Eric Balchunas (@EricBalchunas) started following @RutgersMBB on Oct 18, 2024

Final from our Exhibition https://t.co/qnKpGsojOC

RT @caleb_mcco: RRRRRRUUUUUUU😂😂 ❤️❤️

New filing with a whole slew of new hedge fund ETFs from Unlimited, @BobEUnlimited's firm https://t.co/72kUoWNPZR

Whoever said $32k or thereabouts you win! To be specific he said as dealer he would buy it from you for $31.4k

🔥

Can anyone guess the value of this big bar of silver? One of the booths at the MoneyShow has it on display, it’s heavy af, hard to lift w two hands. https://t.co/VEJrrRWdD0

They finally caught the guy behind the infamous fake SEC ‘ETF approval’ tweet. He lives in Alabama.

At the Orlando ⁦@MoneyShow⁩.. if you’re here come check our our BI panel discussion this afternoon w/ ⁦@mikemcglone11⁩ and Talon Custer https://t.co/Pj7rSdCbOO

Totally. This is a call we got right, DI can serve some certain purposes but it was crazy overhyped about 5-8yrs ago, we pushed back, ETFs' value proposition is just too damn strong.. https://t.co/diVlNuNzWY

How does an issuer defend itself against the Vanguard Effect? But using derivatives, which is what almost all of the ETFs charging over 50bps have in common, which make up 54% of products but only 8% of assets but 35% of revenue = lot of flops but some big home runs where issuer https://t.co/FJRQjLEk9Y

Bitcoin ETFs have crossed $20b in total net flows (the most imp number, most difficult metric to grow in ETF world) for first time after huge week of $1.5b. For context, it took gold ETFs about 5yrs to reach same number. Total assets now $65b, also a high water mark. https://t.co/edldEimfqd

Seems a bit steep 😂 https://t.co/vdyYOOhN1z

BlackRock just filed for iShares Large Cap Accelerated ETF, which is sort of the yin to buffers' yang so instead of buffering downside this tries to juice up upside (eg say $IVV is up 5% you may get 8%) but in down market you get same level of losses (if you buy on Day One). https://t.co/qxfAEb7hyK

Defiance filing for a 2x $RIOT ETF, as well as copper, uranium, solar, China https://t.co/ZKT5wk6VMs

Introducing… Battleshares https://t.co/StVpJ0dfOg

Grayscale is looking to put out the first ETF that will hold spot bitcoin, ether, solana and XRP by converting GDLC. Is this poss? Maybe. Bc btc and ether make up over 90% of holdings (see below) and there's wiggle room for ETF to have small portion of illiquid assets it may well https://t.co/SKzs7shFQF

This year in a nutshell via @psarofagis https://t.co/U0BVRwNa8U

Thank you! Im biased but it really is a good book for anyone looking to get full understating of ETFs. Its all there. Only reason “institutional” is in title is bc publisher pushed me to market it to ‘professionals’ but i wrote it for the masses using my Twitter voice (vs my

Also abnormal is that one little stock's move was enough to move the whole ETF up 99% in a day (for context next best perf ETF yest was up 15% and this incl 3x and 2x ETFs). Big reason is this ETF has been so beaten down since launching (its still down 81%)- which is honestly https://t.co/7cjkFhGH16

TRIPPY: a tiny Canadian psychedelic drug co (w the ticker $DRUG) went up 2,500% on Tue (despite co says nothing material changed), which made its weighting in Pysch ETF $PSIL from 3% to 60%. Pretty sure thats all-time record for one day weight change in an ETF ht @maybebullish https://t.co/Z30xcwcJKU

FLOWMAGEDDON: ETFs took in $45b in past week and $147 in past month, that's >$5b/day (double normal pace) led by the Three (SPX) Amigos, YTD flows now +$772b, which is 85% of the way to breaking record with 2.5mo to go. And $SPY just became first ETF to ever his $600b in aum https://t.co/JLjPGb7ngy

RT @atrupar: Trump on Fed Reserve Chair Jerome Powell: "I think it's the greatest job in government. You show up to the office once a month…

Gonna be inside this cool looking building in Miami for rest of the day at the @Ripple Swell conference (Bloomberg is the media partner) moderating a couple panels. If you’re here say hi https://t.co/XWH8oCcVjf

