My favorite ETF reads over the past week, along with my ETF tweet and chart of the week!
“And this is what’s great about ETFs – the space is filled with radical thinkers.”
“When it comes to doing your homework on index funds, understanding index construction is indispensable.”
“The logjam is a product of pent-up demand for Bitcoin exposure in an ETF wrapper.”
“We could see more than $900 billion of net inflows in 2021, which would nearly double the prior record set in 2020.”
“A spot bitcoin product is really the final destination.”
ETF Tweet of the Week: Two congressmen sent an open letter to SEC Chair Gary Gensler laying out the case for a spot bitcoin ETF. I must say, even I’m impressed…
Today I sent a letter to @GaryGensler with my @blockcaucus co-chair @RepDarrenSoto about Bitcoin ETFs. It doesn’t make sense that Bitcoin futures ETFs are allowed to trade but Bitcoin spot ETFs are not. pic.twitter.com/k1WTF0HA0U
— Tom Emmer (@RepTomEmmer) November 3, 2021
ETF Chart of the Week: ETFs took in $82 billion in October, the 12th month in a row with more than $40 billion of inflows. Stock ETFs led the way with $60 billion last month, their 5th-most ever. As a matter of fact, stock ETFs have taken in $539 billion this year, which exceeds the annual record for all ETFs! Unsurprisingly, the trailing three month stock-to-bond ETF flow difference has crossed above the 80th percentile, which indicates bullish investor sentiment.
Source: State Street’s Matt Bartolini