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Bank Syz Ltd. accepts no liability for any loss arising from the use of this document. ## Straight from the Desk # **Syz** the moment Live feeds, charts, breaking stories, all day long. - [All](https://blog.syzgroup.com/syz-the-moment) - [equities](https://blog.syzgroup.com/syz-the-moment/tag/equities) - [United States](https://blog.syzgroup.com/syz-the-moment/tag/united-states) - [Macroeconomics](https://blog.syzgroup.com/syz-the-moment/tag/macroeconomics) - [Food for Thought](https://blog.syzgroup.com/syz-the-moment/tag/food-for-thought) - [markets](https://blog.syzgroup.com/syz-the-moment/tag/markets) - [Central banks](https://blog.syzgroup.com/syz-the-moment/tag/central-banks) - [bitcoin](https://blog.syzgroup.com/syz-the-moment/tag/bitcoin) - [Fixed Income](https://blog.syzgroup.com/syz-the-moment/tag/fixed-income) - [geopolitics](https://blog.syzgroup.com/syz-the-moment/tag/geopolitics) - [AI](https://blog.syzgroup.com/syz-the-moment/tag/ai) - [europe](https://blog.syzgroup.com/syz-the-moment/tag/europe) - [Asia](https://blog.syzgroup.com/syz-the-moment/tag/asia) - [gold](https://blog.syzgroup.com/syz-the-moment/tag/gold) - [Commodities](https://blog.syzgroup.com/syz-the-moment/tag/commodities) - [investing](https://blog.syzgroup.com/syz-the-moment/tag/investing) - [Technology](https://blog.syzgroup.com/syz-the-moment/tag/technology) - [Crypto](https://blog.syzgroup.com/syz-the-moment/tag/crypto) - [technical analysis](https://blog.syzgroup.com/syz-the-moment/tag/technical-analysis) - [nvidia](https://blog.syzgroup.com/syz-the-moment/tag/nvidia) - [oil](https://blog.syzgroup.com/syz-the-moment/tag/oil) - [china](https://blog.syzgroup.com/syz-the-moment/tag/china) - [ETF](https://blog.syzgroup.com/syz-the-moment/tag/etf) - [earnings](https://blog.syzgroup.com/syz-the-moment/tag/earnings) - [Forex](https://blog.syzgroup.com/syz-the-moment/tag/forex) - [energy](https://blog.syzgroup.com/syz-the-moment/tag/energy) - [banking](https://blog.syzgroup.com/syz-the-moment/tag/banking) - [magnificent-7](https://blog.syzgroup.com/syz-the-moment/tag/magnificent-7) - [Alternatives](https://blog.syzgroup.com/syz-the-moment/tag/alternatives) - [Volatility](https://blog.syzgroup.com/syz-the-moment/tag/volatility) - [Real Estate](https://blog.syzgroup.com/syz-the-moment/tag/real-estate) - [apple](https://blog.syzgroup.com/syz-the-moment/tag/apple) - [emerging-markets](https://blog.syzgroup.com/syz-the-moment/tag/emerging-markets) - [google](https://blog.syzgroup.com/syz-the-moment/tag/google) - [Middle East](https://blog.syzgroup.com/syz-the-moment/tag/middle-east) - [switzerland](https://blog.syzgroup.com/syz-the-moment/tag/switzerland) - [tesla](https://blog.syzgroup.com/syz-the-moment/tag/tesla) - [United Kingdom](https://blog.syzgroup.com/syz-the-moment/tag/united-kingdom) - [amazon](https://blog.syzgroup.com/syz-the-moment/tag/amazon) - [microsoft](https://blog.syzgroup.com/syz-the-moment/tag/microsoft) - [assetmanagement](https://blog.syzgroup.com/syz-the-moment/tag/assetmanagement) - [ethereum](https://blog.syzgroup.com/syz-the-moment/tag/ethereum) - [meta](https://blog.syzgroup.com/syz-the-moment/tag/meta) - [russia](https://blog.syzgroup.com/syz-the-moment/tag/russia) - [Industrial-production](https://blog.syzgroup.com/syz-the-moment/tag/industrial-production) - [Healthcare](https://blog.syzgroup.com/syz-the-moment/tag/healthcare) - [ESG](https://blog.syzgroup.com/syz-the-moment/tag/esg) - [Global Markets Outlook](https://blog.syzgroup.com/syz-the-moment/tag/global-markets-outlook) - [Turkey](https://blog.syzgroup.com/syz-the-moment/tag/turkey) - [inflation](https://blog.syzgroup.com/syz-the-moment/tag/inflation) - [bankruptcy](https://blog.syzgroup.com/syz-the-moment/tag/bankruptcy) - [brics](https://blog.syzgroup.com/syz-the-moment/tag/brics) - [Market