ETF Inflows & Outflows
Performance Leaders & Laggards
Source: ETF Action; flows and performance data as of 10/17/24; performance data excludes leveraged and inverse products
Weekly ETF Reads
What’s the Decade’s Most Successful ETF Launch? by Aniket Ullal
“Many of these ETFs were successful because they won in a category that offered something new to investors.”
China ETFs Join Cathie Wood’s as Biggest Wealth Destroyers in US by Ye Xie and Isabelle Lee
“An ETF may have a positive, say 100%, return, over 10 years, but if most investors buy at the top, they could still suffer steep losses.”
Pushing the envelope in ETF innovation by Ari Weinberg
“Such barrier-breaking ETF filings seek to dispel the narrative that ETF innovation is slowing.”
Investor group warns SSGA-Apollo ETF filing ‘raises red flags’ by David Isenberg
“The existence of a private agreement between two parties does not transform inherently illiquid assets into liquid assets.”
CLOs Are So Hot Right Now, They’re Getting ETF’d by Vicky Ge Huang
“We think that CLOs fit the bill, especially within a wrapper like ETFs where you have greater transparency about what’s owned.”
Why 401(k) plans are the ‘final frontier’ for exchange-traded funds by Greg Iacurci
“There are also entrenched payment and distribution arrangements in mutual funds that ETFs can’t accommodate.”
ETF Tweet of the Week
What’s old is new again. You may recall that the SEC’s Twitter (or X) account was hacked back in January, with the below gem causing quite a stir for those of us following the spot bitcoin ETF saga. Well, the culprit behind that hack was recently arrested. The U.S. Attorney’s Office, District of Columbia:
“Eric Council Jr., 25, of Athens, Alabama, was arrested this morning, in Athens, in connection with a January 2024 unauthorized takeover of the U.S. Securities and Exchange Commission’s (SEC) X account, formerly known as Twitter, in which hackers posted a fake message from the SEC Chair that caused the value of bitcoin (BTC) to spike by $1,000.”
Spot bitcoin ETFs… the story that keeps on giving.
ETF Chart of the Week
This week’s chart, courtesy of ETF maestro Todd Sohn, shows the growth of actively managed ETFs by percentage of total industry flows and assets. The simple trend here is “up and to the right”.
Source: Strategas’ Todd Sohn
Thinking Crypto Podcast
I recently had the pleasure of joining Host Tony Edward on the Thinking Crypto podcast. We discussed the potential impact of options trading on spot bitcoin ETFs, the prospects for XRP and Solana ETFs, the political environment surrounding crypto, and much more. Enjoy!
(Note: If you’re looking for additional crypto content, I will shamelessly plug my new podcast Crypto Prime! This week’s guest was Will Peck, Head of Digital Assets at WisdomTree.)