Def first ever in US but may also be first ever in world. 21Shares who has everything under sun doesn’t curr have one looks like

Canary just filed for a Litecoin ETF https://t.co/DJhBRQUrJe

From baby steps to giant steps, nice chart showing active ETFs' asset and flow share % historically.. impressive as it is so hard to grow share at this rate in the ETF market- result of BYOA/distro but also evolution of lower fee, solution-oriented active via @Todd_Sohn https://t.co/wdOcggL5mx

Back in the day large cap managers used to juice returns by buying small caps, now it's the opposite, small cap managers are juicing with large and mid-caps. Small-cap growth MFs hold an avg of 17.5% in large-cap stocks and 64.5% in mid caps. Interesting study from @DavidCohne https://t.co/K1jJuUpr8F

The S&P 500 has been up 67 of last 100 days, which is about as consistent an advance as you'll ever see, which is why SPX ETFs have taken in 30% of all new cash with $VOO and $IVV in race to crush ann flow record a la McGwire and Sosa in the Summer of '98 (minus the steroids) via https://t.co/R2mRv84qno

$IVV has now taken in over $51b YTD, which if it weren't for $VOO's absurd $76b, would be an all time ann flow record. All this and it's STILL MID-OCTOBER. Unreal.. https://t.co/Rl7malDyJo

We’ve traced the call.. it’s coming from inside the house https://t.co/g1m9nqNX7X

Here’s our intv w @MebFaber⁩ on ETF IQ about $TAX, one of the more groundbreaking filings of late, attempts a collective seeding, amazing how innovative industry still is after 30yrs, never a dull moment.. w/ ⁦@kgreifeld⁩ ⁦@BloombergTV⁩ https://t.co/N2AdfoBe0r

Monster flow day for the bitcoin ETFs, over half a billion, total net flows (most imp number) hair away from $20b. They now 94% of way to holding 1mil btc and 85% away from passing Satoshi as largest holder in world- legit shot to hit milestone by Xmas. Ht @EdmondsonShaun https://t.co/0Rxy3Yn7WJ

Vanguard investor who’s also into crypto https://t.co/kBEJY4cyRs

"We're bringing private markets to wealth clients (via) our model portfolios" - another notable passage from BlackRock's Q3 earnings is from Martin Small, CFO, who more less opened the call with how amped they are about private assets https://t.co/f1TtuvnKNL

Here's full Larry Fink quote on bitcoin/digital assets from the Q3 earnings call, he says bitcoin asset class in itself, they talking with institutions worldwide about allocation, dig assets remind him of the early days of the mortgage market (now $11T) and POTUS won't make dif https://t.co/McvpW7cCnB

We got the one and only @MebFaber on ETF IQ today to talk about the ground-breaking $TAX ETF where retail invs can group seed ETF w sep accnts.. Also Jodie Love from T. Rowe on US, China, active ETFs w/ @kgreifeld @scarletfu at Noon EST, can stream here: https://t.co/JYsNVIG8EO https://t.co/GHYMpzqdhS

Or put more simply.. https://t.co/ANJjKv7eM6

Interesting, since the launch of the bitcoin ETFs bitcoin has hit records highs 5 times but gold has hit record highs 30 times.. albeit has only taken in $1.4b in net flows vs $19b for btc ETFs.. via @psarofagis https://t.co/3ZNbuW1XJW

And again, by Bogle removing all the costs bt the investor and mkt returns has made behavior go from brutally hard to pretty damn easy. Lot of advisors so proud with themselves over how disciplined they are to stay invested in mkt at all times but IMO that's like being born on

In a sense, it's true.. I think a lot of investors have consciously or unconsciously come to this conclusion, that removing fees and turnover costs is a form of alpha, or at the very least 'addition by subtraction' (which was almost the name I gave The Bogle Effect book as I view

S&P 500 ETFs (there are 4 of them) make up 0.1% of the number of ETFs in the US but are taking in 30% of all the flows, following 36% last year. So while we spend so much time on the boomer candy, active, btc and hot sauce (bc it's new). Cheap Beta still rules the Land.. https://t.co/4pLGM9RxGZ

S&P 500 addiction is getting stronger, and why not, it's +23% YTD return the easy way. Only Oct but a record $210b has flowed into ETFs & MFs tracking SPX. $VOO leads all with $76b. Fidelity's SPX MF $FXAIX is a STUD tho, now $600b (bigger than SPY), with $45b YTD flows. https://t.co/WHApi83mJ3

