Latest news with #iSharesBitcoinTrustIBIT
Yahoo
5 days ago
- Business
- Yahoo
Big ETF Inflows of Last Week: QQQ, IBIT & More
ETFs across various categories pulled in $17 billion in capital last week, pushing year-to-date inflows to $442 billion. This has put 2025 on track to be one of the biggest years ever for ETF demand.U.S. equity ETFs led the way with $6.3 billion in inflows, followed by $3.6 billion in U.S. fixed-income ETFs and $3 billion in international ETFs. Invesco QQQ Trust QQQ, iShares Bitcoin Trust IBIT, Vanguard Information Technology ETF VGT, Vanguard S&P 500 ETF VOO, and SPDR Gold Trust ETF GLD dominated the top creation list last Street logged gains last week despite rising tensions between the United States and China. Both countries accused one another of breaching the temporary trade truce established in May. However, markets largely dismissed the rhetoric, betting on eventual stabilization. The Nasdaq Composite led the way, gaining 2.01% while the S&P 500 and Dow Jones rose 1.9% and 1.6%, respectively (read: 3 Factors That Could Boost Wall Street ETFs Despite Tariff Uncertainty). Bond yields edged slightly lower but stayed close to recent highs. The long end of the yield curve remains under pressure, with the 30-year Treasury yield holding near 5%, signaling ongoing concerns about inflation and fiscal Bitcoin prices retreated after reaching record highs above $111,000 the previous week, last trading around $104,000. Despite the pullback, enthusiasm for cryptocurrencies remains strong, with continued investor interest supporting the asset class. Gold demand also remained robust. Even amid a rising stock market, gold held its ground, underscoring its role as a strategic hedge in diversified have detailed the ETFs QQQ Trust (QQQ)Invesco QQQ Trust is the top asset creator, pulling in $3 billion in capital. It provides exposure to the 101 largest domestic and international non-financial companies listed on the Nasdaq by tracking the Nasdaq 100 Index. Invesco QQQ is one of the largest and most popular ETFs in the large-cap space, with an AUM of $333.9 billion and an average daily volume of 47 million shares. QQQ charges investors 20 bps in annual fees and has a Zacks ETF Rank #3 (Hold) with a Medium risk Bitcoin Trust (IBIT)iShares Bitcoin Trust raked in $2 billion in capital last week. It seeks to reflect the performance of the price of Bitcoin and has been the most traded Bitcoin ETF since its launch. It enables investors to access Bitcoin within a traditional brokerage account. The fund charges 25 bps in annual fees from investors. IBIT has AUM of $70.4 billion and trades in an average daily volume of 47 million shares (read: ETFs to Ride on New Wave of $111K Bitcoin Rally).Vanguard Information Technology ETF (VGT)Vanguard Information Technology ETF has gathered $1.1 billion in its asset base. It manages an asset base of $87 billion and provides exposure to 307 technology stocks. VGT currently tracks the MSCI US Investable Market Information Technology 25/50 Index. Semiconductors, systems software, technology hardware storage & peripherals, and application software are the top four sectors with double-digit exposure each. Vanguard Information Technology ETF has an expense ratio of 0.09% and sports a Zacks ETF Rank #1 (Strong Buy) with a Medium risk outlook. It trades in an average daily volume of 557,000 shares. Vanguard S&P 500 ETF (VOO)Vanguard S&P 500 ETF saw inflows of $896.2 million in capital. It tracks the S&P 500 Index and holds 505 stocks in its basket, each accounting for no more than 6.8% of the assets. Vanguard S&P 500 ETF is heavy on the information technology sector, while financials, healthcare and consumer discretionary round off the next three spots with a double-digit allocation each. Vanguard S&P 500 ETF charges investors 3 bps in annual fees. It has an AUM of $657.3 billion and trades in an average daily volume of 6 million shares. VOO sports a Zacks ETF Rank #1 with a Medium risk Gold Trust ETF (GLD)SPDR Gold Trust ETF has gathered $821 million in its asset base. It tracks the price of gold bullion measured in U.S. dollars and kept in London under the custody of HSBC Bank USA. GLD is an ultra-popular gold ETF with an AUM of $99 billion and a heavy volume of about 11 million shares a day. SPDR Gold Trust ETF charges 40 bps in fees per year from investors and has a Zacks ETF Rank #3 with a Medium risk outlook (read: Gold Eyes Best Week in a Month: Will ETFs Sustain the Rally?). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Invesco QQQ (QQQ): ETF Research Reports SPDR Gold Shares (GLD): ETF Research Reports Vanguard S&P 500 ETF (VOO): ETF Research Reports Vanguard Information Technology ETF (VGT): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
