The S&P 500 ETF, $SPY, just saw 9 consecutive days of money inflows, the longest streak since 2014.
Investors have poured $18 billion into $SPY over these 9 days as post-election buying continues. Since 2000, $SPY has only seen 4 streaks with 9 to 10 straight days of inflows: in 2007, 2013, 2014, and 2016. Massive inflows supported the 5%+ run in the S&P 500 following the election. Over the last 13 months, the S&P 500 has now added more than $15 TRILLION of market cap. Source: The Kobeissi Letter, Goldman Sachs
All time high in notional turnover for iShares bitcoin ETF $IBIT yesterday at $5.4B
Source: Bloomberg
JUST IN: 🚨BlackRock’s Bitcoin ETF has hit $40 billion in assets in a record time 🚀 The most successful ETF launch ever
Source: Bloomberg, Bitcoin Magazine
FLOWMAGEDDON: A Trump-inspired gusher of cash is flowing into risk-on ETFs, +$22b in one day is absurd, that is normally a good WEEK.
YTD net flows now +$856b, (55b away from annual record) and the rolling 1-year has passed $1T Source: Eric Balchunas, Bloomberg
$IBIT iShares Bitcoin ETF just had its biggest volume day ever with $4.1b traded..
For context that's more volume than stocks like Berkshire, Netflix or Visa saw today. It was also up 10%, its second best day since launching. Source: Eric Balchunas, Bloomberg
JUST IN: US Bitcoin ETFs now hold over 1 million BTC
Source: Bitcoin magazine on X
Eric Balchunas on X:
"$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