YEAR OF THE BULL: China ETFs' October inflow total is now up to $11b. What a chart. $90b of asset purchases by the govt will do that.. https://t.co/vqlV9Z5qhB

RT @OnTheMarginPod: New episode with Jim Bianco and James Seyffart at @Permssionless out now! @JSeyff @biancoresearch @fejau_inc We discus…

This is insane https://t.co/4S7eQ3c9LR

And this is why I don’t bet on sports 😂 https://t.co/C182PaLI1V

Anyone watch The Penguin? Worth watching? On one hand, I love latter day Colin Farrell and it got good RT score but on the other I have zero interest in seeing any more Batman (or Marvel superhero) movies for the rest of my life. Enough already.

RT @CarmanTse: he has absolutely no idea who Rob Lowe is lol

Texas is 16pt favorite against Oklahoma today. Seems high given its annual rivalry game and OU is #18 in country. I don't bet on sports but if I did I'd take Oklahoma.

Me after reading the prospectus for the latest buffer ETF https://t.co/LIEJufWXUf

RT @LuganoPlanB: 🚨 Excited for "Bitcoin ETFs and the Mainstreaming of Crypto" 🪙 Keynote by Eric Balchunas at #LuganoPlanB! Learn how ETFs a…

Morning jog views: Man Full of Trouble Tavern, est 1759, the dive bar of the American Revolution. Can only imagine some of the arguments that happened in there https://t.co/4TedxJS06l

Rick Pitino is back at Kentucky https://t.co/EpyroHIqAf

The Fantasy Lad Boys are back! Presented by @DrinkBODYARMOR https://t.co/bGjKp8uGDH

RT @InvestReSolve: Discover the Hidden Gems of the ETF World! Join @RodGordilloP and @GestaltU on today’s #ReSolveRiffs for insights into t…

RT @TikTokInvestors: We really gotta start banning podcast equipment lmao https://t.co/RsqwL2Z8Di

China ETFs flows in October have now passed $10b.. $FXI is responsible for half of it, $KWEB, $YINN and $ASHR contributing most of the rest https://t.co/nIq8iJNn7N

It's good to speak directly with retail investors sometimes. On the latest Trillions we spoke with Todd Akin (the guy below) about why he likes jacked up yield and 2x single stock ETFs w/ @VildanaHajric @denitsa_tsekova @JoelWeberShow. Listen to it here: https://t.co/UAL4ZbCfZV

Almost half of Schwab’s respondents said they plan to invest in crypto ETFs, more than bonds, international, alts. Pretty stunning. https://t.co/VnnoxioGIK

Are you kidding me? 13min to Logan from the hotel. Amazing. Name a major city w a shorter drive time (esp during morning hours). You can’t. https://t.co/5IIi00VGDK

BlackRock is among firms exploring a purchase of credit manager HPS Investment Partners Scoop w/ @DNair5 @dscigliuzzo @rngould et al ⬇️ $BLK https://t.co/Bp4c1mVImP

RT @business: Online verification company https://t.co/Bwn4lzEeSZ is letting employees and early investors sell shares in a deal that value…

Turns out my hotel in Boston (the Omni Parker) is apparently haunted. Tbh it felt kinda creepy when I checked in, my room reminded me of the movie 1408. Same look, vibe. Turns out it is the exact hotel the movie (book) is based on 😬 https://t.co/3QQiExbRqq

And Nolan Ryan pitched till he was in his 40s. #StopTheMadness.

And don’t come at me with pitch count bs. Nolan Ryan once threw 235 pitches in a game.

Here’s a crazy idea: if your starting pitcher is throwing a shutout LEAVE THEM IN THE GAME

SPDR: we are going to partner with a private credit firm BlackRock: hold my beer

BlackRock’s poss next move into private assets..

New filing for a Korea Defense Industry ETF. Damn that’s narrow. Investors can now do a $KPOP and $KDEF pairs trade https://t.co/tvqe0V1G9D

Damn I wish I saw this🔥

Say what you will about Boston the short distance from the airport to downtown rules. I appreciate that. Toronto comes to mind as the worst in this dept. Chicago pretty bad too.

