Top Tweets for #SSGA
Saskatchewan agriculture minister, the honorable Daryl Harrison made the trip to paradise today!
Thank you for the discussion on all things cow business, we look forward to working together to advance primary production in Saskatchewan!
#SSGA
#saskstockgrowers

世界で第4位の資産運用会社であるSSGAが持続可能性に特化した新しいサービス「サステナビリティ・スチュワードシップサービス」を公式に発表しました。機関投資家に持続可能性に焦点を当てたプロキシ投票の機能を提供するとしています。
#SSGA
https://t.co/23LyTxfakB
$GME @StateStreet Are you complicit in a scheme to evade the delivery of shares of GameStop? Do you willingly facilitate the trading of non-company-issued GameStop shares? Please respond at your earliest convenience. #SSGA Funds Management Inc.
when it comes to $GME, I believe that understanding the mechanics of ETF creation and redemption are one of the most important things to wrap your head around.
I confidently believe this was the real reason @TheRoaringKitty came back to post last year and I can prove it.
tl/dr: the real reason that DFV came back was because of GameStop's hard work to post an annual profit. this set the stage for an opportunity to shine light on the opaque nature of the ETF loophole exploitation and GME "cycles". through his purchasing power, market participants were forced to perform the juggling act in plain view for everyone to see. it was incredible.
/tl:dr.
I started looking through the prospectus of $XRT and a few things really stood out that I want to share. from their own description of the fund, State Street has no issue with Authorized Participants having no-limits on creation and redemption of the ETF. this is one of the reasons how it ends up with really high short interest is because the shares outstanding and SI% don't update at the same time, and at any given time, an AP could be creating and redeeming.
let's recap, why would they do that? by redeeming, an AP can submit or trade-in a share of XRT and receive the underlying equities that make it up. this is critical to understand, because this is a supply of GameStop shares that do not impact cost-to-borrow and have practically unlimited supply because as the prospectus states, the issuer will not limit how many redemptions can occur at any given time.
so how many shares exactly are available within XRT? as of may 12 (yesterday), the #GME weighting was 1.68%, representing 353,189 shares held. please check my math, but that works out to 5,933.5752 shares of GameStop per Creation Unit share redemption. it begins to make sense how it is possible to provide enough synthetic liquidity when needed and with these quantities, not only are APs saving a lot of money vs directly shorting GME, plus not having to reveal the amount required through publicly-available data.
https://t.co/weww34Pxnd
looking further within the prospectus I couldn't help but laugh. in an attempt to legitimize the lack of need to have limits on creation and redemption, it would suggest that GME investors may have been onto something with who they believed to be on "the other side" of the trade.
their argument against needing limits on creation and redemption is that they would only allow them in large blocks and therefore, since it is not openly available to the broader market, only the largest institutions would be participating in this practice anyway. it's funny, in trying to justify the loophole, they reveal who the APs usually are by claiming that this would not significantly impact the price of XRT and therefore, it's investors. not a bad cover story, but we aren't looking into this matter because we are concerned about price efficiency on XRT, we are looking into the creation and redemption loophole. I highlighted the key language, they only allow the redemption in large blocks which suggests a very helpful access to large amounts GME shares.
—
so, let's look at the real reason that DFV came back last year. When faced with a liquidity problem like exists with GME in the market, the above example works until it doesn't. It doesn't work four times per year during ETF rebalancing when any fail to deliver on XRT must be returned, but, with real shares.
the entire reason why FTX publicly stated that their GME token "was backed 1:1 by real shares", why last July exactly 35 days after the June run a Swiss entity launched a new GME token, why there's that random GME token with 2 billion supply, why $GMEU was made.. the reason for it is to provide "like-kind" securities. as the law is written, like-kind securities can be substituted in place of real shares to satisfy fails.
..except when it comes time for ETF rebalancing. then, if you owe shares of XRT from redemption, you must return real shares to State Street in order to satisfy your obligations. this is a moment in time when the issuer f the ETF and the AP are not aligned. the issuer would never allow an AP to return like-kind for rebalancing, because they would risk losing their status with the SEC and risk their golden egg of collecting management fees on these ETFs. the AP would never risk losing their status, because without the ability to redeem they don't have their near-limitless access to GME shares.
—
and that is why DFV shared some posts and memes last year. let me show you how.
Like we said earlier, GME faces a liquidity problem in the market. When a market maker is using synthetic liquidity, one of the worst things that can happen is an unexpected catalyst or news event because these provide unexpected and unplanned for buying pressure. last year, this surprise was GameStop disclosing a profit on its annual earnings. do you remember that leading up to the earnings last year, analysts kept changing their earnings predictions? it was all by design to try and temper the excitement, reaction and buying pressure that would come.
by mid-April, the FTD data was out and this data proved the problem—there would be a surge of unexpected FTDs that had to be settled, compounding the already-existing problem of regular, cyclical FTDs that have to be juggled.
by the end of April, the FTD data confirmed that the can-kicking was going to be a problem. by mid-May, the April OPEX data gave even more confirmation. the rest is history.
