As a seasoned crypto investor with over two decades of market experience under my belt, August 2024 was nothing short of exhilarating. The surge in activity within the ETF world, particularly U.S. ETFs, was a testament to the resilience and adaptability of investors in the face of uncertainty.
In the bustle of August, when many were enjoying their vacations, I found myself engrossed in the dynamic landscape of Exchange-Traded Funds (ETFs). To my surprise, this seemingly tranquil period was actually a time of heightened activity within the ETF world.
Based on a report by Vidana Hajric for Bloomberg, there was an investment of $75 billion into US ETFs last month, which is five times more than what was invested during the same period in 2023. Bloomberg suggested that this surge could significantly boost ETF inflows towards another record annual cash inflow. With $122 billion added in July, it marked the second-largest monthly investment ever recorded. Bloomberg pointed out the continued volatility caused by factors such as the anticipated easing cycle of the Federal Reserve and the upcoming U.S. presidential election.
According to a report by Bloomberg, U.S. ETF investments have already accumulated approximately $609 billion as of 2024, surpassing the combined total from the previous two-yearly totals of the past years. The data suggests that inflows might potentially reach or even reached or may reach or might reach or even beat the 2021 record of $911 billion. Bloomberg highlights the importance of this momentum, especially in a market approaching $10 trillion, where ETFs now make up almost a third of total fund assets, nearly doubling their share from 2015.
It’s worth noting that Bloomberg highlighted an impressive growth in actively managed ETFs this year, reaching a staggering $783 billion. Passive ETFs, on the other hand, have also seen a 15% increase of increased by a more than 15% Increased by 15% to $8.6 trillion. Both fixed-income and equity ETFs have witnessed robust demand, with Bloomberg reporting inflows of $187 billion and $367 billion respectively in 2024. According to Bloomberg’s report, Todd Sohn, an ETF strategist at Strategas, indicated that bond ETFs, which received a whopping $100 billion over the past three months, have thrived due to a surge in new offerings, including the BlackRock Flexible Income ETF (BINC) and the Capital Group Core Bond ETF (CGCB).
Beyond standard investment instruments, Bloomberg emphasized the exceptional returns of spot Bitcoin spot ETFs, gathering over $17 billion in investments. Moreover, Bloomberg discussed the emergence of advanced funds like covered-call and downside-protection ETFs, enhancing the overall expansion. Also, leveraged and inverse funds based on individual firms have demonstrated significant gains, aggregating over $9 billion in resources.
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2024-09-03 20:46