Goldman on gold's Tuesday flush:
"The best answer we have for the largest % move in 10 years is (simply) positioning, and that we’ve rallied for 9 consecutive weeks. The ease of trading an ETF for quick exposure has been on full display; as of [Tuesday's] close $GLD accounted for 8% of all notional US-listed ETF volumes, its largest share of activity in our dataset. Flows on the ETF desks skewed (unsurprisingly) strongly better for sale today". Source: Neil Sethi
The Gold ETF ended yesterday's session at its most overbought level on record (monthly RSI). Today it is down 4%
$GLD Source. Charlie Biello
Leveraged ETFs now have almost $160 Billion in assets, a new all-time high 🚨🚨
Source: Barchart
SPDR gold ETF $GLD went crazy yesterday, seeing $12.5b in volume, easily most in decade
(for context that's more than most of the Mag 7 traded). Only other time it's been that high was in 2013 during the Greek debt crisis h/t @Todd_Sohn Source: Eric Balchunas, Bloomberg
BlackRock's spot Bitcoin ETF is now their most profitable ETF
Source: Bitcoin magazine
Bitcoin Spot ETFs have now bought over $60 BILLION Bitcoin since launch
Source: Bitcoin Archive
IBIT Zero Date Option Covered Call ETF launching today.. $BITK
Source: Eric Balchunas, Bloomberg
Another month, another all-time record for ETF (aka tokens with benefits) launches w/ 74.
Total launches this year are now 55% ahead of last year’s record pace and likely headed towards 1,000 or 4/day. Head spinning. Chart via @SirYappityyapp Source: Eric Balchunas, Bloomberg
