Eric Balchunas | Personal

Senior ETF Analyst for @Bloomberg. Dad. Rutgers grad. Gen X-er. Author of “The Institutional ETF Toolbox” & “The Bogle Effect.” Main: @EricBalchunas

[ALEX @ajtourville]

If LinkedIn was real life 🤣

[Eric Balchunas @EricBalchunas]

Legit funny (and I haven’t been fan of show for a while). The guy playing GW has flawless deadpan delivery.

[Eric Balchunas @EricBalchunas]

Love this. Hard to overstate how big an upset this. I actually went to HS for two years near Vanderbilt, and they were SEC punching bag back then too. Never went to any games tho. I did however see the Pixies (in their prime) at the Vandy gym. Trompe le Monde tour. Great show.

[Eric Balchunas @EricBalchunas]

Wait what?

[Eric Balchunas @EricBalchunas]

Lowe’s straight disrespecting Halloween

[Eric Balchunas @EricBalchunas]

$YINN & $YANG (3x and -3x China ETFs) combined for $7b in volume this week, here's what that looks like vs their 14yr history. Chart of the week nominee.

[Eric Balchunas @EricBalchunas]

Just when you think you've seen it all, here's a filing for a pair of Fruit of My Loins ETFs, Strategy A and Strategy B.. h/t @Todd_Sohn

[Eric Balchunas @EricBalchunas]

I just checked and our database of 452,220 funds (both dead and alive) of all types around world, the word "loins" is in none of them. So would be a first-ever. Groundbreaking lol

[Eric Balchunas @EricBalchunas]

I'm also intrigued by the Strategy A and Strategy B. So the name goes from overly-spicy to overly-generic just like that. A+ for juxtaposition, I'll give it that.

[Eric Balchunas @EricBalchunas]

An amazing photo here if you stop and think about it: the largest asset mgr in world making a well-polished case for bitcoin to clients with ginormous chart of decimation of the dollar's purchasing power since the establishment of the Fed. Life moves fast.. h/t @thinkingvols

[Eric Balchunas @EricBalchunas]

This is why IMO you have to be either totally biased or ignorant to pooh pooh the bitcoin ETFs potential/success. This level of salesmanship combined with low fees, high liquidity and a trusted brand name is effing powerful. (tbf I'd say same about almost all ETF categories)

[Eric Balchunas @EricBalchunas]

WOW: ETFs globally took in $477b in Q3, which crushed the old record by 30%. BlackRock and Vanguard took in about $100b EACH. China added $65b, which is crazy high thanks to Govt QE spree. Total global ETF assets now $14T. We predict $35T by 2035.

[Eric Balchunas @EricBalchunas]

OPTIONS APPROVED: SEC has just granted accelerated approval for the listing and trading of options on $IBIT. Here's the full approval. h/t @News_Of_Alpha https://t.co/NxcnzvuPmA

[Eric Balchunas @EricBalchunas]

I'm assuming others will be approved in short order. Huge win for the the bitcoin ETFs (as it will attract more liquidity which will in turn attract more big fish). This is nice surprise re timing but not a shocker as @JSeyff and I gave 70% odds of approval by end of May.

[Eric Balchunas @EricBalchunas]

Important note: This is just one stage of approval, the OCC and CFTC has to approve as well before they officially list. The other two don't have a 'clock' so not sure when they'll be approved. A big step tho nonetheless that the SEC came around.

[Eric Balchunas @EricBalchunas]

Roundhill filing for a new Weekly T-Bill ETF (WEEK) which will invest in ultra short term treasuries and distribute the income weekly

[Eric Balchunas @EricBalchunas]

Our ETF of the Month for August is.... $MGRO the VanEck Morningstar Wide Moat Growth ETF (MGRO) which is a sequel to the smash hit $MOAT and serves up growth with Buffett-esque screen. It's seen recent pop in volume and 1M returns via @SirYappityyapp

[Eric Balchunas @EricBalchunas]

Big day for bitcoin ETFs yest which have set new high water mark of +$17.7b YTD (most imp number) as flows across rolling 1M turned positive. This is why holding the line during the 'one step back periods' is so huge, can get to working on new net YTD highs faster.

[Eric Balchunas @EricBalchunas]

Just when you think its safe to rotate..

[Eric Balchunas @EricBalchunas]

Superb chart from @psarofagis showing the % of money in passive funds by country, which shows just how early this trend is globally, also notable that active beat rates are about the same regardless of % passive which also hurts the passive excuse for active underperformance