—
how DFV knew—
reverse uno:
have you ever wondered why DFV posted the reverse uno card on June 2?
it was to publicly state that he understood the ETF rebalancing mechanics. June 2 was no ordinary day, it was T+3 and C+35 from April 24. April 24 was was T+3 and C+35 from March 15, the day that XRT registered 1.42 million fails to deliver. T+2 to register a fail, therefore it becomes a fail on the third day, and 35 calendar days forced settlement. absolute genius.
the reverse uno signifies the flipping of the cause for GME experiencing price appreciation from unexpected buying pressure causing a massive pile of FTDs, to now the forced settlement of these fails. brilliant.
Encanto's Bruno:
then to further prove that he knew exactly what the publicly-available data was communicating, he posted the Encanto character Bruno. in this Disney movie, Bruno is gifted with the ability to predict the future. DFV is stating that he knows what will happen in the future, although since he had the public data to signal it, let's call it foreshadowing. he posted the character on June 17 to say "I know what will happen in the future", and it was all because of the FTD data, the rebalancing and the compounding of the problem it created for the next rebalancing period with $XRT.
he demonstrated this with his purchase of $CHWY, because look:
within the prospectus, it states that there is a second key moment that follows rebalancing, reweighting. this is the key. the third-to-last business day of the month for June 2024 was June 26.
with the then-newly implemented T+1, this is why DFV purchased Chewy on June 24. his purchase was deliverable on June 25, causing a price surge as seen on the chart, causing Chewy to be reweighted as the largest holding of $XRT at the time.
this is why he posted the dog emoji on June 27 with the eyes looking in the other direction. on June 27, the shares required for the outsized reweighting of Chewy within XRT were due and he was publicly stating that the count had begun. the stage was set to test his ETF FTD theory in real-time and forward-looking.
have you ever wondered why DFV posted the Toy Story photo of Andy dropping the dog emoji on September 6, but did not sell his Chewy until September 30? it is because September 6 was exactly C+70 from June 28, the first trading day that followed the scramble to acquire Chewy shares to fulfill the needs of XRT reweighting. C+70 is important because it is the required limit by which errors must be satisfied from the then, newly-implemented CAT system.
the CAT system tracks FTDs in a much more detailed and far-reaching manner including options data and more. are you seeing why there is so much opposition to the CAT system, masked under the guise of "unnecessarily exposing the private information" of investors?
the two Chewy posts illustrate the beginning and the end of the period of time. through the use of the eyes in the dog emoji—the eyes looking in opposite directions and the green and red colours—the two posts artistically illustrate the beginning and the end points. beautiful.
this is why he posted the Encanto character. he knew what would come, and he was right.
on September 20, Chewy will record a monumental amount of fails, at 9.4 million. for comparison, the other datapoints on the graph represent ~200,000 shares, rather consistently. this is because September 20 was the next XRT rebalancing. DFV knew that none of the shares from his purchase were actually retrieved from the market and were delivered through loophole exploitation of XRT. then, eventually at rebalancing, all of the shares came due.
remember, for the fail to be registered on September 20 it occurred three days earlier—they went to "get" the shares (fail) the day prior to the supplemental liquidity deposit requirements for quarterly OPEX, when everyone's purse strings are constrained. he set out to test his theory and show everyone the abuse of the ETF loophole in real-time.
the Bruno.
he will quietly sell his position 10 days later and report the sale 30 days after that, likely to avoid accusations of market manipulation. he wasn't in Chewy for profit, he wanted to show everyone that the shorts are so dependent on the ETF creation and redemption loophole mechanism that it will be their downfall.
—
go look at the FTD data for last year, then compare it to the data that is already out there this year. it should become very clear why RC and Co. have not announced a $BTC purchase yet. no, this would not be market manipulation as the intent to purchase sometime in the future was disclosed 45 days ago and was then followed with a Convertible Note Offering which yielded 1.48 billion dollars, which was disclosed as potentially being for additional Bitcoin treasury reserve purchases.
this is why the entire GameStop enterprise worked tirelessly to achieve profitability is because they want to attract investors and escape the manipulation loophole.
remember, the 10K stated that their business strategy was to return shareholder value. that is why there was so much demand for the notes—they know the juggling act is up.
we also eagerly await the upcoming FTD numbers for $GMEU, which I will guess will have recorded FTDs on April 24, the day of inception.. despite it taking three days without delivery to be registered as a fail. this is because $GMEU went live when it did to get $XRT off of Reg SHO, to give them breathing room and return to C+35 forced delivery for FTD, rather than C+13 as a threshold security. because like we were shown.. they are backed into a corner of their own making so tightly, they have no choice but to rely on exploiting the loophole.
n.b. my opinion only, but I believe the reason that DFV purchased 9,001,000 shares of Chewy was a hat-tip to Ryan, recognizing what he saw all the way back in 2021 with the original 1 billion dollar capital raise, and maybe sooner. "I know what you saw, I see it too."
thanks for the breadcrumbs buddy, now we do too.


