Eric Balchunas (@EricBalchunas) started following @John_Fanta on Oct 1, 2024

Today’s pod was stacked with forecasts for every Big East team, preseason awards, a sleeper candidate to watch, hot takes and more. With @RobDauster and @T_Oglesby22: https://t.co/2MIvYqp0c9 https://t.co/wb4hdyLfUq

Had Darius Adams a couple of times on Peach Jam broadcasts this past summer and was impressed with how easily the game comes to him. Terrific shot technique, a smooth handle and the ability to make a variety of things happen offensively. That’ll play in Dan Hurley’s system.

RIP Pete Rose who had problems but was bigger than life during my baseball card collecting childhood. I remember watching him chase Cobb’s hit record w my grandma. Rare guy who could pull off being a player & the manager at the same time. https://t.co/BBEbF73Nee

one quick correction those five ETFs are the YTD leaders, the Q3 leaders are $VOO, $SPY, $IVV, $VTI and $BND

Speaking of records, ETFs just had their best quarter evah with $280b.. led by $VOO, $IVV, $VTI, $IBIT and $QQQ altho 2,000 dif ETFs took in cash in Q3.. YTD flows now up to $691b with a great shot at breaking all time record. https://t.co/Wa6cyuhwpm

How do you package private assets into public funds? It's like solving a paradox and it is the next big race in ETFs and it was officially kicked off by the Apollo ETF filing. We discuss in detail on latest Trillions w/ @VildanaHajric @joelwebershow https://t.co/NcengBH1Vg

It's not personal (ok maybe a little) but they just aren't into commodities in general bc they see it as pure speculation, only worth what someone else will pay you vs stocks and bonds where your money works for you independent of speculative returns (which is something I feel

Vanguard turned 50 this month. IMO the birth of the mutual ownership structure (still yet to be copied by anyone) was a Big Bang event for this industry- the effects of which continue to ripple out like a tsunami in slow motion. As I argue in The Bogle Effect, indexing 'got https://t.co/p3HwZDIZWg

Some ETF records arent going to be broken this year they're going to be destroyed. Namely $VOO which at +$69b is already $20b beyond the single year record and the number of new launches at 515 is also in record territory. And there's still three months to go.. https://t.co/EyVfmnxwPg

Tom Brady just said he almost went to the Chicago Bears after leaving the Pats as free agent, bf ultimately deciding on Tampa. Didn’t know that.

My kid makes short sports videos and he did one for Ryan Williams, Bama’s 17yr old (equiv of senior in HS) receiver who put on a show last night: 177 yards, game winning TD. Unreal. https://t.co/WmBeg4MmNM

RT @ItsChrisOnX: 3 years ago I messaged my gym crush telling her I wanted to take her out for 'coffee'. Last night I asked her to marry m…

Am I regretting this tweet? Yes I am. It’s still early but man Georgia looks so soft on D

Sorry, I meant one point favorite but sane point, just seems like they gonna win by 20+

I never bet on sports but Georgia as one point dog seems like easy money. They got screwed out of BCS by Alabama last year so they gonna be thirsty for revenge = statement game. Plus bama doesn’t have Saban. What am I missing? https://t.co/IKpRdV70X6

If you’re a Jane’s Addiction fan (like me) this podcast w/ the band’s guitar tech of 17yrs (who broke of the fight) does a great job of breaking down what exactly happened, as well as the inter workings of a band that’s been through a lot trying to keep it together..

Bloomberg TardFi Bros is pretty good tho I’ll give you that 😎

Lol the tin foil hat energy is strong w this one. A) the custodian doesn’t determine the flows. The end investors do. B) Fidelity saw inflows too and they don’t use Coinbase. Instead of false claims to scapegoat you should be profusely thanking BlackRock, the ETFs and Coinbase

Jordan has an entire section of children’s clothes at Macy’s. Not to mention all the teenagers that own a pair Air Jordan’s. Amazing to remain so relevant 25yrs after retiring. The GOAT of all sports IMO. https://t.co/StlfiBSSLC

Weird case where it seems like both teams will be worse off after trade. Maybe I’ll be proven wrong tho.

This is like trying to sell steak knives to a room full of vegans. Near-impossible mission but if anyone can pull it off it’s Matt, who knows both worlds intimately. Still tho, thoughts and prayers..

