My favorite ETF reads over the past week, along with my ETF tweet and chart of the week!
ETF investors say Coinbase listing will cause explosion in crypto investing by Bob Pisani
“I expect every crypto ETF will want (or need) to own it at some point.”
Record Number of ETFs Launch Into Industry Deluged With Cash by Claire Ballentine
“ETFs continue to attract more assets with big inflows this year, and big inflows attract reasons to list more ETFs.”
Double Or Triple Your Stock Gains Easily With These ETFs by Matt Krantz
“Innovator made a name for themselves giving regular investors patterns of returns that normally have only existed in fairly arcane structures, like structured products.”
Handicapping 1st US Bitcoin ETF Race by Drew Voros
“The SEC may not be happy with GBTC if something bad happens, but they’ll be unhappier if they explicitly approve a bitcoin ETF and something goes wrong.”
Meet Vanguard’s Likely Sole ETF Launch in 2021 by Todd Rosenbluth
“Vanguard ETF launches are a relative rarity among the top asset managers.”
JPMorgan Says Bitcoin ETFs Could Shrink CME Futures Premium by Omkar Godbole
“Launching a bitcoin ETF in the U.S. will be the key to normalizing the pricing of bitcoin futures.”
ETF Tweet of the Week: Investors were watching for which ETFs would be the first to own recently listed shares of Coinbase (COIN), the largest crypto exchange. Unsurprisingly, Cathie Wood and ARK Invest immediately jumped in and, in fact, continued purchasing COIN throughout the week.
Wow, a 3 $COIN buy day in $ARKK $ARKW and $ARKF plus a little selling of $ICE
With all the swings ARK probably spent somewhere between $250mil-$325mil on the positions
This will land it at 44th weight ranking in ARKK, 40th in ARKF, and 48th in ARKW pic.twitter.com/rBAJ350wKN
— Cathie’s Ark (@cathiesark) April 15, 2021
ETF Chart of the Week: Strategic (or smart) beta ETF market share gains have flat-lined in recent years due to a combination of product oversaturation, underperformance, and the rise of actively managed and thematic ETFs.
Source: Morningstar’s Ben Johnson
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