and geopolitical risks
also including section called "bitcoin's path to $1 trillion market cap". Read whole thing here: https://lnkd.in/e8XVW9gG Source: Blackrock
First negative outflow for Blackrock's $IBIT Bitcoin ETF since May.
Source: Koyfin
Short Volatility etf $SVIX Assets Under Management are surging
Aug 2024: $600M Q1 2024: $140M Q1 2023: $88M Q1 2022: $22m Source: Bloomberg, Lawrence McDonald
