My favorite ETF reads over the past week, along with my ETF tweet and chart of the week!
“I expect every crypto ETF will want (or need) to own it at some point.”
“ETFs continue to attract more assets with big inflows this year, and big inflows attract reasons to list more ETFs.”
“Innovator made a name for themselves giving regular investors patterns of returns that normally have only existed in fairly arcane structures, like structured products.”
“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.”
“Vanguard ETF launches are a relative rarity among the top asset managers.”
“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.
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