According to Eric Balchunas, ETF filings continue around the clock, as he stated Money (and ETF filings) Never Sleeps. Source: Eric Balchunas on X, 2025-12-31, https://twitter.com/EricBalchunas/status/2006171787697008860 No tickers, issuers, or product details were disclosed in the post. Source: Eric Balchunas on X, 2025-12-31, https://twitter.com/EricBalchunas/status/2006171787697008860

According to @EricBalchunas, exchanges have refused to list the GRFT ETF, while they allow NANC, making GRFT unavailable for secondary trading on those venues for now; he also notes there is still a chance a new Texas exchange could list it. Source: @EricBalchunas. For traders, a refusal to list means the fund cannot trade on those exchanges and will lack on-exchange liquidity and market-making support there until a listing occurs, which can affect access and bid-ask spreads. Source: U.S. SEC Investor Bulletin on Exchange-Traded Products (ETPs). For crypto ETP participants, the same exchange-listing requirements govern whether spot or thematic crypto ETPs can trade on a given venue, so venue decisions are a key market-structure driver to monitor. Source: U.S. SEC Investor Bulletin on Exchange-Traded Products (ETPs).

According to Eric Balchunas, Truth Social’s first ETFs are scheduled to launch tomorrow as a very anti-ESG, YALL-like suite, highlighting a clear thematic positioning for traders to track at debut, source: Eric Balchunas on X, Dec 29, 2025. According to Eric Balchunas, he expects the products to be a tough sell and states he is bearish on both ESG ETFs and anti-ESG ETFs, signaling cautious demand expectations at launch, source: Eric Balchunas on X, Dec 29, 2025.

According to Eric Balchunas, Bitcoin’s recent price chart resembles ETF heartbeat trades, which he describes as short-term, tax-motivated transactions unrelated to actual market sentiment (source: Eric Balchunas on X, Dec 29, 2025). This indicates current BTC price swings may be driven by ETF flow mechanics rather than investor sentiment, highlighting sentiment-independent, tax-driven volatility patterns that matter for short-term trading decisions (source: Eric Balchunas on X, Dec 29, 2025).

According to @EricBalchunas on X, silver is up about 150% year to date and is now doubling gold’s performance this year (source: @EricBalchunas on X). According to @EricBalchunas on X, SLV posted $21 billion in weekly trading volume, the highest in 15 years despite the Christmas week (source: @EricBalchunas on X). According to @EricBalchunas on X, SLV’s year-to-date net inflows are $3.4 billion, while GLD’s are $23 billion and spot Bitcoin ETF IBIT’s are $25 billion (source: @EricBalchunas on X). According to @EricBalchunas on X, the $21 billion weekly volume signals elevated liquidity for SLV execution and risk management based on the reported figure (source: @EricBalchunas on X). According to @EricBalchunas on X, the larger YTD flows into GLD and IBIT versus SLV indicate stronger investor allocation to gold and BTC exposure than to silver ETFs based on the cited flow data (source: @EricBalchunas on X).

According to Eric Balchunas, Bitcoin traders should keep perspective after a weak year-end as he notes that crypto saw no Santa rally this year but massively outperformed last year, leaving BTC holders still net ahead versus other assets on a multi-year view (source: Eric Balchunas on X, Dec 24, 2025). According to Eric Balchunas, his post frames this seasonality miss alongside Mark Chadwick’s observation that every asset class rallied except crypto, underscoring that crypto’s year-end pattern can diverge from traditional markets (source: Eric Balchunas on X, Dec 24, 2025; source: Mark Chadwick on X, referenced by Balchunas). According to Eric Balchunas, the takeaway for traders is to avoid over-reliance on a Santa rally setup in BTC and instead benchmark expectations against prior outsized gains, as relative performance base effects can drive consolidation (source: Eric Balchunas on X, Dec 24, 2025). According to Eric Balchunas, this context supports a trading approach that emphasizes risk control and patience over chasing year-end seasonality in BTC, given his emphasis on net outperformance despite a flat holiday period (source: Eric Balchunas on X, Dec 24, 2025).

