Eric Balchunas

Eric Balchunas


Senior ETF Analyst for @Bloomberg Intelligence. Tired Dad. Rutgers Alum. Gen X-er. Catch me on “ETF IQ” on @BloombergTV & “Trillions” on iTunes.

57380 followers  •  2384 follow  •    •   https://t.co/J79h0H0niK

Citi predicting ESG ETFs in US will have $1T aum by 2030. That's a LONG time and bull mkt subsidy is big variable, so maybe? but I'll take under bc IMO ESG exclusion ETFs overestimate ability to replace a $VOO etc. But am bullish clean energy as theme bc can compliment $VOO etc

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Happy 420 to $TOKE, a Top 5 ETF ticker and the first and only fund to make its expense ratio part of the actual theme lol

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$QQQJ cleaning up at the ETF awards. Has won 3 (best new etf, equity and index of year).

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Day One of the Canadian Ether ETF Derby ($volume): 1. $ETHX (Galaxy): $21M 2. $ETHH (Purpose): $19M 3. $ETHR (Evolve): $3M (notes: this is about 1/5th what bitcoin ETF did on Day One. also, day one volume is largely buying so most will convert to assets.)

Canada has given some insight into how US will work. What we know is: 1. bitcoin rules 2. crypto etps will break all kinds of records 3. if approve many at once, the popularity/built-in audience of brand (not fee etc) will decide winners/losers.

It's also interesting that Galaxy (which is a crypto operation, not an ETF co per se) is pulling away. It shows this category could go to the most crypto-familiar name vs etf familiar name. Man, the US race is going to be FASCINATING.

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STUNNING: The Canada Bitcoin ETF $BTCC already has collected $421m in assets first two days (crushing our estimate). Proportionally speaking it is the equiv of a US ETF taking $8b in first two days. If it were to keep up this pace it will be the biggest ETF in Canada in 20 days.

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THEY DID IT: $GME was the most traded equity on the planet today w/ $20b in volume, more than $SPY, $AAPL and even the Mighty $TSLA. Surreal.

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NEXT LEVEL: $TSLA just obliterated the all-time volume record for an equity w/ $148b worth of shares traded today, beating $SPY's $118b high water mark set during March chaos. For perspective, $MSFT trades about $5b/day.

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Btw here's the top holders of $SLV. Not to be a party pooper, but it's pretty Wall Street-y.

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$SLV took in almost a BILLION dollars Friday, nearly double the old record for this 15-yr old ETF, after being targeted by WSB as way to go after the banks..

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$TSLA traded an unbelievable $62b worth of shares today, that's more than the 10 next most active stocks combined and double $SPY. Outside of "Inclusion Day" (which was arguably shouldn't count) I think this is all-time record for a stock.

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The Robinhood Effect in one glorious chart via @NateGeraci 

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ARK bought the crap out of $COIN today. Put it in 3 ETFs: $ARKK $ARKF and $ARKW.

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