Outlook](https://blog.syzgroup.com/syz-the-moment/tag/market-outlook) - [performance](https://blog.syzgroup.com/syz-the-moment/tag/performance) - [africa](https://blog.syzgroup.com/syz-the-moment/tag/africa) - [LLM](https://blog.syzgroup.com/syz-the-moment/tag/llm) - [Global](https://blog.syzgroup.com/syz-the-moment/tag/global) - [Market News](https://blog.syzgroup.com/syz-the-moment/tag/market-news) - [Weekly Equities](https://blog.syzgroup.com/syz-the-moment/tag/weekly-equities) Show more 17 Jul 2024 - - - #### iShares US Treasuries 20y+ $TLT forms a Golden Cross with an upward-sloping 200D moving average for the first time since January 2019! The last one sent the ETF soaring by almost 50% over the next 2 months. Source: Barchart [#ETF|](https://blog.syzgroup.com/syz-the-moment/tag/etf) [#United States](https://blog.syzgroup.com/syz-the-moment/tag/united-states) ![iShares US Treasuries 20y+ $TLT forms a Golden Cross with an upward-sloping 200D moving average for the first time since January 2019!](https://blog.syzgroup.com/hubfs/1721195355279.jpg) ![iShares US Treasuries 20y+ $TLT forms a Golden Cross with an upward-sloping 200D moving average for the first time since January 2019!](https://blog.syzgroup.com/hubfs/1721195355279.jpg) 17 Jul 2024 - - - #### BlackRock generated $4.8 billion in revenue in the quarter, an 8% increase from the same period last year. This growth was driven by a record $10.6 trillion in assets under management, led by high ETF flows. Source: Genuine [#ETF|](https://blog.syzgroup.com/syz-the-moment/tag/etf) [#markets](https://blog.syzgroup.com/syz-the-moment/tag/markets) ![BlackRock generated $4.8 billion in revenue in the quarter, an 8% increase from the same period last year.](https://blog.syzgroup.com/hubfs/1721166615944.jpg) ![BlackRock generated $4.8 billion in revenue in the quarter, an 8% increase from the same period last year.](https://blog.syzgroup.com/hubfs/1721166615944.jpg) 17 Jul 2024 - - - #### Even just combining the 80 companies found manually in SEC filings accounts for 17% of the total bitcoin ETF holdings. While not all can be considered institutional investors, significant numbers are included - e.g Millenium, Susquehanna, Horizon Kinetics, Jane Street Group, Schonfeld, Morgan Stanley, Point72, Farallon, tc. Viewing ETF inflows solely as retail contributions seems inappropriate. Source: Ki Young Ju [#ETF|](https://blog.syzgroup.com/syz-the-moment/tag/etf) [#bitcoin](https://blog.syzgroup.com/syz-the-moment/tag/bitcoin) ![Even just combining the 80 companies found manually in SEC filings accounts for 17% of the total bitcoin ETF holdings.](https://blog.syzgroup.com/hubfs/1721109700029.jpg) ![Even just combining the 80 companies found manually in SEC filings accounts for 17% of the total bitcoin ETF holdings.](https://blog.syzgroup.com/hubfs/1721109700029.jpg) 10 Jul 2024 - - - #### Bitcoin rebounds to $58k after ETF investors bought the dip... Inflows into Bitcoin spot ETF surged near $300M Source: www.zerohedge.com, Bloomberg [#ETF|](https://blog.syzgroup.com/syz-the-moment/tag/etf) [#bitcoin](https://blog.syzgroup.com/syz-the-moment/tag/bitcoin) ![Bitcoin rebounds to $58k after ETF investors bought the dip...](https://blog.syzgroup.com/hubfs/1720557372759.jpg) ![Bitcoin rebounds to $58k after ETF investors bought the dip...](https://blog.syzgroup.com/hubfs/1720557372759.jpg) 3 Jul 2024 - - - #### $TLT, a popular bond-tracking ETF recorded a $2.7 billion inflow last Monday, the largest inflow on record. Year-to-date, the ETF has seen inflows of $4.4 billion, on track for its largest annual inflow on record. To put this into perspective, $TLT has $54 billion in assets under management. This is all despite $TLT falling -4% YTD and -37% over the last 4 years. Source: The Kobeissi Lettr, Bloomberg [#ETF|](https://blog.syzgroup.com/syz-the-moment/tag/etf) [#markets](https://blog.syzgroup.com/syz-the-moment/tag/markets) ![$TLT, a popular bond-tracking ETF