A NOTE FROM BOB
If bitcoin is digital gold, why isn't gold like a physical bitcoin? Join us Monday on ETF Edge when one of the world's great gold authorities make the case for owning the precious metals: George Milling Stanley, Chief Gold Strategist at State Street Global Advisors who oversees the SPDR Gold Shares (GLD), the world's largest gold ETF, and Will Rhind, Founder & CEO of GraniteShares which oversees the GraniteShares Gold Shares (BAR). ETFEdge.cnbc.com at 1 PM ET!
This is it for Van Eck's spot bitcoin ETF. The SEC has until November 14th to give a thumbs up or thumbs down on the Van Eck Bitcoin Trust. Don't bet on it. SEC will likely deny it.
It's not just travel and other reopening stocks that have been rallying...investors are buying bonds of beaten-up higher risk companies. The iShares U.S. Fallen Angels USD Bond ETF (FALN) and the VanEck Fallen Angel High Yield Bond ETF (ANGL) have seen major inflows recently. Both own debt from companies that have been stripped of investment-grade status.
New record for ETFs! Now $7 trillion in assets under management. Record inflows this year, most into plain vanilla index funds.
Last week we had Ben Johnson from Morningstar on ETF Edge to talk about the latest dismal performance of active management. Todd noted this week that the median stock in the S&P 500 has lagged the performance in the broader index this year, "In case you were wondering why money keeps flowing from active equity mutual funds to index based ETFs." Indeed. For more analysis and actionable insights, catch me live on Mondays at 1 PM ET on ETF Edge. KEY STORIES
IN CASE YOU MISSED IT
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