We will know about the Grayscale SEC outcome TODAY at around 11am EST (Grayscale Bitcoin Trust has filed to convert its Trust into spot bitcoin etf)
Only a small fraction of cases have taken longer to get decision. So odds are pretty good. See below: Source: Bloomberg, Eric Balchunas
Energy continues performing very well. The $XLE (energy stocks etf) is breaking above big levels, and the 50 day is crossing the 100 day...while the crowd gave up on energy longs at recent lows
Source: TME
The evolution of fixed income ETFs in one picture...
This chart really shows off how far things have come in 20 years and how far the ETF industry goes with an asset class. Source: Todd Sohn thru Eric Balchunas
Michael Burry top holdings are two Chinese ADRs at the time the $KWEB etf is starting to outperform $QQQ
Source: The Long Investor
The fact that Retail investors are rapidly buying the iShares 20+Year Treasury Bond ETF (TLT) - despite the bond bloodbath - could mean that the sentiment is far from being oversold
From a contrarian perspective, this is NOT a positive for long-dated bonds. Source: The Daily Shot, Bloomberg, VandaTrack
The top 3 country ETFs in 2023:
1) Nigeria $NGE: +48.3% 2) Greece: $GREK: +47.5% 3) Argentina $ARGT: +38.7% Source: Charlie Bilello
There is now a huge divergence between semiconductors share price index and semis monthly sakes
Source: Mac10
‘SPDR S&P Semiconductor ETF’ has the highest 10-year returns at 24%.
They are closely followed by BlackRock’s 'iShares Semiconductor ETF’ at 23.3%. There is a clear pattern here where semiconductor and technology ETFs have achieved the highest returns over the last 10 years. Source: Genuine Impact