recorded a $2.7 billion inflow last Monday, the largest inflow on record.](https://blog.syzgroup.com/hubfs/1719989023783.jpg) ![$TLT, a popular bond-tracking ETF recorded a $2.7 billion inflow last Monday, the largest inflow on record.](https://blog.syzgroup.com/hubfs/1719989023783.jpg) 3 Jul 2024 - - - #### Just in: BlackRock just launched a "buffer fund", a stock ETF with a 100% downside hedge. The iShares Large Cap Max Buffer Jun ETF started trading on Monday under the ticker symbol $MAXJ What’s a buffer fund? These funds offer hedged exposure to stocks by limiting losses while also capping gains, and they’re not exactly a new concept. Since their inception, they’ve attracted industry giants like BlackRock, and they’ve drawn about $5 billion in inflows so far this year. But even before they came around, investment banks were offering their clients “structured notes” – a hybrid product that combines bits and pieces of different financial instruments into one to create customized risk-reward profiles. While there are many different types of structured notes out there, “buffer participation notes” are among the most popular. The notes and buffer funds work in the exact same way – they’re just packaged as different investment vehicles. Having said that, buffer funds are a lot more accessible for retail investors. Buffer participation notes, like most structured notes, are typically offered by investment banks only to sophisticated, high-net-worth clients. Buffer ETFs, by contrast, can be bought and sold just like any ordinary stock. Source: Finimize [#ETF|](https://blog.syzgroup.com/syz-the-moment/tag/etf) [#markets](https://blog.syzgroup.com/syz-the-moment/tag/markets) ![Just in: BlackRock just launched a ](https://blog.syzgroup.com/hubfs/1719953793246.jpg) ![Just in: BlackRock just launched a ](https://blog.syzgroup.com/hubfs/1719953793246.jpg) 1 Jul 2024 - - - #### After liquidity tailwinds in Q4 2023, the etfs launches and bitcoin halving in Q1 / early Q2, liquidity headwinds played catch-up in late Q2, pushing BTC lower Source: Delphi Digital, Bloomberg [#ETF|](https://blog.syzgroup.com/syz-the-moment/tag/etf) [#bitcoin](https://blog.syzgroup.com/syz-the-moment/tag/bitcoin) ![After liquidity tailwinds in Q4 2023, the etfs launches and bitcoin halving in Q1 / early Q2, liquidity headwinds played catch-up in late Q2, pushing BTC lower](https://blog.syzgroup.com/hubfs/1719608076910.jpg) ![After liquidity tailwinds in Q4 2023, the etfs launches and bitcoin halving in Q1 / early Q2, liquidity headwinds played catch-up in late Q2, pushing BTC lower](https://blog.syzgroup.com/hubfs/1719608076910.jpg) 25 Jun 2024 - - - #### Bitcoin is back to the lower end of this range $BTC plunges \>5% as funds see most outflows over 2 weeks since ETF approval. Bitcoin investment products saw ~$600mln in outflows for a 2nd consecutive week. Source: J-C Parets, HolgerZ [#ETF|](https://blog.syzgroup.com/syz-the-moment/tag/etf) [#bitcoin](https://blog.syzgroup.com/syz-the-moment/tag/bitcoin) ![Bitcoin is back to the lower end of this range](https://blog.syzgroup.com/hubfs/10-Jun-25-2024-01-52-14-2539-PM.jpg) ![Bitcoin is back to the lower end of this range](https://blog.syzgroup.com/hubfs/10-Jun-25-2024-01-52-14-2539-PM.jpg) ❮❮ [❮](https://blog.syzgroup.com/syz-the-moment/tag/etf/page/15) [14](https://blog.syzgroup.com/syz-the-moment/tag/etf/page/14) [15](https://blog.syzgroup.com/syz-the-moment/tag/etf/page/15) [16](https://blog.syzgroup.com/syz-the-moment/tag/etf/page/16) [17](https://blog.syzgroup.com/syz-the-moment/tag/etf/page/17) [18](https://blog.syzgroup.com/syz-the-moment/tag/etf/page/18) [❯](https://blog.syzgroup.com/syz-the-moment/tag/etf/page/17) [❯❯](https://blog.syzgroup.com/syz-the-moment/tag/etf/page/27?hsLang=en) ## **Thinking** out loud Sign up for our weekly email highlighting the most popular posts. 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