According to Eric Balchunas, a high-fee active fund showing less than 40% active share indicates near-benchmark positioning that may not justify premium fees, source: @EricBalchunas on X. Active share below roughly 60% is widely used to flag closet indexing, which raises the hurdle to outperform after costs, source: Morningstar Research. Most high-fee active equity funds underperform benchmarks net of fees over multiyear horizons, reinforcing the risk for holders of low active share products, source: S&P Dow Jones Indices SPIVA U.S. Scorecard 2024. These dynamics tend to redirect flows toward low-cost index ETFs and alternative exposures like Bitcoin ETPs, both of which recorded robust net inflows in 2024, source: Investment Company Institute and CoinShares Digital Asset Fund Flows 2024.

According to Eric Balchunas, his latest X post is a personal update about an ice rink in front of City Hall and mentions rental skates hurting feet, with no reference to ETFs, Bitcoin, or crypto markets, indicating no actionable trading information; source: Eric Balchunas on X, Dec 24, 2025. The post contains no market-moving details or guidance related to ETFs, BTC, ETH, or broader crypto sentiment, implying zero immediate trading impact; source: Eric Balchunas on X, Dec 24, 2025.

According to @EricBalchunas, Gabe Plotkin’s new firm Snowball Advisors has filed for The Snowball ETF as a highly concentrated active equity fund. According to the SEC preliminary prospectus, the strategy targets 15 to 25 companies selected via fundamental analysis and valuation models, with Snowball Advisors as sub-adviser and Gabe Plotkin as portfolio manager. According to the SEC preliminary prospectus, the expected effective date is March 9, 2026, while the ticker and fees were not disclosed in the preliminary filing, a detail also noted by @ETFhearsay. According to @ETFhearsay, Plotkin previously founded Melvin Capital, which was a casualty of the GameStop squeeze in 2022, a context equity traders may track for sentiment. According to the SEC preliminary prospectus, the mandate is equity-focused and does not state digital-asset exposure, indicating no direct crypto holdings in this ETF and a neutral direct impact on crypto flows.

According to @EricBalchunas, the XOVR ETF jumped 775 positions on the ETF asset league table in three weeks, driven by investor demand tied to roughly 2% SpaceX exposure (source: @EricBalchunas, X post dated Dec 23, 2025). According to @EricBalchunas, this rapid ascent is unusual and is not a data error or a big model rotation, but rather grassroots-driven inflows focused on limited SpaceX access (source: @EricBalchunas, X post dated Dec 23, 2025). According to @EricBalchunas, no direct crypto market linkage was cited; the data point concerns ETF asset growth catalyzed by SpaceX exposure (source: @EricBalchunas, X post dated Dec 23, 2025).

According to @EricBalchunas, BlackRock holds 30% of the US ETF market, maintaining a 1% lead over Vanguard at 29% (source: Eric Balchunas on X, Dec 23, 2025). He reports both issuers increased market share by 0.2% this year (source: Eric Balchunas on X, Dec 23, 2025). He also notes the gap to third and fourth place is very large (source: Eric Balchunas on X, Dec 23, 2025). The post does not reference crypto ETFs or direct crypto market impact (source: Eric Balchunas on X, Dec 23, 2025).

According to @EricBalchunas, Trian and General Catalyst are acquiring Janus at a stated value of $7.5 billion, with no additional deal terms disclosed in the source (Source: @EricBalchunas on X, Dec 22, 2025). According to @EricBalchunas, the lack of details such as offer price per share, consideration mix (cash/stock), expected closing timeline, and regulatory approvals in the source limits immediate merger-spread modeling; traders may wait for an official press release or filing to quantify upside, downside, and deal risk once terms are published (Source: @EricBalchunas on X, Dec 22, 2025). According to @EricBalchunas, the source does not mention any cryptocurrency exposure or digital-asset products, indicating no direct crypto market impact is identified from this headline alone (Source: @EricBalchunas on X, Dec 22, 2025).

According to @EricBalchunas, BlackRock’s gold ETF IAU is up 64% year-to-date, its strongest gain on record by a factor of 3, and has taken in over $10 billion, also a record, source: @EricBalchunas. Despite this historic strength in gold flows, BlackRock’s Bitcoin ETF IBIT is featured among the firm’s biggest investment themes for 2025, source: @EricBalchunas. For traders, this juxtaposition highlights institutional focus on BTC ETF products alongside robust gold demand, making IBIT versus IAU net creations and asset flows a key relative indicator to watch, source: @EricBalchunas. Monitoring daily fund flows and volume divergence between IBIT and IAU can help gauge near-term BTC liquidity impact versus gold, source: @EricBalchunas.

