Live · updated 5 minutes ago · 74 stories in 24h
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How stories reported by Eric Balchunas ended up labelled, and how often it had them first.
Flow and on-chain data. It confirms transfers and flows. Trust weight 80/100. A label describes how a story was sourced overall, not a verdict on Eric Balchunas. How labels work
Eric Balchunas relays that at a recent ETF conference an issuer said it is considering filing an ETF that tracks Pokémon cards, and he argues collectibles could be the next frontier for ETFs.
Eric Balchunas says Corgi wants to be the Wal-Mart of ETFs and that he interviewed Jeff Weniger, who joined Corgi from WisdomTree, about the firm's strategy and plans.
Eric Balchunas writes that CLO ETFs' immunity to rising rates is likely to increase their growth, while noting that rising rates raise borrowers' funding costs and could increase credit risk. He adds that the US economy remains relatively firm and that JAAA holds the highest-quality CLO tranches.
Eric Balchunas reports that the Brazil ETF's weekly flows reached about $2b, its biggest week in 25 years, after election results favored a center/right government. He adds it ranked 4th overall in weekly flows behind $VOO and others.
Eric Balchunas recalls that $UWTI once traded more than Exxon during a volatile oil stretch and says it is about to be resurrected.
Eric Balchunas announced that his and @JSeyff's book has arrived and has an official release date of Nov 10th, with pre-orders available now.
Eric Balchunas says Cinthia discussed multi-factor ETFs, which he says are crushing flows, and why to look at buyback ETFs in an AI Capex era.
Winklevoss Asset Services filed for a spot Zcash ETF under ticker WINK with Gemini as custodian and a 0.25% fee, according to The Block. Other outlets report the fund would hold ZEC directly and trade on Nasdaq, with Winklevoss Capital affiliates indicating interest in up to $100 million of shares.
ZEC
−0.35%1h
0.3σ
Eric Balchunas reports that Betterment is waiving its platform fee through the end of 2028 for new Fidelity RIA firms that add Betterment as a custodian, noting Fidelity recently raised minimums on advisors.
Eric Balchunas (onchain) states that WisdomTree is choosing a Texas exchange for one of its ETFs.
Eric Balchunas says an ETF IQ session at Noon will feature Invesco ETF CEO, Corgi's new ETF hire from WisdomTree, VettaFi's Cinthia Murphy and Roundhill's Drew Petit to discuss a novel new S&P 500 Target 10,000 2030 ETF.
Eric Balchunas reports that Gentherm $THRM has risen to the top of the Blue Horseshoe score, with 11 active ETFs initiating positions and none selling. He attributes the move to a possible spin-off merger completion, though he is not certain.
Eric Balchunas reports that the Brazil ETF $EWZ rose 12% overnight after stronger-than-expected results for Bolsonaro and other right-wing candidates, and that it did a record $8b in volume the following day.
Eric Balchunas reports that about half of bond ETFs are posting negative one-year returns, though far from 2022 Fed hike levels, and that ETF arbitrage bands have stayed tight with no premium/discount issues despite the shift and higher volume.
Eric Balchunas states that bond mutual funds had a second consecutive week of outflows, while fixed income ETFs have taken in enough cash to offset them. He warns that a bond mutual fund halting redemptions could be an early sign of stress.
Eric Balchunas (onchain) claims the $USFR floating rate ETF took in $800m on Friday, its biggest one-day flow ever, which he attributes to its price chart.
Eric Balchunas (onchain) posted that the SEC appears to have approved a 3x Bitcoin ETP along with 3x Ether, Gold, Silver, Oil and Nat Gas products under the 33 Act, calling it a big win for VolatilityShares.
Eric Balchunas says Canary just amended its Pepe ETF filing, which he argues is another sign crypto winter has ended. He adds that launching a Pepe ETF would not have been considered a few months ago and that it now feels safer to test the market.
Eric Balchunas states the S&P 500 is about to hit a new all-time high while 75% of its stocks trade below their 50-day moving average, calling such breadthless highs increasingly normal.
Eric Balchunas (onchain) claims Turkey wants investors who made large market gains to gift excessive returns to other investors who lost $20b in funds with Ponzi-like schemes that are being liquidated.
Eric Balchunas (onchain) states that Amphenol had 82 buyers and just two sellers, calling it about as big a ratio as you'll ever see.
Eric Balchunas states that Schwab will dual list on the new Texas stock exchange, which has also attracted a few ETFs.
Eric Balchunas says Bloomberg published a Q&A article on Blue Horseshoe, describing a tool that lets investors see active management's playbook.
Eric Balchunas reports that Morgan Stanley is closing the Calvert Diversity, Equity and Inclusion ETF (CDEI), describing it as another ESG ETF shutting down.
Eric Balchunas states that money market mutual funds grew from $4t to $8t over the past three years, yet their percentage of the US stock market is falling and near all-time lows.
Eric Balchunas claims $BIL is outperforming 87% of bond ETFs this year and 83% over five years, and that money market funds hold $8t in AUM with inflows unlikely to leave until rates fall below 3%.
Eric Balchunas (onchain) reports that Defiance has filed for Convexity and Ultra Convexity ETFs based on growth stocks, $DRAM and semis.
Eric Balchunas says bitcoin ETF lifetime cumulative flows are getting close to a new high water mark, which he calls astonishing given the past 11 months.
BTC
−0.86%1h
2.4σ
Eric Balchunas says bitcoin bears are demoralized because ETF flows have returned to former glory and price grinded higher despite negative sentiment, Clarity failing and rising yields. He frames this as his read on the situation.
BTC
−0.86%1h
2.4σ
Eric Balchunas (onchain) states that a new stablecoin function called RWAS<GO> launched today on the terminal, powered by on-chain data from Allium, tracking supply, mints and burns, transfers, and velocity across 70+ stablecoins and chains, updated hourly.