Appreciate the thought even if it’ll never happen in a zillion years. But yeah this theory/chart I really feel explains so much of investment flows and product launches: https://t.co/I7C8K1YKjK

RT @havingalaugh: all the clips i've seen from megalopolis look like this

Interesting, the first ever Catastrophe Bond ETF was slated to begin trading 2wks ago but never listed. Could have been one of the best timed ETF launches. (Someone asked me if one existed. The answer is almost).

Great chart showing the YTD cumulative flows into China ETFs, very rare to such a sharp angle. China ETFs saw outflows 30 out of past 40 weeks prior to U-turn. Only a central bank can bend a flow chart like this via @SirYappityyapp https://t.co/bwx7KT49Ok

RT @peterbakernyt: With Ivanka Trump and Jared Kushner on the sidelines, Don Trump Jr. has become his father's main gatekeeper screening fo…

In their first ever joint interview, JD Vance and Don Trump Jr. tell me what they have planned for Trump's next term. In the @WSJ https://t.co/Q6meBA3mkx

RT @ericyakes: HBO says @peterktodd is satoshi and his response was perfect "This is going to be very funny when you put this into the do…

RT @philbak1: 39m unrealized cap gains from a 68m fund go poof. Expect more of this. Lots and lots more.

Late notice but we are hosting an ETF event in our Boston office tmrw (Wed) afternoon. I'll be there along with some wicked smaht experts from Fidelity, GMO, Morgan, Natixis, 3Edge. Register here: https://t.co/ZRfC0F8rmF

Roundhill just filed for a 2x China Dragons ETF which is crazy fast to 2x your own ETF as $DRAG just came out 4 days ago but it was an insta-hit, traded $70m yest (crazy high for a newborn). Also, $YINN is raking in the cash too so this filing makes sense. https://t.co/vokMJaVaWF

Bitwise just filed for what seems like another bitcoin ETF, but it is actually for the Osprey bitcoin trust (which holds $120m worth of btc) to be absorbed into $BITB fyi https://t.co/MXzmHVlzNM

Not familiar with this issuer, looks like a first timer. Based out of Nashville TN. Only crypto-related ETF person I know there is @stevenmcclurg

New filing just dropped for Canary XRP ETF, the second filing, joining Bitwise. https://t.co/Fbu9tKGz0V

Short Sale rule in effect at the open for basically every China ETF as big pullback underway.. https://t.co/SyDHTmrXqf

We are saying the FOMO may be over-hyped tho and anyone thinking of investing in China should exercise caution. @RebeccaSin_SK was way early with pointing out massive stimulus but is now ahead of curve warning upcoming stimulus may be more limited than it appears. FYI! Full note: https://t.co/YqPL4Gleri

The rush into China wasn't just from the US, here's a Japan ETF that invests in mainland China stocks that saw it's premium jump to 360% (very very rare to see prem that high) as investors wanted in that bad but market makers couldn't arb bc stock mkt closed for holiday. Wild. https://t.co/ftqojAI082

FWIW a little thread on a good bitcoin beginners book. I read a few when I was trying to get up to speed ahead of ETF launches and I thought this one was the best, connected w me the most.

Only one week into October so far and China ETFs have beaten their all time monthly flow record. Feeding frenzy in effect. Will it last tho or is just short term sugar high? No one knows. https://t.co/kw5AbMIqBP

A new ETF category is born today with the launch of single foreign stock ETFs, effectively currency-hedged ADRs. This way a US trader can own a foreign stock as if they were a local in that country. Three to start: $AZNH (Astrazeneca), $SHEH (Shell) and $HSBH (HSBC) with many https://t.co/1R8aVm9HTY

On Amtrak to nyc and the announcer said "please wear shoes in the cafe car" as part of the standard welcome, hadn't heard that bf. Top signal?

Is it tho? What other business can you be bad at your job (underperform benchmark), lose tons of customers (outflows) and yet make more revenue than ever (bc your assets go up beyond outflows simply bc stock mkt up so much)? That’s exactly what’s happened for past 20yrs. Not

I got 5k on Steelers using @tainobetsports They waxing them Cowboys today Cracker of the Day - Chris Bowell 🤝 Use code “AB” for 100% deposit match. Sign up with them guys below https://t.co/qwNw0aaWJy #CTESPN

Not enough words for Mike Tomlin Respect @steelers 🖤💛 https://t.co/fium6gvkWb