According to Eric Balchunas, recognizing “I know I’m a bad trader” and doubling down on that self-awareness is the first step to long-term wealth creation, emphasizing the edge that comes from avoiding overtrading (source: Eric Balchunas, X, Dec 20, 2025). Balchunas cited the success of “Vanguardians” to illustrate that low-cost, index-like, low-turnover strategies compound wealth more reliably than frequent trading, reinforcing a passive allocation bias for traders (source: Eric Balchunas, X, Dec 20, 2025). He added that anyone who held BTC for roughly 15 years would be rich, highlighting the historical advantage of patient, long-horizon BTC exposure over short-term timing attempts (source: Eric Balchunas, X, Dec 20, 2025). For crypto market participants, the trading takeaway from his post is to prioritize long-term BTC allocation and minimize behavioral errors from active trading, aligning positioning with index-style discipline (source: Eric Balchunas, X, Dec 20, 2025).

According to @EricBalchunas, IBIT is the only ETF on the 2025 Flow Leaderboard with a negative year-to-date return (YTD), highlighting it as an outlier on performance versus peers (source: @EricBalchunas on X, Dec 19, 2025). He reports that despite the negative return, IBIT still placed 6th by net inflows for the year, underscoring strong investor demand (source: @EricBalchunas on X, Dec 19, 2025). He adds that IBIT attracted more money than GLD in 2025 flows, indicating robust allocation to spot Bitcoin exposure via ETFs (source: @EricBalchunas on X, Dec 19, 2025). Balchunas characterizes this pattern as HODL-style behavior from traditional investors, which he presents as the key takeaway for BTC-linked ETF flows (source: @EricBalchunas on X, Dec 19, 2025).

According to Eric Balchunas, QQQ will transition to an open-end fund on Monday (source: @EricBalchunas on X). The confirmed cutover date provides a discrete event window for traders to monitor liquidity, bid-ask spreads, and NAV premium/discount during the conversion session to manage execution risk (source: @EricBalchunas for timing). Crypto traders who use Nasdaq-100 proxies to gauge risk sentiment can align BTC and ETH risk monitoring with the same window to mitigate spillover from any transient dislocations (source: @EricBalchunas for timing).

According to @EricBalchunas, $XOVR saw a record $258 million daily inflow, ranking #18 among all ETFs for the day (source: @EricBalchunas). According to @EricBalchunas, cumulative net inflows reached about $900 million over the past two weeks, placing it in the top 2% of ETFs by flows (source: @EricBalchunas). According to @EricBalchunas, the fund’s SpaceX allocation is approximately 3%, which he highlights in the context of the recent inflow momentum (source: @EricBalchunas).

According to @EricBalchunas, the biggest ETF winners from $DJT's surge were mostly crypto-themed ETFs, alongside SOCL, the social media ETF (source: @EricBalchunas on X, Dec 18, 2025). For traders, this signals short-term momentum concentrated in crypto-linked ETFs relative to other sectors today and flags SOCL as a concurrent outperformer to monitor for continuation or mean-reversion setups (source: @EricBalchunas on X, Dec 18, 2025).

According to @EricBalchunas, the 2x DJT ETF (DJTU) jumped about 88% intraday as volume surged to roughly 30 times its average after the underlying stock announced a surprise merger with a fusion energy company (source: @EricBalchunas on X, Dec 18, 2025). For traders, the merger-driven catalyst combined with 2x leverage points to unusually high intraday volatility and liquidity turnover in DJTU today (source: @EricBalchunas on X, Dec 18, 2025). No direct impact on crypto markets was cited in the update (source: @EricBalchunas on X, Dec 18, 2025).

According to Eric Balchunas, assertions that spot Bitcoin ETFs have turned BTC into the 'laughing stock of all assets' are overstated, as he pushed back on this view by likening it to a Patriots fan upset over not three-peating, in direct response to WhalePanda’s criticism. Source: Eric Balchunas on X https://twitter.com/EricBalchunas/status/2001731290932912202; WhalePanda statement via Eric’s post https://x.com/WhalePanda/status/2001705994091663382. For traders, the post highlights an active debate among influential market voices over whether ETFs are driving BTC’s day-to-day drawdowns, underscoring a polarized sentiment backdrop that can frame short-term narratives around BTC. Source: Eric Balchunas on X https://twitter.com/EricBalchunas/status/2001731290932912202.