Your weekly update on top ETF trends
 | FRI, AUG 20, 2021 | | | | | | YOUR WEEKLY UPDATE ON TOP ETF TRENDS | | | | Only one crypto ETF at a time? VanEck and ProShares have withdrew their applications to launch Ethereum-based futures ETFs just a few days after filing for them. Not clear what is going on, Bloomberg's Eric Balchunas has speculated the SEC may have signaled they are tackling only one crypto ETF at a time. It's been a mixed bag for retailers reporting this week. The good news: second-quarter numbers were off the charts great, with earnings beats, high traffic and (generally) high margins. The bad news: the delta variant is causing some retailers to turn cautious on the second half--just look at off price retailer TJX, which shocked everyone by giving third-quarter guidance way lower than expected on Friday. For those interested in retail, there are several high quality ETFs, but they are very different in composition. Here's a primer. It's hard to be an ETF superstar. The Cathie Wood skeptics are growing, now Michael Burry, made famous by The Big Short movie, has a short position. For more analysis and actionable insights, catch me live on Mondays at 1 PM ET on ETF Edge. |
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