Early bird gets the corner court 🎾 here at FDR park. Beautiful morning, perfect weather

Hmmmm. Interesting. While it may seem like this is them getting their docs in shape based on SEC comments (which would be good news) there hasn’t been any comments. So its prob either a Hail Mary or maybe trying to give SEC one less thing to use in their rejection. Not sure (yet)

Just FYI everyone. JPM, Susquehanna (which also owns these ETFs and was all over this site last week) and others are just market makers and/or AP's. Their ownership isn't necessarily indicative of anything other than this is how many shares they had on 3/31/24.

Prior to the bitcoin ETFs the record speed for an ETF to reach $10b in assets was held by $JEPQ who did it in 647 trading days (nearly three years). $IBIT got there in 49 days, $FBTC in 77 days. Cool visual from Sebastien Cabral

$VOO is quietly have an extraordinary year, has taken in $34b, double the cash of any other ETF (out of 3,400), near lock to break the annual record of $50b (set last year by $SPY). Only two entire issuers have taken in more cash (Vgrd and Blk)

One of the unsung arts of ETF Terrordome survival for issuers is picking the fee- trying to strike the perfect equilibrium bt providing good value and making money. On latest Trillions we discuss ETF revenue w/ Athanasios Psarofagis Katie Greifeld Joel Weber bloomberg.com/news/articles/…

Uh, disagree. We are as pessimistic as ever. I mean at some point it could happen, but not within a year IMO. What they say in denial and the Nov election are big variables that could fine tune the outlook tho. Btw he also said they withdrew the '33 Act Ether Futures ETF bc they…

Many such cases.

Ever listen to a macro podcast where an insanely intelligent dude with an impressive resume scares the s*it out of you and makes you think that everything is going to collapse? (I've been there.)

Look up their actual track record and go for a walk.

Does the “growth factor” have positive risk premium?

Great stat: The number of $10B companies in India went from 30 to 100 in past 5yrs, a jump blows away the rest of EM. Also has highest # of stocks with sales CAGR above 15%. From our new port strat weekly newsletter (DM to get on distro list)

One of the best hedge funds is actually a mutual fund: AQR's long/short fund $QLEIX is tripling benchmark, doubling SPX and with only half the volatility and no correlation. Can't really ask for more from a HF strat. Good note on it from David Cohne blinks.bloomberg.com/news/stories/S…

ETF Fun Fact: A Uranium ETF $URA is now the biggest clean energy ETF globally, a category with about 100 funds. $URNM up to #4. The two of them would have been towards bottom of list 5yrs ago, have grown 30x since then. Green investing for realists.