As 2024 reaches the midpoint, VettaFi Voices Todd Rosenbluth and Cinthia Murphy joined Bloomberg's Eric Balchunas and Joel Weber on the podcast Trillions. The four discussed the state of ETFs going into the 2024 halftime.
During LSEG Lipper's fund-flows week that ended June 12, 2024, investors were overall net purchasers of fund assets (including both conventional funds and ETFs) for the seventh week in eight, adding a net $6.3 billion. Equity funds (-$19.8 billion), mixed-assets funds (-$352 million), and commodities funds (-$60 million) reported outflows. General domestic taxable fixed income funds (+$119 million), alternative bond funds (+$62 million), and high yield funds (+$30 million) were the only taxable fixed income subgroups to observe inflows over the week.
The surging popularity of Bitcoin has captured the attention of investors worldwide.
The iShares Bitcoin Trust has emerged as a market leader in spot Bitcoin ETFs. It's a robust choice for many crypto investors, supported by a massive market footprint and heavy trading volume.
The Fed may cut rates in September, This expectation may charge up the markets in June.
Several wealthy hedge fund managers purchased shares of the iShares Bitcoin Trust during the first quarter, a recently approved ETF that tracks the price of Bitcoin. Anthony Scaramucci of SkyBridge Capital believes Bitcoin could eventually reach $800,000, eclipsing the market capitalization of gold in the process.