Exchange-traded funds eat Wall Street: investors shunted a record $560 billion into U.S.-listed ETFs during the second quarter, a Monday analysis from State Street finds, pushing the six-month total above $1 trillion. By way of context, full-year net inflows had never reached that 13-figure threshold prior to 2024, while State Street’s full-year projection of $2.3 trillion would exceed last year’s high-water mark by more than 50%.
As the AI-driven bull market continues apace, evidence of insatiable risk appetite is not hard to find. Assets parked in domestic leveraged ETFs reached $220 billion late last month, according to Citadel Securities, up 60% from the end of March and 4.5 times that seen in June 2020. That lurch upwards roughly matches the growing heft of semiconductors within the S&P 500, with chipmakers quadrupling their share of the market cap-weighted gauge to 19.7% during the six years through June 30.
Across the globe, a speculative tidal wave engulfs South Korea, raising hackles from the local political establishment. Yesterday, lawmaker Ahn Cheol-soo took to social media to lament the approval of leveraged ETFs such as those tracking mega-chipmakers Samsung Electronics and SK Hynix, which collectively account for more than half the KOSPI Index. The stock market “has turned into a casino,” he wrote, dubbing the contraptions a “complete policy failure. Every day, [they are] eating away at trillions of won in corporate value and public wealth.”
$MSFT $TSLA $NVDA
USRetailInvestorsBuyNet$13BInStocks
#DOJPlansToDropBitClubPonziCharges
#USDARaises2026SoybeanOutlookTo4.475BBushels
USRetailInvestorsBuyNet$13BInStocks
#BitcoinUp9.5%InJulyBestInFourYears
As the AI-driven bull market continues apace, evidence of insatiable risk appetite is not hard to find. Assets parked in domestic leveraged ETFs reached $220 billion late last month, according to Citadel Securities, up 60% from the end of March and 4.5 times that seen in June 2020. That lurch upwards roughly matches the growing heft of semiconductors within the S&P 500, with chipmakers quadrupling their share of the market cap-weighted gauge to 19.7% during the six years through June 30.
Across the globe, a speculative tidal wave engulfs South Korea, raising hackles from the local political establishment. Yesterday, lawmaker Ahn Cheol-soo took to social media to lament the approval of leveraged ETFs such as those tracking mega-chipmakers Samsung Electronics and SK Hynix, which collectively account for more than half the KOSPI Index. The stock market “has turned into a casino,” he wrote, dubbing the contraptions a “complete policy failure. Every day, [they are] eating away at trillions of won in corporate value and public wealth.”
$MSFT $TSLA $NVDA
USRetailInvestorsBuyNet$13BInStocks
#DOJPlansToDropBitClubPonziCharges
#USDARaises2026SoybeanOutlookTo4.475BBushels
USRetailInvestorsBuyNet$13BInStocks
#BitcoinUp9.5%InJulyBestInFourYears
