ETF Inflows & Outflows
Performance Leaders & Laggards
Weekly ETF Reads
4 ETF Trends That Shaped 2023’s First Half by Aniket Ullal
“The midpoint of 2023 was marked by a strong performance in the U.S. equity market and a risk-on investor mentality characterized by optimism around bitcoin-themed and growth-oriented technology ETFs.”
BlackRock fires opening salvo in US buffered ETF price war by Emma Boyde
“BlackRock’s product will be more attractive than its competitors, because of the reduced fee.”
Growing at hockey stick clip –$17 billon AUM in past 18 months of net new assets– Avantis is launching ‘one-stop shops’ for RIA clients’ kids — after trial balloon grew to quick $200 million by Brooke Southall
“Virtually all assets come through RIAs, both a good distribution strategy and a way of being sure people understand how they fit into an investing strategy.”
‘Star’ fund managers jump into ETF space by Steve Johnson
“The pendulum has swung to active ETFs away from traditional active mutual funds and it doesn’t look like it’s coming back.”
The Long and Arduous Road Towards a US Spot Bitcoin ETF by Matt Kunke & Brian Rudick
“Despite a decade-long path riddled with rejection, optimism for a US-listed spot Bitcoin ETF has returned in the wake of several prominent developments.”
Bitcoin Price Rally Puts Focus on Futures Spread That Underscores Need for Spot ETFs by Omkar Godbole
“This generally points to why a spot bitcoin ETF would be superior for most investors vs. a futures-based ETF.”
ETF Tweet of the Week
This past week marked 10 years since the Winklevoss twins filed for the first spot bitcoin ETF. Ten years and… Still. No. Spot. Bitcoin. ETF. The good news? BlackRock CEO Larry Fink is apparently now on board with the idea.
ETF Chart of the Week
Speaking of spot bitcoin ETFs, Bloomberg’s James Seyffart provides the current state of play in the recently invigorated race (note ARK’s final deadline date is actually 1/10/24). Shameless plug: James, VettaFi’s Dave Nadig, and I did a full deep-dive into the entire spot bitcoin ETF race on this week’s ETF Prime (quick recap here via Blockworks’ Ben Strack). I’d also be remiss if I didn’t mention The Block’s Frank Chaparro, who wrote a nice piece (including some thoughts from yours truly) on the potential competitive dynamics if these ETFs are finally approved.