Happy Weekend everyone! Here's some Daffy for you. Wise Quackers - (1949) https://t.co/NqfDItYET4

Ralph Wolf and Sam Sheepdog are buddies and housemates, but one is a sheep guard and the other, a raider. After the work hours they both go home hand in hand. The comedic twist of their rivalry being purely professional is humour gold. https://t.co/Jr9PAjh4c5

RT @pdmcleod: If you don't know what they're talking about this whole exchange looks like two wizards bickering. https://t.co/336XIsCmpK

I took a chance on this series (6 episodes) and was surprised how good it was. I'm not huge wild west fan but they did such a great job weaving in the media, politics and J.P. Morgan's involvement, narrated by the great Ed Harris. Had no idea about a lot of it. Recommend. https://t.co/erQyi7rnBt

RT @490Freak: Listening to this podcast where Janes Addiction’s guitar tech brought in Perry’s mic audio from the fight and it is some of t…

Looking fwd to joining this panel discussion next Wed at NYSE w/ @LynAldenContact & @nic__carter moderated by @profplum99 🔥 You can stream it live (or go to the event which is hosted by Simplify for a good cause) by registering here: https://t.co/sxrEt1F4Lh https://t.co/YUacrktthg

The Chinese government (aka the National Team) is on an ETF buying spree BOJ-style to jump start stock market, they've already plowed $91b into ETFs, headed towards $110b EOY, which is 80% of the flows over there. Here's where they spending the money, via @RebeccaSin_SK https://t.co/A2xSO30KHl

No one happier the Fed is cutting rates than $ARKK which went to the moon during the zero rate era and then came hurtling back to Earth when the Fed hiked. Is a Third Act in the cards? Not sure. It still has $5.8b and good liquidity but getting a second bite at apple w investors https://t.co/HhW88ZXBnm

For people who have invested in a money market mutual fund, how crucial is the fixed $1 NAV for you?

MILESTONE: ETFs have officially passed $10T in assets in the US 🎉 Normally they double assets every 5yrs but this time it only took 3.7yrs. They also now have double index MF assets (from which they were birthed). We predict they will hit $25T in next ten years. Good write up on https://t.co/0b6QWfD8QF

Another crazy fun fact, $MSTU has been out a week and in the Top 20 (out of 3800) best performing ETFs YTD lol.. That's got to be some kind of a record. https://t.co/9VuzzbKIuv

Here are the daily returns for $MSTU so far.. and it hasn't really even been that volatile. https://t.co/JJ7lgjCgbu

This is wild, the 2x $MSTR ETF was launched a week ago and already has $72m in aum (for context that puts in top 20% of the 515 ETFs launched this year) despite the 1.75x $MSTR ETF having head start and $357m (top 8% of new launches). Both have robust liquidity too. I didn't https://t.co/t46B8UIBhm

Some weird stuff going on with the Three Amigos (SPY, VOO & IVV), tens of billions moving (seemingly between them). I don't think its tax rebal but prob something like it. SPY and VOO taking in around $20b each in a week, while $IVV just saw $21b in and then out curr -$5b on https://t.co/D08J8Io0ZK

My bag arrived at 2am last night. I’ll take it! but I’m prob not flying United for a while.

Good morning Chicago https://t.co/6jJlwNVToL

LeverageShares launching new 3x Microstrategy ETFs in Europe (who aren’t likely to appreciate the unbridled adrenaline being packaged here like Americans do). These things will be around 18-20x the volatility of SPX. They will make 3x QQQ look like money mkt fund https://t.co/DYM4x2O7l9

RT @NateGeraci: The always colorful @EricBalchunas on spot bitcoin ETF conspiracies… “This isn’t like FTX, where you just throw up an exch…

My first time ever (or at least in decades) I’ve flown on United Airlines (I’m an American guy) and they forgot to put my bag on the plane. Not sure I’ll have my stuff for a work event tmrw. Just bad luck or is this par for the course with United?

BlackRock filing for a BBB-B CLO ETF.. This category is growing very fast. $JAAA has $12b and JBBB has $1b https://t.co/jgN6gzR4JA

RT @netcapgirl: 2 minutes to say “i write on paper with a pen”

One other thought on this.. I will say getting someone to buy and hold a 3bp SPX ETF is a hell of a lot easier than getting them to stick with underperforming active fund like in the 90s, and thus as I argued in my book Bogle is severely undercredited with improving investor

It's a fair question. I'd argue that getting someone to buy and hold an SPX ETF is worth their fee alone (vs DIY stock picking or lord knows what else). Many advisors add value by doing a bunch of other leg work for you (taxes, planning, coaching). All that said, I'm seeing some

Nice look at the new "money market" ETF launching today, the Texas Capital Government Money Market ETF (MMKT). Key point tho: The NAV will *not* be fixed at $1.. via @kgreifeld @emily_graffeo https://t.co/ibjVFCyPx9 via @markets

