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
Bitcoin ETFs have crossed $20b in total net flows (the most important number, most difficult metric to grow in ETF world) for first time after huge week of $1.5b.
For context, it took gold ETFs about 5 years to reach same number. Total assets now $65b, also a high water mark. Source: Eric Balchunas, Bloomberg
The Kraneshares CSI China Internet ETF $KWEB took in $700m on Wednesday, its biggest inflow ever
Source: Bloomberg, Katie Greifeld
Bitcoin ETF inflows are back and this time no offsetting GBTC outflows
Source. zerohedge
