My favorite ETF reads over the past week, along with my ETF tweet and chart of the week!
“The stars are aligning right now for the ETF industry to a) evolve very quickly and b) take in flows.”
“U.S.-listed ETFs gathered $900 billion of new money with two weeks of trading left in the year, continuing to obliterate the prior record of $504 billion set in 2020.”
“When it comes to tax-loss harvesting, you can easily replace an ETF you own for the purposes of tax-loss harvesting, without losing your desired exposure.”
“This simplicity and security, more than anything else, may be why so many advisors feel like true spot cryptocurrency ETFs are going to be worth the wait.”
“BITS just seems like it’s one of those ETFs that could be palatable enough to an advisor given that small roll cost, but at the same time have more kick than a blockchain stock ETF.”
“I forecast ETFs doing nothing more but exploding in interest.”
“There’s plenty of room for this industry to grow.”
ETF Tweet of the Week: Bitcoin futures ETFs have been out in the wild for about two months and… well, they are who we thought they were.
The first #Bitcoin futures ETF — $BITO — is trailing spot by 2.34% with just about two months of data. Extrapolating that out: it will underperform spot by 13-14% in it's first year… pic.twitter.com/2saAfp20u0
— James Seyffart (@JSeyff) December 22, 2021
ETF Chart of the Week: The “Big Three” ETF issuers control approximately 80% of the ETF market. However, the composition of that market share is evolving as Vanguard continues methodically vacuuming-up investor dollars.
Source: Michael Batnick