We are delighted to welcome Leighton Duguid to the Shot Stoppers academy after impressing the coaching team during his assessment period!
Leighton plays for Easterhouse 2013s and we are looking forward to working with him and seeing him develop 🧤⚽️
🔴⚫️🔴
#SSGA

My old pals at State Street are rebuilding their digital assets team!
Maybe I should go back to work for them? 🤔
Hahaha no 😅 don’t be crazy 🫠
#ssga #statestreet #crypto

Congratulations to Brad Darion and the St Pats team on their 5-0 win against Third Lanark in the Trophy Challenge Cup Final 🏆 #BeWithTheBest #SSGA

#SSGA , eine dezentrale intelligente Handelsplattform auf Blockchain, kommt zum #MEXCKickstarter 🚀
🗳Stimme mit $MX ab, um Airdrops zu teilen
📈 $SSGA /USDT-Handel: 13.05.2024, 11:00 Uhr
Details: https://t.co/fCBs46re1s

Shot Stoppers is delighted to welcome Matthew Morrison to the academy!
Matthew impressed the coaches during his assessment period and we are thrilled that he accepted the offer from the coaches this morning ⚫️🔴 #SSGA #bewiththebest #goalkeeper #training #glasgow #football

📍#SSGA da Polícia Civil promoveu o 2º Encontro de Pais Policiais Civis Atípicos. A data escolhida para o encontro faz referência ao Dia Mundial da Conscientização do Autismo, celebrado nesta terça.
Fique por dentro 👇🏽
https://t.co/5KCD5FHLpW

VERY bad news
@JMorganchase & @BlackRock & State Street Global Advisors (#SSGA) are quitting or substantially scaling back involvement in a crucial #UnitedNations #climate alliance.
https://t.co/L5uLUd5rMr
Climate Action 100+ was created in Dec2017 at the U.N. as a way of getting private sector financiers to lower investment in fossil fuels & GHG-emitting industries. It has grown to >700 financial institutions that are collectively responsible for $68 trillion in assets: the 3 largest just quit.
LIVE ALAN WAKE 2 SAGA🔦🔫 GRAFFIO RETURN 6 🎮 PS5
#livestreaming #livestreaming #alanwake #Ssga #Graffio #return6 #alanwakeii #Deluxeedition #Gameplay #PS5 #PS5Share 🎮 #youtubegamingchannel #youtubegaming
https://t.co/9fpnheOVzC via @YouTube
ステート・ストリート(SSGA)が業界最安値のファンドシリーズ「SSGAインデックス・シリーズ・ライト」を設定しますッ⭐️S&P500と先進国株の信託報酬が0.068%(税抜)❕そして先進国債券(隔月分配型)が0.058%(税抜)と破格のコストです‼️
#SSGA #インデックスファンド #新規設定
https://t.co/CqLZty4R35

#SSGA のパッシブファンド
競合?が、さんざんマーケの予算を使って、マーケットができたところを獲りにいくの、応援したい
銀行の投信窓販が始まった日に設定したファンドよりは、ちゃんと運用してほしい...

今後の市場動向として、来年一年、ステートはライトシリーズで1,000-3,000億円程度の資金流入を獲得するかも、と見積もってます。ただし、ネット販社が全て揃う事が最低条件です。日本ではかなり知名度が低いので、ブロガーやYouTuberなどへの適切なアクセスがなければ、これ以下に止まるでしょう。
[Córdoba] La empresa no cumple y los trabajadores pagan las multas...#SSGA desde #Jaén, pasando por #Granada y #Córdoba sigue siendo una amenaza para todos los #TES. Hay que rescindir ya el contrato @LinaGarcia_AND. #TesPúblicoYa.
https://t.co/WYp7Oive2b
Last Seen Hashtags on Sotwe
Most Popular Users

Elon Musk 
@elonmusk
240.8M followers

Barack Obama 
@barackobama
119.2M followers

Donald J. Trump 
@realdonaldtrump
111.7M followers

Cristiano Ronaldo 
@cristiano
111.1M followers

Narendra Modi 
@narendramodi
107M followers

Rihanna 
@rihanna
97.8M followers

NASA 
@nasa
92.2M followers

Justin Bieber 
@justinbieber
91M followers

KATY PERRY 
@katyperry
87.9M followers

Taylor Swift 
@taylorswift13
81.8M followers

Lady Gaga 
@ladygaga
73.3M followers

Virat Kohli 
@imvkohli
70.3M followers

Kim Kardashian 
@kimkardashian
69.9M followers

YouTube 
@youtube
68.7M followers

Bill Gates 
@billgates
64M followers

Neymar Jr 
@neymarjr
63.1M followers

The Ellen Show
@theellenshow
62.4M followers

CNN 
@cnn
61.9M followers

Selena Gomez 
@selenagomez
61M followers

X 
@x
60.8M followers


