29-03-2025
- Business
- Yahoo
Bitcoin May End Q1 in Red: What's Ahead for ETFs? (Revised)
Bitcoin has fallen from its post-election highs, with the cryptocurrency on track to end the first quarter of 2025 in the red. From the start of 2025, Bitcoin witnessed a shaky trend, weighed down by speculation that the Fed may have limited scope for further interest rate cuts. Bitcoin is down about 7% so far this year (as of March 26, 2025). Investor sentiment shifted on the likelihood of a prolonged pause in Fed rate changes due to uncertainty related to inflation. Concerns also emerged over the potential inflationary impacts of President Donald Trump's tariffs and immigration policies. Bitcoin, which skyrocketed following Trump's election win on hopes of a reserve, found the actual government move underwhelming. In early March, there was an executive order by President Donald Trump to establish a strategic Bitcoin reserve for the United States. The reserve will be funded using Bitcoin seized in criminal and civil forfeiture cases, with no plans for the U.S. government to purchase additional Bitcoin at this time. Investors were disappointed that the government did not introduce a more aggressive Bitcoin acquisition program. Despite the market's negative reaction to Bitcoin in the first quarter, some investors believe that the government move is bullish for the long term. Matt Hougan, CIO at Bitwise Asset Management, told CNBC's Squawk Box Asia that the market may be misinterpreting the announcement. The market is short-term disappointed that the government didn't say it was immediately going to acquire 100,000 or 200,000 Bitcoin, per Hougan. White House Crypto and AI Czar David Sacks hinted at possible future Bitcoin acquisitions, stating that the U.S. government would explore budget-neutral strategies that impose no extra costs on taxpayers. However, any additional purchases beyond seized assets would require further executive or legislative action. Fed Chair Jerome Powell recently equated the cryptocurrency Bitcoin to gold rather than the U.S. dollar, stating, 'People use Bitcoin as a speculative asset. It's like gold — it's just virtual and digital.' Interestingly, BlackRock's spot Bitcoin-based ETF iShares Bitcoin Trust IBIT (launched earlier in 2024) now has more than $48 billion in net assets. That's more than BlackRock's iShares Gold Trust IAU ETF, which debuted in 2005 and has $41.1 billion in assets (read: Is Bitcoin the Digital Gold? ETFs in Focus). Hougan described the recent price drop as a temporary setback, predicting that the market will soon recognize the long-term bullish implications of the U.S. strategic reserve. However, we believe that investors should remain cautious about investing in Bitcoin, as we are yet to gain more clarity on the Bitcoin acquisition plan. Moreover, trade tensions persist, and it remains to be seen which direction Trump's tariff war will ultimately take. We suggest that investors remain on the sidelines. Issuers have introduced various tools to make a high-risk asset like Bitcoin more accessible and appealing to risk-averse investors. Calamos has launched a suite of Bitcoin buffer ETFs: Bitcoin Structured Alt Protection ETF – January CBOJ, Bitcoin 90 Series Structured Alt Protection ETF – January CBXJ and Bitcoin 80 Series Structured Alt Protection ETF – January CBTJ. Innovator also launched the Uncapped Bitcoin 20 Floor ETF - Quarterly QBF, the first ETF offering uncapped exposure to Bitcoin's upside potential while simultaneously capping downside losses. These products offer some downside protection amid extreme volatility. (We are reissuing this article to correct a mistake. The original article, issued on March 27, 2025, should no longer be relied upon.) Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report This article originally published on Zacks Investment Research ( Zacks Investment Research
