Eric Balchunas
@EricBalchunas
Senior ETF Analyst for @Bloomberg. Dad. Rutgers grad. Gen X-er. Author of "The Institutional ETF Toolbox" & "The Bogle Effect.” Co-host of Trillions & ETF IQ.
For real though I busted my butt over past 2yrs writing a deep yet colorful dive into the impact/story/future of Vanguard intertwined w character study of Bogle feat exclusive intvs w him and 50 other ppl incl Buffett, Micheal Lewis et al. Check it out: amazon.com/Bogle-Effect-V…
Nice look at ann hedge fund flows (and asset growth from their holdings appreciating). They’ve basically netted out to zero flows for past few years (vs $3-4T for ETFs). That said, they held up better that MFs which are bleeding out quickly. This is why there’s so many ETF…
Chart from my colleague @AEWilliamsNYC on hedge fund flows & performance. Like most of the non-passive asset management world, growth heavily driven by markets/performance. Data is from @HFR
“Sir these aren’t small potatoes” *quickly grabs paper puts in pocket* “Well, we’ll take a look”
Bloomberg guys marveling at both $BTC and $ETH ETF inflows. @JSeyff @EricBalchunas
American Eagle went up like 20% bc of this. What a country. 2x AEO ETF filing incoming in 3.. 2.. 1..
Yea… American Eagle is about to go vertical. $AEO
This is really interesting.. the biggest multi-investor 351 exchange meaning numerous parties joined together to convert into ETF to ease tax burden.
It's official: The Alpha Architect U.S. Equity ETF (AAUS) is now live. $445M AUM at launch. Built to help consolidate appreciated portfolios via a syndicated 351 exchange. Read the full press release to learn how the structure works and what makes AAUS different by design.…
If you live inside media bubble it probably is a mystery bc it's 95% negative headlines since late Jan, but for everyone else they 1) have given up trying to time mkt 2) are married to cheap index funds 3) find the US to be the place w best cos/most growth = Stocks are up. You're…
This might be my favorite mainstream financial media headline ever… I’m serious. Nobody. Knows. Anything.
NEW: More positive signs regarding Bitcoin & Ethereum ETFs obtaining the ability to do in-kind creation and redemption 5 different funds on CBOE filed amendments with the SEC. This indicates to me that there is positive movement and likely fine tuning happening with the SEC
Got my copy, excited to read it. Congrats to @dollarsanddata on his latest book!
My book, The Wealth Ladder, is now available: geni.us/wealthladderha…
8 months ago, on election night, we were on top of the world after Polymarket called the election. 8 days later, the FBI broke down my door at 6am and took all my computers and phones, looking for anything that could imply foul play. While traumatic, it etched the story of…
Two things on this… 1) Yes, I’m *highly* aware that Vanguard holds MSTR *on behalf* of its fund investors. Obviously. 2) I’m also very aware that Vanguard *has* to hold MSTR to properly track various indices. But if you don’t see the irony here, I don’t know what to tell you.
Here's a good one for you... *Vanguard*, via its funds, is now the single largest shareholder of Strategy. Still can't buy spot bitcoin ETFs on their brokerage platform. via @VildanaHajric
JUST IN: BlackRock's spot Bitcoin ETF is now the company's most profitable ETF, Bloomberg reports.
Feeding frenzy in $IBIT today, 3rd most traded ETF today after $SPY and $QQQ (normally it's 15-20th spot). While we on topic of punching above weight, check out all the leveraged semi conductor ETFs. Wow. Degens are out in full force today.
It really is brain breaking when you stop to ponder it. IMO it’s similar to Jack Bogle creating the biggest fund co in U.S. 2x over yet not being in top 1000 richest Wall St-ers but on another level bc of the anonymity and scale. It’s nuts.
There’s a very real chance that at some point the richest man in the world will be an unknown coder who holds 1.1 Million Bitcoin under the pseudonym “Satoshi Nakamoto”. Worth $133 Billion today. Now #11 on the Forbes billionaire list.
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JUST IN: 🇺🇸 Grayscale files confidentially for US IPO with SEC.
Europe isn't Dead it's just that investors are allocating wrong.. most of the growth is from emerging and small countries which isn't captured by big cap weighted ETFs and is why US invs and is why they aren't biting on Europe's outperformance this year. Equal weighting would…
