What a year for ETFs ‼️
ETFs crack $800b in YTD flows, that's a $5b/day pace. That puts them on pace to hit about $1.2T this year, a new record. Source: Bloomberg, www.zerohedge.com
‼️ For the first time ever
There are now more ETFs in the United States than total number of stocks, data compiled by Morningstar shows - Bloomberg. ~4,300 - Total number of ETFs. ~4,200 - Total number of stocks. Source: Bloomberg, ETF Tracker
Index investing vs active management
Source: Brian Feroldi
Gold ETFs Breach 92 Million-Ounce Threshold
Bloomberg's measure of total gold ETF holdings jumped to a two-year high. At 92.7 million ounces on Aug. 15, my graphic shows this metric surpassing the 92 million threshold first reached in 2020, but with a big difference - stock market volatility was rising then. Source: Mike McGlone, Bloomberg
It is often a very good sign when you see strong momentum & trend in a sector / segment of the market while fund flows are lagging.
This has been the case for gold miners (e.g VanEck Gold Miners ETF $GDX) - see chart below. We've seen the first significant inflow in the GDX in the last six months. Despite the great GDX performance of 45+% during this period, six-month net flows are still very negative at -$2.54B. 🪙👇 Source: Oliver Groß @minenergybiz
🔴 US President Trump says he is looking at reclassifying marijuana.
The weed stocks and AdvisorShares Pure Cannabis ETF ($YOLO) surged yesterday. ▶️ President Donald Trump said Monday his administration was “looking at reclassification” of marijuana and intends to make a decision in the upcoming weeks. ▶️ “It’s a very complicated subject base,” he said during a press briefing. “I’ve heard great things having to do with medical and bad things having to do with just about everything else.” ▶️ His comments come after a Friday Wall Street Journal report indicated Trump was considering reclassifying the drug as less dangerous. Source: Markets & Mayhem, Politico
Ether ETFs See Record $1 Billion Inflows
👉 Inflows into Ether ETFs far exceeded those of their Bitcoin counterparts, which saw a net inflow of $178 million on Monday, according to Farside Investors. 👉 CoinTelegraph's Tarang Khaitan reports that for the Ether funds, BlackRock's iShares Ethereum Trust ETF (ETHA) attracted the lion’s share of flows, with a record $640 million going into the fund. 👉 The Fidelity Ethereum Fund (FETH) was the runner-up and also recorded its largest single-day inflow, taking in $277 million. Source: zerohedge, Bloomberg
Out of all the 1,300+ ETFs that launched since the start of 2024 here are the top 20 that have gotten the most inflows
👑 $IBIT - iShares Bitcoin ETF 🥈 $FBTC - Fidelity Wise Origin Bitcoin Fund 🥉 $ETHA - iShares Ethereum ETF 4. $MSTY - Yield Max MSTR Option Income ETF 5. $SMBS - Schwab Mortgage Backed Securities ETF 6. $JMTG - JP Morgan Mortgage Backed Securities ETF 7. $QQQI - NEOS Nasdaq 100 High Income ETF 8. $ULTY - YieldMax Ultra Option Income ETF 9. $SBIL - Simplify Government Money Market ETF 10. $VBIL - Vanguard 0-3 Month Treasury Bill ETF Source: ETF Tracker @TheETFTracker thru @NateGeraci
