The top 3 ETFs by weekly flows are all semiconductor ETFs.. that's def a first. Semi stocks' selloff/vol was like chum in water for degen traders who piled into it prior to the 7% bounce (24% for SOXL) and are now beginning to take some profits (1D outflows)

Morgan Stanley Ether and Solana ETFs are launching today.. both charge 0.14% instantly making them the cheapest in each category. Their bitcoin ETF is up to $400m in 4mo despite launching in middle of winter. Good sign.

SEMI (literally in this case) SHOCK: $SOXX took in $5.4b yesterday.. which is 4x the old record for a daily flow. Almost def a model or big inst.. meanwhile the 3x SOXX took in $1.2b all in all $7.1b into long side Semi ETFs yest. My guess is ppl were waiting for a dip to enter (it has been down 16% in past two weeks)

This is the tough love coiners need rn IMO. Gotta kick the dependency on narratives and intermediaries. Get back to the basics. Censorship resistant. Store of value. One of the only easily accessible things govts can’t debase into oblivion.

I published a note today that I've been thinking about for months.. About how the US stock market has arguably become too big and too imp to fail.. It's basically America's retirement fund now and poss even the savior of social security which is expected to run out of money in less than 10yrs -Curr 55% of ppl own stocks, by far most in world. And w/ Trump Accounts bringing in 28 million add'l americans into stock ownership the vast majority of ppl (incl Top 1% (who own HALF of stock mkt), middle class and lower income) will have financial interest in the health of stock mkt and they're all voters = the political pressure to keep stocks out of a prolonged bear market is going to be very powerful. -As such I think there's good chance the Fed will buy equity ETFs in the next major downturn to support market and it will be common practice going fwd. China and Japan already do this. They may even target certain sectors or Capex cos with the purchases. -This is a massive variable that I feel like is a blind spot among the experts out there and why the bears get run over time and time again altho I think investors are onto it as evidenced by the persistent flows into ETFs during pullbacks as well as a survey of 1000 ppl showing 3/4 of them are confident the Fed will bail out markets in next crisis. -This is just one byproduct of the 'Nothing Stops This Train' monetary supply explosion and debt extravaganza sweeping the world but esp in US which at this point feels irreversable.. Thoughts? lol

$SPCX ended up doing $85b in volume. Gargantuan number. Easily a record for an IPO and in the Top 10 all time for any stock on any day. For context, it's more volume than Apple has ever done in 40yrs. Nice job @StevenUhey he guessed the closest of anyone in my replies with $69b.

'This cycle bitcoin is a 40 vol asset, last one it was 60 and time before that it was 80' - Jim Ferraioli, Schwab's Dir of Crypto Research on btc getting more chill despite recent bear mkt, says it's suffering from strong momo elsewhere (AI, stocks). Also said 20% of the spot bitcoin ETF assets are via Schwab clients (I did not know that) w/ Ric Edelman on stage at DACFP.

Confirmed.. 29 million share trade ($1.3b) of $IBIT executed at 1030am this morning. This screen shows all the IBIT trades today by size and you can see one of these is not like the others. Price unchanged today so mkt absorbed it well.

Very cool to see the hosts talk about and reference The Bogle Effect, and they are right to be blown away IMO this man and that co has/will had a bigger impact on investing than anything else. The bogle effect is everywhere: active, passive, ETFs, cost, behavior, advisors. The dude was like an anomaly in physics and quite the character.

ONE DAY: that's the new record for time between between an new IPO and 2x ETF tracking it. LeverageShares' 2x $CBRS launches tmrw, a mere 24hrs after the IPO today which saw it jump 75% on $10b in volume (more than MSFT). What a country.. h/t @Todd_Sohn

Just my two cents: $ARKK is up 322% since launch, 13% ann. Better than Fidelity Magellan, but worse than $QQQ. IMO Cathie has a good eye, she was smart enough to buy Nvidia, Bitcoin and Tesla and a few other powerhouses 10yrs ago AND smart enough to put her strategy in an ETF way bf it was cool for active. More legit critique is her rebalancing strategy. Had right picks but didn't let winners run, is always trimming studs and adding to duds to keep weightings. Also, some of her 5yr type predictions were a little over the top, unnecessary IMO. But the fact is gets invited on TV/panels bc she has stong opinions about stocks, future technology, with skin in game, and is the head of co (who tend to be more interesting vs ppl in middle who are put 'on message' ("listening to clients") by PR ppl). *immediately mutes conversation*

JPMorgan filed for a tokenized money market fund. Big deal bc JPM inching further into crypto and big deal bc fee is pretty low 16bps for a stable NAV (imposs to do in ETF). Cheaper than most money funds altho Vgrd’s is like 11bps. Great scoop from @isabelletanlee

This is interesting. It *appears* Roundhill is close to launching a 2x $DRAM ETF despite not filing for one. They may be changing the name/ticker of a never-launched but effective 2x Meme ETF (YEET- great ticker btw). That’s IF the below screen shot is real. We couldn’t find it in filings. But $RAM is on DTC (which typically means it’s happening). If this is true, man what a maneuver as this is near lock to be a hit. But there’s 3-4 other ones curr waiting to go effective.

OPTIONS APPROVED: SEC has just granted accelerated approval for the listing and trading of options on $IBIT. Here's the full approval. h/t @News_Of_Alpha