Eric Balchunas(@EricBalchunas):Check out the weekly returns for $BWET over the past 12 weeks, an unprecedented run. And btw it was up 1300% BEFORE this run started. And yet no one cares. It ranks #1 in returns but is 1,018th in flows. And there's clearly no shortage of hungry degens so what gives? I went full Sherlock Holmes today in a note to try and explain why..

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.

Joined May 2010

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Eric Balchunas@EricBalchunas

2026.09.17 12:24

Check out the weekly returns for $BWET over the past 12 weeks, an unprecedented run. And btw it was up 1300% BEFORE this run started. And yet no one cares. It ranks #1# in returns but is 1,018th in flows. And there's clearly no shortage of hungry degens so what gives? I went full Sherlock Holmes today in a note to try and explain why..