New study out today from @DavidCohne found that increased dispersion in stocks doesn't really correlate to outperformance by active. The bad news: another excuse for lagging is eliminated. The good news: still decent chance of outperforming in a low dispersion market https://t.co/4kii9P3Tjz

Ht @EdmondsonShaun for the table

US bitcoin ETFs had good day yesterday pushing YTD flows to new high water mark of $17.8b. They’re now 92% of the way to owning 1million bitcoin and 83% of way to passing Satoshi as top holder. Tick tock.. https://t.co/kTxlIzjJy6

Greetings from my kids flag football game where home plate is now the corner of the end zone a la 1980s Oakland Raiders games. I love that. https://t.co/dKGeMf2AnT

RT @crypto: As crypto ETF custody comes into focus, BlackRock Head of Digital Assets Robbie Mitchnick says "nothing of significance has cha…

Not all of CT but a decent portion.. https://t.co/jbdc2CR65v

The root of the BlackRock "IOU" conspiracy theory is angst over btc price not being (even) higher. But it's up 51% YTD (and 150% past 18mo thanks to the ETFs you're welcome) which is A LOT. Further, 50% is btc's 5yr avg ann return so even if it returns 0% rest of year you should https://t.co/x1jfEEDuLj

Robbie Mitchnick (head of digital assets at BlackRock) was asked by @sonalibasak on TV today about $IBIT's "12 hours" filing amendment mentioned below, his answer: "Nothing of significance has changed here, what we do with all of our custodians is a an operational fine-tuning." https://t.co/BkYBxWKfLE

Bogle in the front, party in the back.. Vanguard is getting 32% of all ETF flows (and BlackRock 25%) as bulk of money still buying cheap beta but at same time 80% of new ETF launches past 2yrs are leveraged, active or use derivatives. The great portfolio barbell-ing is upon us.. https://t.co/eRFalpzhhL

Bruh, you see this? This TradFi suit expects us to just "trust" BlackRock. https://t.co/l2y4yTECqa

Getting tagged in tweets about this.. So here's some more details: BlackRock runs their own blockchain node and every night they pull the btc balances from their wallet addresses on Coinbase prime validating the btc held by $IBIT. They will show this to institutional clients upon

So many questions..

$VOO YTD flows at $73b is beyond absurd.. keep in mind the all-time annual record for a ticker is $50b (set last year). Its also nearly double $IVV, which btw it has now passed in assets, only $44b away from knocking off $SPY. https://t.co/LhyCRbhiR8

After a massive week of flows and two weeks of positive stock market returns, ETF assets are now at about $9.8T, sooo very close to hitting the $10T milestone for the first time. Someone should throw a party. https://t.co/lEt3TU0KCo

😂 big win for my RU

I had to look. MJ had similar attendance impact to a crapola Bulls team in mid 80s. Altho even the great MJ was only able to get Bulls to win 38 games his first year. CC took crapola team to playoffs. Unreal. https://t.co/3RwbSutxm7

Hard to overstate how amazing this is. The Pacers were really good last year too. Reminds me so much of Michael Jordan’s first few years in NBA.

😂 + 🔥

New Air Monarch IVs just arrived. Extra wide, puffy interior, extreme Dad vibes. Gonna help me get some Ws in my 40 & over Tennis league. https://t.co/IOQ0LC9V51

Morning jog views: Apollo Creed scarecrow pumpkin display in front of Sprouts on Broad and Carpenter. https://t.co/ehVxQgX0IP

Cars do not look when they are turning. They only care about one thing, getting across that intersection. Make sure you look at the driver and be careful while walking. Drivers do not care one iota if they run you down.

$sowg bear case got stronger

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.

Roundhill filing for a new Weekly T-Bill ETF (WEEK) which will invest in ultra short term treasuries and distribute the income weekly https://t.co/HtFtpoiqSp

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. https://t.co/a8mUGLOcKG

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 https://t.co/mtShgrMrwc

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 https://t.co/Bssu5sx0fm

Someone suggested gold is a fair comp for btc. I can get with that. So let's break it down: gold ETFs account for 1% of total gold market cap (and I think we can all agree they've been positive for gold price). Bitcoin ETFs are already 5% of total btc market cap and this is after

Most successful ETF launch in history = peanuts. Man, this is some spoiled brat mindset right here. That $17b bailed out your bags on multiple occasions holmes, show some respect.

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. https://t.co/ILjoIWwEi3

RT @CarolynMcC: Excited to hear Kathleen Boyd talk about financial planning for infertility. @NAPFA @XYPlanning https://t.co/4HBFqAWXmb

RT @ArleneDMoss: If you aren't learning about the financial realities of fertility you're missing a need your younger clients may have. #NA…